Market Structure: Perfect Competition and Monopoly

Question 5
The above diagram illustrates the short run cost curves for Sarah Mat, a rice farmer in Queensland. Calculate the profit or loss for Sarah Mat and, examine the key characteristics for perfect competition firm with reference to Sarah’s farm.(10 Marks)
Attachments:
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Your goal: to advise them on how to be cost-efficient, be more competitive in the market, grow the business, and design their pricing and non-pricing strategies.
In essence: you will develop ideas to make that business more successful, and more resilient and long-lasting, even in fierce competitive situations or in very difficult economic conditions. You will present it in a report (see sample report in the ‘Questions: research report’ document.
(i) published data you find about the business on the Internet— their website, possibly with photographs of their premise, location, how many staff they employ (you can just judge this yourself, if that information is not available), online information about their products or services. See the ‘questions: research report’ document again, instruction no. 3.
You may not be able to get all of these but get as much information as you reasonably can. Use your judgement for the rest or rely on past visits to the shop or store (or what people told you about visits to the store). You do not need to be very precise.
(ii) the business should be a business in Sydney or Manly.

Instruction:
1) The answers of the assignment must be printed.
2) Make sure that the content of your answers is clear and understandable.
Question 1)
The Oslo Accords (including the Protocol on Economic Relations) signed in 1994 had set the stage for the National Palestinian Authority (NPA) to assume political and economic sovereignty in major WBG cities. Although, the skewed integration withOccupation state )Israel( economy (the dependence on) Israeli( economy) did not structurally change. The Palestinian Central Bureau of Statistics (PCBS) have published data for national accounts for this period:
http://www.pcbs.gov.ps/site/lang__ar/507/default.aspx
Use the data posted in this web-link to answer the following questions:
1) Use graph to describe changes in real GDP between 2004 and 2014.
2) Use pie graph to describe the share of GDP components in 2014.
Question 2)
The relative recovery of the Palestinian economy prevailed in the 90s was cut short by the breakout of the Second Intifada in September 2000. Following this date, Palestinians endured devastating measures including, relentless Israeli internal and external closures, loss of land and other natural resource, an astronomical rise in unemployment, mainly due to the termination of labor inflow to Israel, and the purposely destruction of physical infrastructure by Israel.
Based on the data posted on:
http://www.pcbs.gov.ps/site/lang__ar/507/default.aspx
2008. a) Use graph to describe changes in real GDP between 2000 and 2008.
2009. b) What is the GDP component that cause the change in read GDP between 2000 and 2008.
Question 3)
In short, talk about the most important provisions of Paris economic agreement ( Paris Protocol) signed in 1994, explain its effects on the Palestinian economy.

Analyze the baseline model of Schumpeterian growth in Section 14.1 assuming that (14.5) is not satisfied.
(a) Show that monopolists set a limit price.
(b) Characterize the BGP equilibrium growth rate.
(c) Characterize the Pareto optimal allocation, and compare it to the equilibrium.
(d) Now consider a hypothetical economy in which the previous highest quality producer disappears, so that the monopolist can charge a markup of 1/(1- ß) instead of the limit price. Show that the BGP growth rate in this hypothetical economy is strictly greater than the growth rate characterized in part b. Explain this result.

Students who successfully complete this subject will be able to:
1. demonstrate an advanced level of understanding of theories that propose exogenous drivers of economic
growth to explain economic growth differences;
2. demonstrate integrated knowledge of theories that propose endogenous drivers of economic growth to
explain economic growth differences and recognise that social and environmental issues are inextricably
linked to economic growth;
3. contrast real economic data on theory-informed drivers of economic growth in a rich and a poor country
to design advanced-level and integrated economic growth policy recommendations for the poor country.
These outcomes will contribute to your overall achievement of course learning outcomes. Your course learning
outcomes can be located in the entry for your course in the electronic JCU Course and Subject Handbook 2020 (click
on ‘Course Information’ bar/ select ‘Undergraduate Courses’ or ‘Postgraduate Courses’/ select relevant course/
scroll down to ‘Academic Requirements for Course Completion’, ‘Course learning outcomes’).
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Case Study 1. Describe the destination with reference to location, size, demographics, governance and a brief history of tourism development. (20 marks) 2. Discuss the major impacts of Covid 19 on tourism for the destination, including social, cultural, political, economic and environmental. In this discussion, provide various examples & compare different states for each impact and the measures in place to minimise the negative and maximise any positive aspects of these impacts. (40 marks) 3. Analysis the communication between; global tourism networks, national and local tourism organisations, private business and the community, and its importance, for a destination, during the Covid 19 crisis. (20 marks) 4. Examine the role governmental leadership, in the destination, has taken in supporting the tourism industry during the Covid 19 crisis. (20 marks)

Consider the US quarterly real gross national product from the first quar-
ter of 1947 to the third quarter of 2011. The data are in the file q-GNPC96 txt,
seasonally adjusted, and in billions of chained 2005 dollars. Let xt be the
growth rate series of the real GDP.
The ar command identifies an AR(4) model for xt via the AIC cri-
terion. Fit the model. Is the model adequate? Why?
The sample PACF of xt specifies an AR(3) model. Fit the model. Is
it adequate? Why?
What is the model for xt if one uses in-sample model comparison?
Why?
Divide the data into estimation and forecasting subsamples using
the fourth quarter of 2000 as the initial forecast origin and apply the
backtesting procedure with MSFE as the criterion. Select a model
for xt. Justify the choice.
To answer questions in Problems 3, (a) use 5% significance level in
tests, and (b) use 10 lags of serial correlations for return series.

