Discuss the situational factors that suggest the need for specialization and centralization. Provide a specific example of each factor discussed.
Q: 7 Derive Marshallian/Ordinary Demand for both x utility functions a) U(x, y) = min[1x, 6y] 。) U(x,…
A: utility function represents the relationship between utility and consumption of goods.
Q: You borrow $20,000 to purchase a car and will repay the loan in uniform monthly payments for the…
A: Given information P=$20000 n=48 month i=1% per month.
Q: Show that the law of diminishing marginal productivity holds for the production function Q=6L²-0.2L'
A: Production function exhibits the relationship between the input and output. Input are the factors…
Q: 1. You borrowed $10,000 from a bank at an interest rate of 9%, compounded monthly. This loan will be…
A: Given that, Amount = $10,000 Interest Rate = 9% = 0.09/12 = 0.0075 Compounded Monthly Will be repaid…
Q: What role of government do you think is the most important from an economic perspective and why?…
A: Government plays a very important role in the modern economy and helps in maintaining balance.…
Q: 1. Use the following demand schedule to determine total revenue and marginal revenue for each…
A: Total revenue is total receipts by selling the goods. It is equal to price multiply quantity. i.e.,…
Q: If nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per…
A: Given information: Nominal interest rate (r): 10% Effective interest rate (i): 10.25% To find: the…
Q: (This is question 2, page 105 in the textbook). How would each of the following affect the current…
A: DISCLAIMER “Since you have asked multiple questions, we will solve the first three subparts…
Q: proper presentment by Yeager Bank. a. What are the rights of Yeager Bank against Zebra Bank? b. What…
A: answer a) searching at above situation, Yeager bank do not have any rights against Zebra bank as…
Q: 5. A consumer dislikes good 1, and dislikes good 2. Show these preferences on a suitably labelled…
A: Indifference curves are the locus of points which provide same level of utility to the consumer .
Q: conomics deals with the efficient use of resources. Why? 3. Marginal analysis produces more optimal…
A: "Since you have asked multiple questions,we will solve first question for you,If you want specific…
Q: Suppose Anna’s utility for goods x1 and x2 is represented by the following utility function: U (x1,…
A: Optimal consumption says that when a consumer maximizes utility, the minimal utility per dollar…
Q: Jones plans to deposit $500 at the end of each month for 10 years at 12% annual interest, compounded…
A: Given that, Jones plans to deposit $500 at the end of each month for 10 years at 12% annual…
Q: Move the appropriate curve or curves in each graph to illustrate the effect of each of the four…
A: In the loanable fund market, interest rate is determined by the intersection of demand for loanable…
Q: Assume the graph represents the market for a monopolist. What quantity will the monopolist produce,…
A: Under monopolistic competition, there are large number of sellers selling differentiated product.…
Q: What are the two basic goals of the federal government stabilization? A. Stable prices with…
A: Stabilization policy is a government strategy intended to encourage steady economic growth.
Q: In the market for gold jewelry, products come in a range of designs, styles, and levels of quality.…
A: The market's structure which includes a large number of buyers and sellers, is called perfect…
Q: 4. Third-Degree Price Discrimination. A monopolist has two sets of customers: low demand and high…
A: Third-degree price discrimination happens when an organization charges an alternate cost to various…
Q: Consider the following utility functions. G(x,y) = x² + 3y² H(x,y) = (x+1)¹/2 + y + 1 L(x,y) = x ey…
A: The function for which the MRS decreases as good x increases, have strictly convex preference.
