The 2002 World Development Report provides the following information for Colombia and Thailand:Data is given in the attached file.(a) Explain carefully what each of the entries in the final four columns of this table measures. What concepts are being presented and what is their importance to economic development?(b) The table above shows that Colombia and Thailand are roughly at the same level of economic development […]

1. Price skimming strategy is a new product strategy that results in a high initial product price being reduced over time as demand at the higher price is satisfied. Research a product or service that may have entered the market with a high initial price and now the demand at the higher price is satisfied. Discuss why you believe consumer demand has changed for this […]

Unit 4 Writing Assignment Prompt: After completing the lecture and reading assignments, write a response to the questions following the case at the end of Chapter 8, Onboarding at Twenty-First Century. Include at least one (1) biblical example to support your answers. Do not use the questions in your response. Requirements: Response must be a minimum of 500 words; APA format. The case and questions […]

The Ruby Red Movie Theater in town is in jeopardy of having to close its doors because it is unable to generate enough total revenue. In an effort to generate more revenue, the movie theater manager decided to change the prices this month for drinks, popcorn, candy, hot dogs, and movie tickets.The manager would like for you to analyze the data that has been collected […]

The Ruby Red Movie Theater in town is in jeopardy of having to close its doors because it is unable to generate enough total revenue. In an effort to generate more revenue, the movie theater manager decided to change the prices this month for drinks, popcorn, candy, hot dogs, and movie tickets.The manager would like for you to analyze the data that has been collected […]

Discussion BoardRead and consider the Willingness to Pay example in Section 7-1 (Chapter 7 Section 1).Now find and evaluate the willingness to pay, consumer surplus, demand, producer surplus, cost and willingness to sell of your own example. (products to consider: online ticket sales to sporting events, Vegas shows, eBay products, etc).

(Question 1)Imagine a new infectious disease emerges, called MARS-21. Every individual has a 5% chance of contracting MARS-21, and all people face equal risk of infection. Treatment costs $50,000 but is effective, fast, and fully curative – so individuals only consider the financial costs of MARS-21 when evaluating their best course of action.Now, imagine a vaccine exists, which reduces your risk of infection to 1%.Someone […]

(Question 1)Imagine a new infectious disease emerges, called MARS-21. Every individual has a 5% chance of contracting MARS-21, and all people face equal risk of infection. Treatment costs $50,000 but is effective, fast, and fully curative – so individuals only consider the financial costs of MARS-21 when evaluating their best course of action.Now, imagine a vaccine exists, which reduces your risk of infection to 1%.Someone […]

Using Excel and data from the Angus Maddison Project[1], complete the following:(a) Plot the evolution of GDP per capita of Canada, the USA and a third country of your choosing, from the earliest possible year until 2016. Briefly comment on these time series.(b) Using these three countries, create a scatter plot, with GDP per capita in 1950 on the horizontal axis, and the growth rate […]

ASSIGNMENT NUMBER TWO1.i)Trusts Fisheries is an upcoming fish farmer specializing in the production of red bream. The Marketing department has determined the following cost structure per kilogram of fish produced. _ Variables cost per Kg K15.00_ The fixed costs for period is K20.00_ Selling price per Kg is K25.00 Questions: a)Deriver the total cost function and revenue function (4 marks)b)Determine the break-even point in kgs.(4 […]

(2 points) Read Article 2 to answer questions 5 and 6: Acemoglu, Daron, Francisco Gallego, and James A Robinson. 2014. Institutions, Human Capital and Development, Annual Reviews of Economics 6: 875-912.(a) Colonial experiences provide better human capital of developing countries do you agree? Provide your explanation after reading article 2. (Word limit 250).(b) Summarize the relationship among institutions, human capital accumulation, and long-run economic development. […]