In general, people who hare more productive earn higher incomes and thus pay higher taxes.
In general, people who hare more productive earn higher incomes and thus pay higher taxes. How would a change in the immigration laws that favored more highly educated and skilled individuals affect the future tax burden of today’s American college students? Would the admission of better-educated immigrants tend to raise or lower the wages of American college graduates? On balance, would an overhaul of the immigration system benefit or harm today’s college students?
Scenario B: A vitamin company, Pro Health (PH), was preparing to launch a new product called “ProBio.
Scenario B: A vitamin company, Pro Health (PH), was preparing to launch a new product called “ProBio.” It produced 20,000 units of ProBio at a cost of $5 per unit and packaged the product in bottles with labels that prominently displayed the ProBio name. At the last minute, PH learned that an established drug company was already selling a product named ProBio. FDA regulations prohibit drugs with identical names from being sold on the market, with the penalty for noncompliance being a full product recall. Rather than face product recall and all the attendant costs, PH decided to comply with the regulation voluntarily. As a result, the product had to be renamed and rebranded; the label had to be redesigned, remanufactured, and reapplied; and a new advertising campaign had to be formulated and launched.1. How does this FDA regulation protect consumers?2. Why did the company voluntarily change its product name?3. What effect did this regulation have on the company and on consumers?
For each scenario below, calculate the returns to scale and explain what would happen with a 10% increase in capital (K) and labor (L). You don’t…
For each scenario below, calculate the returns to scale and explain what would happen with a 10% increase in capital (K) and labor (L). You don’t need to calculate an exact amount. Just give an approximate value.Q = K^0.2 L^0.4Q = 4K + 2LQ = KL – K^2 – L^2
BUS 640 Assignment (2 problems)Price Quotes and Pricing Decisions Applied ProblemsPlease complete the following two applied problems:Problem 1:Jessica Alba, a famous actress, starts the baby and famil
BUS 640 Assignment (2 problems)Price Quotes and Pricing Decisions Applied ProblemsPlease complete the following two applied problems:Problem 1:Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Alba and Gavigan set up their site so families can choose what kinds of non-toxic, all-natural products they’d like to use and get them in a bundle. Families can choose all kinds of products from food to hygiene necessities and cleaning supplies. Suppose they are thinking of expanding their business into five domestic markets: Phoenix, Dallas, Chicago, New York, and Atlanta. Assume their primary goal of business is to maximize economic profits, although they want to do business honestly.Show all your calculations and process. Describe your answer for each question in three- to five-complete sentences.You are a business adviser for Alba and Gavigan. Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.Are they likely to make economic profits initially? Can they continue to make economic profits in the long term? Why or why not? Discuss.What advice would you give to Alba and Gavigan to help them make more profit in the long term?Problem 2:You operate your own small building company and have decided to bid on a government contract to build a pedestrian walkway in a national park during the coming winter. The walkway is to be of standard government design and should involve no unexpected costs. Your present capacity utilization rate is moderate and allows sufficient scope to understand this contract, if you win it. You calculate your incremental costs to be $268,000 and your fully allocated costs to be $440,000. Your usual practice is to add between 60% and 80% to your incremental costs, depending on capacity utilization rate and other factors. You expect three other firms to also bid on this contract, and you have assembled the following competitor intelligence about those companies. (Line the chart up below)Issue / Rival A / Rival B / Rival CCapacity Utilization / At full capacity / Moderate / Very lowGoodwill Considerations / Very concerned / Morderatly concerned / Not concernedProduction Facilities / Small and inefficient plant / Medium sized and efficient plant / Large and very efficient plantPrevious bidding pattern / Incremental cost plus 35-50% / Full cost plus 8-12% / Full cost plus 10-15%Cost Structure / Incremental costs exceed yours by 10% / Similiar cost structure to yours / Incremental costs 20% lower but similiarAesthetic Factors / Does not like winter / dirty jobs / Doe not like messy / inconvenient jobs / Likes projects that are creativePolitical Factors / Decision maker is a relative of buyer / Decision maker is seeking new job / Decision maker is looking for promotionShow all of your calculations and processes. Describe your answers in three- to five-complete sentences.What price would you bid if you must win the project?What price would you bid if you want to maximize the expected value of the contribution from this contract?Defend your answers with discussion, making any assumptions you feel are reasonable and/or are supported by the information provided.Carefully review the Grading Rubric https://ashford.waypointoutcomes.com/assessment/3740/preview for the criteria that will be used to evaluate your assignment.
Some college athletes will drop out of college to enter professional athletics.Using the concept
Some college athletes will drop out of college to enter professional athletics. Using the concept of opportunity costs, explain: (For example in question 1, what would an athlete have to give up if he/she chooses not to go pro causing the athlete to turn pro. And for question 2, what would an athlete have to give up if he/she decides not to go to college causing the athlete to go to or remain in college. Another hint, use the term opportunity costs in your answers.)Why an athlete should drop out of college to turn pro.Why an athlete should remain in college and not turn pro.Answer the above questions thinking about opportunity cost.
Suppose that reduced barriers to international financial transactions cause an increase in the economy’s supply of capital.
1. Suppose that reduced barriers to international financial transactions cause an increase in the economy’s supply of capital. Explain, step-by-step, how the economy adjusts to arrive at a new long-run equilibrium.2. How does an increase in inflation affect the nominal exchange rate?II NEED HELP IN ANSWERING THESE QUESTIONS
Write an essay (suggested length of 1-3 pages) that explains the relationship between marginal revenue and marginal cost, and the importance of these…
Write an essay (suggested length of 13 pages) that explains the relationship between marginal revenue and marginal cost, and the importance of these concepts for profit maximization in which you do the following
6. Which of the following statements is (are) correct?(x) Comparative advantage is determined by which
6. Which of the following statements is (are) correct?(x) Comparative advantage is determined by which person can produce a good using fewer inputs.(y) Imports are goods produced abroad and sold domestically and exports are goods produced domesticallyand sold abroad.(z) If a country does not have a comparative advantage in the production of shoes then that country shouldimport shoes.A. (x), (y) and (z)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (z) only7. The producer that can produce a product with a lower opportunity cost(x) has a comparative advantage in the production of that good.(y) may not have an absolute advantage in the production of that good.(z) should specialize in the production of that product and export that product.A. (x), (y) and (z)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (x) only