Economics Concepts - Production and Cost

Write a 2 page paper, with a reference page that addresses the following: Explain the production function and discuss why it is important. Explain diminishing returns to an input and give an example. Discuss why a firm's cost curve might be different in the short-run versus the long-run. APA...

Poverty, Cash and In-kind Transfer Programs

What is poverty? How does the United States define who is poor? What is the current poverty rate? What are cash transfer programs and in-kind transfers? What role has welfare played in poverty reform?

Thinking like an Economist

Please assist me with the following questions: 1. Could a nation's production possibilities curve shift outward? Explain what such a shift would mean, and discuss at least two events that might cause such a shift to occur. 2. By 1993, nations in the European Union (EU) had eliminated all barr...

The relationship between corruption and economic growth

Assess the empirical evidence on the relationship between corruption and economic growth. Could you illustrate with a case study of an Asian economy? How to do I start and what are the points that I can use for the body?

Decision Making in Oligopoly Markets

Burger King and McDonald's are situated on opposite corners of a downtown intersection. Burger King and McDonald's compete on the basis of the prices they set for their burger, fry, and soda combination meals. Every Monday, Burger King and McDonald's simultaneously choose their combo meal prices, wh...

360-Degree Performance Evaluations

Many firms today use 360-degree performance evaluations. Make a case for this type of evaluation based on the informativeness principle. What problems may be encountered from implementation of such a system?

Apple Company

Actually Apple is how big, based on Market Capitalization and explain a) Top 10 companies in the world. b) Top 10 companies in the USA. c) Top 50 companies in the USA. d) Top 100 companies in the USA. AAPL is not the #1, who's the #1 company in the world (by mkt cap, not Re...

GINI Coefficient

Consider the following land distribution data for a developing country: Holding size % Holdings % Holdings Area CUMUL Less than 1 50 5 5 1-2 20 10 15 2-10 ...

Calculating Traditional HDI

Suppose a country has a life expectancy of 51.5, an adult literarcy rate of 62.6%, a combined gross enrollement ratio of 45%, and GDP per capita PPP of $853. 1. What is its Traditional Human Development Index (HDI)? 2. Calculate how much its life expectancy would have to rise to achieve "medium hu...

Effects of Sudden Increase or Decrease in Number of Competitors

Based on the computer industry what are the positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in the long run. What would you recommend as a course of action, if any, and how would price moves from today to the future?

Total Asset Turnover Ratios

Jim Short's Company makes clothing for schools. Sales in 2007 were $4,000,000. Assets were as follows: Cash $100,000 Accounts receivable $800,000 Inventory $400,000 Net plant and equipment $500,000 Total Assets $1,800,000 a) Compare the following: 1. Accounting receivable turn...

The Organization of the Firm

The WSJ recently reported that Juniper Networks plans to offer its more than 1000 workers the opportunity to reprice their stock options. The announcement comes at a time when their stock is down 90%, leaving many employees stock options worthless. How do you think Juniper's CEO justified repricing ...

Advice from Doctoral Candidates

So I'm wondering if any of you over-achievers have any advice for me. Specifically I'm wondering - what else can I be doing to make my resume' more attractive? I'm hoping to enter an Econ PhD program and eventually work at a social experimentation firm (probably). Do you know of any sort of certific...

Coaching rather than managing people

3.Discuss how coaching rather than managing people can (a) enhance a leader's understanding of RQ and therefore provide a better understanding of their followers. Also, (b) how may RQ assist leaders in the developing employees and creating a more productive and satisfied work group and (c) identify...

Electric Generating Plants of the Tennessee Valley

Some of the electric generating plants of the Tennessee Valley Authority are powered by coal. Coal is purchased by a separate procurement division and is transferred to the plants for use. Plant managers complain that the coal is below grade and causes problems with plant maintenance and efficienc...

General Electric and future teams

General Electric has frequently placed managers together to work on teams. Often the work assignment is only for a short period of time. General Electric makes sure that the quality of an employee's performance on a given assignment is recorded and shared with future teams. Why do you think that ...

United States Negotiated Agreement

In 1981, the U.S. negotiated an agreement with the Japanese. The agreement called for Japanese auto firms to limit exports to the U.S. The Japanese government was charged with helping make sure the Japanese firms met the agreement. Were the Japanese firms necessarily hurt by this limited ability ...

Privatizing services for public interest

Is the privatization of some services such as mass transit generally in the public interest (since publicly operated mass transit programs almost invariable operate at a loss)? Can I have a written reason as to why or why not?

RD&E Cycle

23. A dollar spent on activities that occur during the RD&E cycle: a. can save up to $80-$100 on manufacturing and post-manufacturing activities b. can save up to $8-$10 on manufacturing and post-manufacturing activities c. can save up to $20-$30 on manufacturing and post-manufacturing activiti...

Calculating the GDP, NDP, GNP, NI etc from a data set

Consider the national income and output data listed: 1)Personal Consumption Expenditure= 1491 2)Transfer Payments 274 3)Depreciation -234 4)Retained earnings-112 5)Gross Fixed Investment-378 6)Fed. State Local Govts' Purchases-354 7)Changes in Bus.Inventories-26 8)Interest Paid To...