Q: Consider a short-run IS-LM model where MPC =0.75. Suppose that taxes are initially given by T=1500.…
A: A decline in per unit tax levied by the government causes a reduction in the production cost and…
Q: What is the effect of a fall in the real interest rate on the demand for loanable funds? A fall in…
A: The demand curve is the graphical representation of demand schedule. The demand schedule is the…
Q: 。 Investment — End of Chapter Problem In your first year of work you deposit $1,200 in your…
A: Deposit = 1,200 r = 8%
Q: 11. Assuming that all transactions are recorded, if the United States has an overall deficit (–) in…
A: The balance of payment is a record of transaction between the domestic country and the rest of the…
Q: George has a monopoly on burrito sales in a small town in Kansas. The burritos cost him a constant…
A: Q TR MR PROFIT TC 0 0 - 0 0 1 25 25 20 5 2 40 15 30 10 3 45 5 30 15 4 40 -5 20 20…
Q: Susan Ng owns an eight-year-old Prius automobile. She wants to find the present worth of repair…
A: Here we are given a payment stream, we will find the present value of that using the present value…
Q: 9. A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the…
A: Since you have asked multiple subparts, we would be answering the first three for you. To get the…
Q: Developed economies are less prone to banking crises than developing or less developed economies.…
A: When talking about banking crisis, it can be said that it is the situation when banks are running…
Q: Suppose a bank sells a 6-month at-the-money put option on 1 million GBPs. Current exchange rate is…
A: A trading approach for options called delta hedging tries to lessen or eliminate the directional…
Q: 3. A bicycle shop acquired a mountain bike at Php5,500 a piece. The shop sells it at Php9,000.…
A:
Q: The World Trade Organisation overseas multilateral agreements between many countries. Discuss the…
A: The General Agreement on Trade and Tariffs (GATT) was succeeded by the World Trade Organization…
Q: Suppose that the government imposes a tax on the market. D is the demand curve before tax, S is the…
A: Before tax equilibrium occurs at the intersection of demand and supply curves and after tax…
Q: Carlos buys a bond that will pay him $1,000 after 3 years. It accumulates interest at an annual…
A: Given that, Future value = 1000 Time period = 3 years Rate of interest = 7% or 0.07
Q: Which of the following would properly be classified as a favorable supply shock?
A: Introduction A supply shock is a dramatic reaction to the price of a good or product because of…
Q: A consumer has preferences for two goods that are represented by the utility function u(x1, x2)
A: Utility function : U = 2(x1)0.5 + x20.5 Price of good 1 : P1 , Price of good 2 : P2 Monotonic…
Q: If unbounded means unlimited or immeasurable, then why does does the unbounded will power definition…
A: Literacy is one of the important factors that affect the environment of society. A literate or…
Q: 3. Charlie likes to watch shows like Downton Abbey on PBS, but he never sends in a contribution…
A: An economist is an expert who investigates the connection that exists between a society's resources…
Q: Firms require capital to invest in productive opportunities. The best firms with the most profitable…
A: An expansionary monetary policy, also known as a free money-related approach, reduces the rate of…
Q: Host nations have adopted competition policy and anti-dumping law. Examine the characteristics…
A: Tacit collusion arises when the companies collude without any formal communication or written…
Q: If balance of trade is negative, Xn is negative number. The impact of Xn is A. GDP will become…
A: GDP is the gross domestic product. GDP consists of consumption , investment, government spending,…
Q: The figure shows the total product curve for different levels of a variable input, labor. O A OB ос…
A: The total product is the output through the production process. Marginal product is the change in…
Q: arger marketplaces tend to generate more wealth than smaller marketplaces. Why?
A: The marketplace or market place refers to a location where there is a regular gathering of the…
Q: A bicycle tire company performed a web-based study of a popular tire retail price over time. The…
A: In economics, inflation is a general increase in the prices of goods and services in an economy.…
Q: Q4. Current demand for apples in a city is 1000 boxes per week. In the city, price elasticity of…
A: Price elasticity of demand is percentage change in quantity demanded divided by the percentage…
Q: $61,000, annual O &M costs of $13,000 and a service life of 16 years. What is the project's…
A: The payback period is described as the number of years needed to recover the original cash…
Q: Problem 4- If effective interest rate is 15% per year. Find the equivalent nominal interest rate if:…
A: Equivalent annual cost (EAC) is the annual cost of owning, operating, and maintaining an asset over…
Q: How long does it take (to the nearest whole year) for a money to quadruple in value when the…
A: Rule of 144 The final rule in line is the rule of 144. As evident, this rule tells how long will it…
Q: Two mutually exclusive alternatives are available. If the interest is 15%, select the best…
A: Given, Two Alternatives : Alternative 1 and Alternative 2Rate of interest : 15% i.e. 0.15
Q: ) Illustrate your answer to (iii) on a graph, include your indifference curve, the budget…
A: Given Price of pizza pz=5.00 Price of soda: pd=2.00 Consumer income I=20 per week The consumer is…
Q: Suppose you have preferences for pizza (z) and soda (d). The price of pizza, pz = 5.00 and the price…
A: As per our policy, only solutions to the first three sub-parts are given here. If you want other…
Q: How did you come up with 0.13587 from (A/P, 6%,35)? Also with 3.46511 from (P/A, 6%, 4)?
