Consider the following for an example of a somewhat competitive firm: Can you think of any products that are not differentiated?

Consider the following for an example of a somewhat competitive firm:

  • Can you think of any products that are not differentiated? In other words, are there any products that you buy where brand does not matter?
  • Can you think of any industries where there are no (or very low) entry barriers?
 

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There are two residents in a town, A and B . resident A has a demand for fireworks, of Q = 40-4P, and resident B has a demand of fireworks: Q= 20-2P….

There are two residents in a town, A and B . resident A has a demand for fireworks, of Q = 40-4P, and resident B has a demand of fireworks: Q= 20-2P. The cost of each firework is $3. Fireworks are public goods.

What is the private and social optimum of fireworks for the town?

Please also briefly tell the difference between private optimum and social optimum.

 

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The ocean, air, and climate could be thought of as a quot; common pool resource .quot; What is a quot;common pool resourcequot;?

The ocean, air, and climate could be thought of as a “common pool resource.” 

What is a “common pool resource”?

The fear of having a “common pool resource” is that there will be over-use of the resource. This is called the “tragedy of the commons.”

Hasn’t the U.S. accomplish some reduction in CO2 emissions and reduction in other pollution? Isn’t the real problem countries like China and India that use coal for energy? 

How can we solve a “tragedy of the commons“?

 

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Most of Europe lies within 300 miles of a seacoast. However, some countries in Europe are landlocked. How might this have impacted human migration? A) A landlocked area hampers trade with other coun

Most of Europe lies within 300 miles of a seacoast. However, some countries in Europe are landlocked. How might this have impacted human migration?

A)

A landlocked area hampers trade with other countries and therefore stifles the economy.

B)

A landlocked area means that immigrants had to walk rather than swim to the “new land”.

C)

A landlocked area means more land to farm so this would have made the area more attractive to settlers.

D)

A landlocked area means there is more room for communities and cities so this would have facilitated urban growth

 

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Part 2: More simple linear regression in Stata (25 points total) 1. (5 points) Consider a simple linear regression model relating the log of the…

Part 2: More simple linear regression in Stata (25 points total)

1. (5 points) Consider a simple linear regression model relating the log of the hourly wage rate (lwage) to years of education (educ): lwage= β0 + β1 educ + u What is the meaning of the error term u?(No Stata output needed.)

2. (5 points) Give an example of a variable (or factor) that might be contained in u. (No Stata output needed.) 3. (5 points) What is the key condition for β1 to be interpreted as the causal effect of an additional year of education on lwage? Does this condition hold? (No Stata output needed.)

4. (5 points) Use the data in <HTV.dta> to estimate the simple regression model in question 1 and paste the results into your document. Hint: Use the reg command in Stata: reg lwage educ. (Show your Stata output.)

5. (5 points) What is the R2 of the regression and how do you interpret it? What does it tell you about the extent to which wages are causally affected by education? (No Stata output needed.) 

 

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Read the articles Jessica Alba’s Triple Bottom startup raises $25 million ( http://www.forbes.

Read the articles Jessica Alba’s Triple Bottom startup raises $25 million (http://www.forbes.com/sites/annefield/2013/11/17/jessica-albas-triple-bottom-line-startup-raises-25-million/)  and The bottom line of corporate good (http://www.forbes.com/sites/causeintegration/2012/09/14/the-bottom-line-of-corporate-good/). 

In reference to the articles, discuss how firms incorporate the triple bottom line concept into traditional business concerns over profitability. Respond to at least two of your classmates’ posts.

Guided Response:

 In 300 words or more, please, provide your response to the above discussion question. Comment on how customers can influence firms to pay more attention to the preservation of the natural environment. Respond substantively to at least two of your classmates’ postings. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic

Triple Bottom Line Concept IntroductionTriple bottom line signifies the 3 Ps – People, profit and Planets. As we know, entireorganizations survive on earth. The major target of any organization…

 

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Journal Assignment – http://www.immi.se/intercultural/nr38/lawton.html (need it in 6-7 hrs max)

Please carefully read the journal article assigned and do the following:

1. Cite the article at the top of the page in either MLA or APA format Examples:

2.Summarize what you read (What is the point of this article)

3. What did you take away from this reading (What did you find interesting)

4. How does this reading fit into what we have discussed in class (relate to a chapter we have covered). How does it connect to this chapter?

5. This assignment should be atleast 700 words long (excluding title and citations). Please do a word count to make sure you meet this requirement

Journal Article 1

http://www.immi.se/intercultural/nr38/lawton.html

 

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Question #1: The Data of Macroeconomics: GDP (a) Obtain data for the following variables for the United States in 2009. Gross Domestic Product (Y) 2….

Question #1: The Data of Macroeconomics: GDP (a) Obtain data for the following variables for the United States in 2009. 1. Gross Domestic Product (Y) 2. Consumption (C) 3. Investment (I) 4. Government Spending (G) 5. Exports (EX) 6. Imports (IM) (b) Confirm that Y = C + I + G + (EX – IM) (c) What share of GDP is composed of consumption? What share of GDP is composed of investment? What share of GDP is composed of government spending?

 

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Socicalolgy

Use the Internet to research one (1) developing nation of Somolia. Your research should include an examination of the effects that war and peace have on the distribution of foreign aid, as well as the material covered by the Webtext and lectures in Weeks 1 through 3.

Write a three to four (3-4) page research paper in which you:

  1. Assess the positive and negative effects that peace and war, respectively, have on the distribution of foreign aid in the developing country that you have selected. Support your response with concrete examples of each of the results that you have cited.
  2. Analyze the specific actions that the leadership of the selected country has taken, through the use of its foreign aid from donor nations and international lending institutions, to relieve the severe problems caused by warfare.
  3. Discuss whether or not the extension of foreign aid has successfully reduced poverty and the incidence of warfare in the selected country. Support your response with examples.
  4. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia, blogs, and other nonacademic websites do not qualify as academic resources. Approval of resources is at the instructor’s discretion. Resources must also be within the last seven (7) years.  
 

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Discussion Question 1 A

Why is making a good first impression with your cooperating teacher and students important? Reflect on your first meetings and initial impressions. How did you prepare for these first meetings? Did your initial meetings meet your expectations?

 

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