Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

problem 1   

describe with numeric ex that marginal revenue is always lower than price when monopolists charge single price for each and every one units to sell.

problem 2

Starbucks Closed 61 Coffee Shops in Australia

Starbucks slashed its Australian presence subsequent to years of multimillion-dollar losses and a failure to make inroads. The world’s biggest coffee chain axed 685 jobs and close 61 of 84 stores nationwide.

People interviewed said:

1) There are a lot of better coffee shops;

2) Starbucks had issues with site selection and an imperfect food menu;

3) Australians like to sit down and relax with a cup of coffee rather than taking it away in a paper cup; and

4) Starbucks was rebellious with overpriced coffees that failed to meet Australian standard.

Answer the following problems:

a) In what market does Starbucks struggle?

b) Illustrate the revenue, costs, and profit that Starbucks anticipated when it entered this market. Draw a graph to illustrate your answer.

c) How did the factors listed as (1) to (4) above affect Starbucks’ revenue, costs, and profit? Draw a graph to demonstrate your answer.

problem 3

How firm supply curve is derived in short run?  Clarify with graphs.

problem 4                                       

770_expenditure fow.jpg

The figure above shows the flows of expenditure and income in the Australia. Throughout 2006-07, B was $585 billion, C was $231 billion, D was $241 billion, and E was –$13 billion.

Name the flows and compute the Aggregate expenditure and Aggregate Income and GDP. Elucidate among their relationships.

Part B

problem 1

The following events have happened globally in recent years:

• A deep recession hits world economy.

• The world oil price increases sharply.

Do you think the economy can be liberated if the Keynesian policy is followed? Elucidate your arguments.

problem 2

Poor India Makes Millionaires at Fastest Pace

India, with the world’s largest population of poor people living on less than a dollar a day, also paradoxically created millionaires at fastest pace in world in 2007. … Growing them at a blistering pace of 22.7 per cent, India added another 23,000 more millionaires in 2007 to its 2006 compute of 100,000 millionaires measured in dollars. … In distinction, developmental agencies put the number of subsistence level Indians living on less than a dollar a day at 350 million and those living on less than $2 a day at 700 million. In other words, for every millionaire, India has about 7,000 impoverished people. ...

(The Times of India, June 25, 2008)

Subsequent the limitations of real GDP estimation and particularly estimation problems associated with across countries inspect the validity of this statement.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91640

Have any Question? 


Related Questions in Macroeconomics

This is the market for movie tickets at a theater you can

This is the market for movie tickets at a theater. You can see the market demand for ticketsand the marginal and average cost for showing movies. The theater owners have determinethat they serve three segmented groups of ...

Economic forecast -prepare an economic forecast for canada

Economic Forecast - Prepare an economic forecast for Canada covering January - December, 2017. What do you expect to happen to interest rates and inflation? What are the prospects for growth in Canada's major economic se ...

Economicsentering a merger and organizational form please

Economics Entering a Merger and Organizational Form" Please respond to the following: • From the scenario for Katrina's Candies, examine the major implications for firms entering into a merger. Explain the criteria the U ...

Compare and contrast the different stages of the business

Compare and contrast the different stages of the business cycle and how inflation and unemployment vary via these different stages. Then discuss the appropriate fiscal and monetary policies to address inflation and unemp ...

Assignmentpartidirections read the prompts below

Assignment PARTI Directions: Read the prompts below andformulate a response of at least one half of one page in length for eachquestion. 1. Explain how police investigative techniques apply to terrorists in criminalinves ...

1 suppose you are hired to manage a small manufacturing

1. Suppose you are hired to manage a small manufacturing facility that produces Widgets. (Part A) You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market ...

Labor relations law600-800 words 2 scholarly

Labor Relations Law 600-800 words, 2 scholarly references Recently, you have heard rumors that employees would like to unionize. The director of human resources has come to one of your regional managers' meetings to disc ...

You have been hired to manage a small manufacturing

You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below. Workers               Total Labor Cost                Output Total Revenue 1              $100     ...

1 outline some of the dominant patterns of population

1. Outline some of the dominant patterns of population, output and per capita income growth and/or decline in the world economy, 500-1750, and what factors most fundamentally explain these patterns.

Firm a is the sole producer of a sport drink as marginal

Firm A is the sole producer of a sport drink. A's marginal cost is MC = 30, and it faces market demand given by inverse demand functionP = 100 - 0.5Q. What is the monopoly quantity and monopoly price? What is the monopol ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro