1. The demand and cost curves for a monopoly firm are as follows: Q = 750 – 5P TC = 2000 + 70Q <

. Consider an open economy with a flexible exchange rate regime, perfect capital mobility and fixed… Show more . Consider an open economy with a flexible exchange rate regime, perfect capital mobility and fixed prices both home and abroad. Discuss each of the following: (i) The process of adjustment of the economy to an increase in foreign output ii) The effect on the trade balance and possible automatic adjustments iii) The intervention required by the Central Bank to maintain the exchange rate fixed HELP?! • Show less

Production… Show more Consider the following competitive market: Inverse of demand function: PD(Q) = AD – BDQ Production cost of each firm: TCFIRM(q) = (1/2)Mq2 + F Entering the market is free but there is an exit cost equal to phi Assume that profits per firm are – phi. a) Define an equilibrium for this environment. b) Solve for the equilibrium you defined in part a. c) The government wants to sell X units in this market. The cost it paid for those units is C and they were bought in a foreign market (local producers did not sell this units to the government). Define an equilibrium for this environment. d) Solve for the equilibrium you defined in part b. e) Perform a CBA of the project defined in part c. f) Assume that the government wants to impose a subsidy of s percent per unit traded. Define an equilibrium for this environment. g) Assume that the government wants to buy X units in this market to give it to the poor. Define an equilibrium for this environment. • Show less

Please answer full question for points

Please answer for full points

Please answer the full question for full points

Please answer the question in full for points

“Please answer the follow Question in full”

1(A). Recently, in Small-town, the price of Twinkies fell from $6 to $4. As a result, the quantity d

(1). The minimum wage crea… Show more Which of the following statements are positive, and which are normative? (1). The minimum wage creates unemployment among unskilled workers. (2). The minimum wage should be abolished. (3). If the price of a product in a market decreases, quantity demanded will increase. (4). A little bit of inflation should impose higher costs on society. (5). There is a tradeoff between inflation and unemployment in the short run. (6). If consumer income increases, the demand for automobiles will increase. (7). The U.S. income distribution should be better in the future. (8). U.S. workers should get more liberal unemployment benefits. (9). If interest rates increase, investment will decrease. (10). If welfare benefits were reduced, the country would be better off. • Show less