Category: Economics

Draw a production possibilities frontier showing increasing opportunity cost of muffins in terms of cookies. (Draw your PPF on a piece of paper, take a picture with your phone, and upload the picture)
On your graph, please label the following points.
A: A point that is possible and efficient
B: A point that is possible but inefficient
C: A point that is not currently possible
D: On the graph, illustrate the effect of the discovery of a new, more efficient machine for producing flour, a resource needed to make both muffins and cookies, on this economy.

Inflation? Is it really that important?
Consumer Price Index (CPI) aka inflation number for December was reported earlier this month… In this thread below, I would like you to research what was the number reported, how significant it is for the economy? different industries? Why should we care about this at all?
When providing your answers, please make sure to reference official/government sources and feel free to include a table or figure in your response. You will be evaluated based on the amount of details and data provided to support your argument.
Note: No more than a page of information. Keep it simple and to the point.

The market demand-and-supply functions of oranges are given below. Q refers
to millions of pounds of oranges/month, and p is the price per pound (cents).
Demand: p = 220 – 6Q
Supply: p = 120 + 4Q
(a) What is the market equilibrium quantity and price of oranges?
(b) Suppose the government subsidizes 25 cents/pound to orange consumers. What is the
new equilibrium quantity and price? (Hint: write down the new supply or demand function
first)
(c) At the new equilibrium, what is the price that consumers pay? What is the price that
farmers receive?
(d) What is the percentage of subsidy that consumers receive? What is the percentage of
subsidy that is pass-through to farmers?
(e) Plot all the supply and demand curves in the same graph of (Q, p) space. Label your
horizontal and vertical axis properly. Indicate the direction and the magnitude of shift of any
curves. Label the initial and new equilibriums (i.e., e1, e2), and their respective price and
quantity you found from (a) and (b).
(f) How many million dollars of subsidy that the government gives to farmers? (You should use
the information provided in Part (b); total subsidy = unit subsidy * quantity sold)
(g) Extra credit: Suppose the government subsidizes 25 cents/pound to orange farmers instead.
Repeat the analysis above and show how your answers change in (b), (c), (d) and (f),
respectively.

Draw a production possibilities frontier showing increasing opportunity cost of muffins in terms of cookies. (Draw your PPF on a piece of paper, take a picture with your phone, and upload the picture)
On your graph, please label the following points.
A: A point that is possible and efficient
B: A point that is possible but inefficient
C: A point that is not currently possible
D: On the graph, illustrate the effect of the discovery of a new, more efficient machine for producing flour, a resource needed to make both muffins and cookies, on this economy.

A company distributes organic cocoa powder with a monthly demand function ofQ =80,000–2,000p, and total costfunctionTC =12,000+15Q + 0.002Q2, where p ist he price of organic cocoa powder per pound(dollars)and Q is the quantity (pounds).
(a) What are the optimal quantity, price, and profit of the company?
(b) Since the COVID-19 pandemic, most employees started working from home, so the
company cut down its rent of office building by $2,000 per month. What are the optimal
quantity, price, and profit under the new condition?

Inflation? Is it really that important?
Consumer Price Index (CPI) aka inflation number for December was reported earlier this month… In this thread below, I would like you to research what was the number reported, how significant it is for the economy? different industries? Why should we care about this at all?
When providing your answers, please make sure to reference official/government sources and feel free to include a table or figure in your response. You will be evaluated based on the amount of details and data provided to support your argument.
Note: No more than a page of information. Keep it simple and to the point.

An economy is assumed to be operating at full capacity when its real GDP (what the economy produces) equals its potential GDP (what the economy would produce if all factors of production are used). When the economy is producing at full potential, everyone who wants to work can find a job, because every worker who enters the workforce will produce what he or she will eventually consume with the income. In addition, and when the economy is producing at full capacity, unemployment rates in the economy represent the natural rate of unemployment (only frictional and structural unemployment exists), which is also referred to as full employment. When the economy produces what it needs and consumes what it produces, the price level of the final goods and services and the price level of inputs (material and labor) will be at the same. In other words, the rate of change in the price level of goods and services will be equal to the rate of change in income (wages and return to investment).
To ensure the economy continues to operate at potential GDP (full capacity where all savings are invested in production functions and where all those who wish to work can find a job and all other factors of production are fully utilized in the production function), governments use fiscal and monetary policies to lower unemployment rates and to control prices (inflation).
Please review the following videos to better understand both fiscal and monetary policies.
Fiscal Policy and Stimulus
Monetary Policy and the Federal Reserve
Discuss the primary goals of expansionary and contractionary fiscal policies and their effects on unemployment rates, inflation rates, interest rates, private investment, and GDP.
Discuss the goals of expansionary and contractionary monetary policies used by the Federal Reserve Bank and the approaches (called monetary policy tools) used to achieve each policy. Also, discuss the effect of each policy on GDP, price level, private investment (investment in capital acquisition by firms and housing by households), and net trade.
In your opinion, which policy is more effective, and why?

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read the paper and
1- write at least two connections, including a summary of the connections and discussion questions ( the connections could be ideas from cultural, social, political, and economic ideas

I have a quiz and 2 discussions that I need help with. Attached are the questions for the quiz, discussion 4 and a “reply from a student for clarification” , discussion 5 and the syallbus for the class