Homework Help for Economics

A. Strong trend that indicates business growth.
B. A lack of an adequate number of data observations.
C. Significant unexplained business cycles.
D. Residuals with all positive signs.

Read the following fictional scenario and write a report that addresses the questions shown below:

The managing director of a Belgian outdoor catering company has to decide whether or not to lease new capital equipment. She knows that the demand for their services will depend on the situation in the macroeconomy in Belgium. The possible outcomes are summarised in this contingency table:

Profits are measured in 000s of dollars and utility is measured in 000s of Utils.

What methods are available to the managing director to reduce the risk involved in this decision?

Assessment criteria

The thoroughness of the discussion about attitudes towards risk and methods of risk reduction.

Structure and presentation of material, including the use of the Harvard Citation and Referencing system.

Reading

The following references are starting points for your reading about this task:

Frank, R.H. (2003) Microeconomics and Behavior. 5^th ed., New York: McGraw-Hill pp. 209-223

Pindyck, R.S. and Rubinfeld, D.L. (2013) Microeconomics. 8^th ed., International Edition, New Jersey: Pearson Chapter 5

Data Mining

When a comprehensive training set is available, a supervised anomaly detection technique can typically outperform an unsupervised anomaly technique when performance is evaluated using measures such as the detection and false alarm rate. However, in some cases, such as fraud detection, new types of anomalies are always developing. Performance can be evaluated according to the detection and false alarm rates because it is possible to determine whether an object (transaction) is anomalous.

Discuss the relative merits of supervised and unsupervised anomaly under such conditions.

Please provide atleast 100-200 words answer. Thanks

If the price of a product​ increases,

A. there is an increase in quantity supplied and a decrease in quantity demanded.

B. there is an increase in quantity supplied and a decrease in demand.

C. there is an increase in supply and a decrease in quantity demanded.

D. there is an increase in supply and a decrease in demand.

"In the presence of very risk-averse bidders, a person selling her house in an auction will have a high expected profit by using a first-price, sealed-bid auction." True or false? Explain your answer.

1. What might cause a change in the demand for gasoline? What might cause a change in the supply of gasoline? Can you think of a single event that might shift both the demand and supply curve?

2. Why do you suppose that people who buy items online from firms located in other nations tend to purchase most of those items from firms based in neighboring countries?

Suppose that there are two producers of cement in the U.S.–Holcim and Cemex. Holcim produces in the U.S. and Cemex produces in Mexico. The demand for cement is: Q(P) = 200 – P/ 2
Holcim has total cost function T C(Q) = 10Q and Cemex has total cost function T C = 20Q, reflecting the fact that Cemex has to import cement from abroad. (a) What are the marginal costs of each firm? (b) What is Cemex’s best response given the price that Holcim is charging? Consider three cases: 1) Holcim charges a price below Cemex’s marginal cost, 2) Holcim charges a price equal to Cemex’s marginal cost, 3) Holcim charges a price above Cemex’s marginal cost. (c) What is Holcim’s best response given the price that Cemex is charging? Describe the difference between Cemex and Holicm’s best response functions. (d) What would happen if Cemex was unable to shift cement to the U.S. so Holcim was a monopolist? Specifically, what would happen to consumer surplus?

There has been a “decline in deference” towards politicians meaning a lack of respect and trust in them and their ethics.  Why does the research say this has occurred and how do you think it could be changed?

In the long run for a monopolistically competitive firm:

A) price is equal to the average cost of production.
B) firms earn economic profits.
C) firms earn economic losses.
D) price is equal to the minimum possible average cost of production.

​This is a two part question, both must be answered in order to get a thumbs up!

Re:Mandatory school?

If the government were to make university attendance mandatory and
subsidize tuition costs with tax dollars, how might this affect a
nation's economic growth?

Min 250 words required

Staying in school longer?

If more teenagers stay in school longer (as in the number of
years that they attend), what happens to
(a) production possibilities?
(b) unemployment rates?

Min 250 words required

17) Why does the taxi medallion policy cause inefficiency?

A) It decreases the total surplus of the taxi market.
B) It prevents riders and drivers from doing mutually beneficial transactions.
C) It always decreases producer surplus only.
D) All of the above are correct.
E) A) and B) are correct.

Question 1 (1 point) Right-to-work laws in individual states:

make it illegal to require union membership as a condition for continued employment.

were allowed by the Taft-Hartley Act of 1947.

make it illegal to run a "closed shop" in that state.

all of the above.

Question 2 (1 point) In the figure to the right, the wage rate that maximizes the total union member income earned is:

W2.

W1.

W3.

uncertain without more information.

Question 4 (1 point) An example of featherbedding would be:

a union trying to increase worker productivity.

a union trying to increase demand for union labor.

a union trying to increase demand for union-made products.

an act banned by the Taft-Hartley Act.

Question 5 (1 point) The Taft-Hartley Act of 1947 (the Labor Management Relations Act):

is the key legislative act that requires management to bargain with unions.

made certain union practices such as closed-shops illegal.

is the key legislative act that permits unions to organize and to strike.

is perceived by union leaders as the most important legislation enabling unions to improve the wages of their members.

Question 8 (1 point) In order to raise wages above the market level for its workers, a union must:

have monopsony power.

recruit better workers.

have the support of the government.

limit the supply of labor in an industry.

Question 9 (1 point) What are the effects of labor unions on wages and productivity?

Wages are lower for union members than non-union members because union dues are so high.

Productivity increases because the marginal factor cost is equated to the marginal revenue product of labor.

Wages are the same for union members and non-union members.

Productivity does not increase or decrease as the result of unions.

Wages are higher for union members than non-union members.

Productivity may decrease because of the way some collective bargaining rules specify how jobs should be done or productivity may increase due to reduced turnover.

Productivity increases due to reduced turnover or because of the way some collective bargaining rules specify how jobs should be done.

Question 10 (1 point) Under bilateral monopoly, the wage rate is:

indeterminate.

higher than the competitive wage rate.

equal to the competitive wage rate.

lower than the competitive wage rate.

2- In your own words, use utility analysis and production theory to explain why the demand curve for medical care is downward sloping

What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100 percent and the federal budget was balance?

2. How would entitlement spending be funded if tax revenues just covered discentionary spending and there was a government budget deficit?