A: The present worth of an annuity due describes to us the current worth of a series of expected…
Discuss the situational factors that suggest the need for specialization and centralization. Provide a specific example of each factor discussed.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Which of the following does not exemplify the globalization of education? Countries are striving to develop “world-class universities” for a global knowledge economy Cooperation among universities to advance knowledge frontiers and promote social and cultural similarity Higher educational institutions become agents of globalization Shift to K to12 basic education in the PhilippinesBusiness analysts use the model of supply and demand to discover key elements about their industries and their own organizations. In fact, microeconomic analysis of specialized fields has led to the emergence of new courses and careers in such areas as: Sports Economics Health Economics The Economics of the Arts Public Policy Restaurant and Food Service Economics Develop specific examples of how demand and supply analysis may be used in one of these four specialized areas. Here are some ways to approach this exploration. Answer the following questions: What is [Sports/Health/Arts/Public Policy] Economics? Pick one specialized field of economics. How do practitioners in these specialized fields of study bring the economic way of thinking to their occupation? What questions and topics might practitioners choose to study? What career choices are there in these fields? What courses are offered to prepare for jobs in these areas If you wish to substitute another field or…Identify the intellectual revolutions that created paradigm shift. (100 words only)
- Which of the following are among the reasons offered by Adam Smith for why specialization results in higher levels of output? (Select all that apply. Hint: There are 2 correct answers.) Select all that apply: Specialization in a particular small job allows workers to focus on the parts of the production process where they have an advantage. Specialization allows businesses to take advantage of economies of scale. Specialization allows workers to experiment with different tasks to see which responsibilities make them happiest at work. Workers who specialize in certain tasks forgo an opportunity to learn how to do new tasks efficiently.Essay (6-8 sentences, please): Define and contrast the 4 forms of capitalism 1. Neoliberal market capitalism 2.Social market capitalism 3.Developmental capitalism 4.Authoritarian capitalism.The arguments forglobalization include all, except: It lowers the price of goods due to free trade It keeps population growth to manageable levels It allows individuals to maximize their returns on their skills Competition encourages innovation It helps people to arrive at global solutions
- Under its former President Hugo Chavez, Venezuela moved from a Capitalist economy to a Socialist economy and has remained so after Chavez’s death. For example, the government took over and now operates a chain of stores that used to be run as a private business. Prices in the government-run stores are lower than prices were in a Capitalist economic system. The government posts signs in these stores like the one below: In case you don’t read Spanish, the sign says: Product Description Diana Oil Fair Price 4.73 Capitalist Price 7.00 Your Saving 32% The implication, of course, is that prices in a Capitalist economy are not fair. Explain whether or not this is true. Be sure to address each of the following in your explanation: 4. in a Capitalist…Which of the following describe South-East Asian economic centre? Prevailing entrepreneurial capitalism. Coordinated market economies. Coordination by non-market mechanisms. Short-term economic efficiency paradigm.In The Wealth of Nations (1776), what does Adam Smith identify as the primary driver of the success of decentralized market economies? Question 29 options: the basic benevolence of society basic human survival instincts individuals' self-interest society's justice (legal) system
- Which of the following questions can be answered using the concepts of macroeconomics? Why does the rate of economic growth fluctuate from year to year? What is the difference between demand and quantity demanded? What is the effect of an increase in price on the supply of a good? Why do some firms produce differentiated goods?Which of the following is an example of a traditional economy? The majority of people in Country B work in factories under very poor conditions for little pay. The population of Country D is involved in a wide array of professions, including agriculture, service industries, technology, and manufacturing. Country A relies on oil for most of its national income. The vast majority of people in Country C are involved in hunting and fishing, though there are some farmers too. There are also some artisans who create basic products and services, which they trade to farmers in exchange for food.The COVID-19 pandemic has adversely affected international travel and also had an impact on globalisation. There are also increasingly serious global political issues emerging including; great power rivalry, renewed border disputes and other political tensions flaring up in different parts of the world. a) From an institution-based perspective, how are national and international politics likely to influence future paths of globalization? b) How should multi-national entities respond strategically if a “new cold war” emerges due to great power rivalry?