Pick one question to answer only.
1. How can states respond effectively to cyber-attacks originating beyond their own borders?
Compare and evaluate responses of two or three different governments.
2. How have the Internet and cyber-weapons
impacted on-going conflicts, and how will they
impact conflicts in the future? Respond using
multiple recent, ongoing, or potential future
conflict scenarios.

Write a MATLAB code (.m file) to compare the bit error rate of (15,11) Hamming code and ¼-convolutional code in addition to the performance of uncoded system. The simulation parameters are shown below:

1. Daily foreign exchange rates (spot rates) can be obtained from the Federal Reserve Bank of New York. The data are the noon buying rates in New York City certified by the Federal Reserve Bank of New York. Consider the exchange rates between the U.S. dollar and the British pound and Japanese yen from January 2, 2007 to November 30, 2011.
(i) Compute the daily log return of each exchange rate.
(ii) Compute the sample mean, standard deviation, skewness, excess kurtosis, minimum, and maximum of the log returns of each exchange rate.
(iii) Obtain a density plot of the daily log returns of Dollar-Yen exchange rate.
(iv) Test H0 : = 0 versus Ha : 6= 0, where denotes the mean of the daily log return of Dollar-Yen exchange rate. Use the 5% significance level to draw the conclusion. If not specifically specified, use 5% significance level to draw conclusions in the exercises.
2. Consider the US quarterly real gross national product from the first quarter of 1947 to the third quarter of 2011. The data are in the file q-GNPC96.txt, seasonally adjusted, and in billions of chained 2005 dollars. Let xt be the growth rate series of the real GDP.
(a) The ar command identifies an AR(4) model for xt via the AIC criterion. Fit the model. Is the model adequate? Why?
(b) The sample PACF of xt species an AR(3) model. Fit the model. Is it adequate? Why?
(c) What is the model for xt if one uses in-sample model comparison? Why?
(d) Divide the data into estimation and forecasting subsamples using the fourth quarter of 2000 as the initial forecast origin and apply the backtesting procedure with MSFE as the criterion. Select a model for xt. Justify the choice.
To answer questions in Problems 3, (a) use 5% significance level in tests, and (b) use 10 lags of serial correlations for return series.
3. Consider the daily stock returns of Procter & Gamble from September 1, 2001, to September 30, 2011. The simple returns are available from CRSP and in the le d-pg-0111.txt. Transform the simple returns to log returns.
(a) Is there any serial correlation in the log returns?
(b) Fit an MA model, where the maximum order is Q = 20, to the log returns to remove serial correlations. Write down the fitted model. Is the model adequate?
(c) Let rt be the residuals of the MA model and xt = 100*rt. Is there ARCH effect in xt?
(d) Fit an EGARCH model to xt. Perform model checking and write down the fitted model.

Case Study 1. Describe the destination with reference to location, size, demographics, governance and a brief history of tourism development. (20 marks) 2. Discuss the major impacts of Covid 19 on tourism for the destination, including social, cultural, political, economic and environmental. In this discussion, provide examples of each impact and the measures in place to minimise the negative and maximise any positive aspects of these impacts. (40 marks) 3. Analysis the communication between; global tourism networks, national and local tourism organisations, private business and the community, and its importance, for a destination, during the Covid 19 crisis. (20 marks) 4. Examine the role governmental leadership, in the destination, has taken in supporting the tourism industry during the Covid 19 crisis. (20 marks)

One of the most popular questions that I often come across is “Where can I get someone to help me solve my tough Business Case Studies and Report Writing Assignments Online ?” or “Which is the best and affordable website for homework help where tutors give discounts throughout the year?” Well the answer is simple – Homework Nest. I have tried it and can testify without hesitation. Last time I was facing it rough on coming up with my PHD thesis ideas and research and Homework Nest Tutors came in hand. You see, College life is not a walk in the park especially for those who double it with a day job to keep their bills on check. You can find the best ElantSolutions Business Case Studies and Report Writing Assignments Online at Homework Nest. You can also find the best Varsity Tutors for psychology and philosophy college assignments at Homework Nest. I will also add that you can find the best TransTutors for psychology and philosophy college assignments at Homework Nest. All Homework and assignments are handled in minutes. In conclusion, the Best Known Website for Helping with College Homework for students is Homework Nest. If your homework deadline fast approaching and you do not have time? I used Homework Nest (https://www.homeworknest.com/) to Ace My Homework and Got As in my Final Exams. Hey, all the tutors are verified!
What does the name of the IS curve stand for? Note the following identity might give you some hint:
My to break the left-hand side of the above equation into three kinds of savings. We have discussed under the consumption model the idea of precautionary savings. Does the idea of precautionary saving apply to the government level and/or the country level? Be creative and please give some concrete examples.
• Brazil’s Economic Structure’s Critical Overview.
• America’s Economic Structure’s Critical Overview.
• Evaluation of China’s Trade Policies and Economy.
Who wrote this article, when, how did they gather this information? Did they provide Apple with this information and ask them to comment on their data?

Profile Apple:
How many products and what kind does it produce
What year did Apple move to global supply chains and why? What do they claim about foreign workers and factories

What is Apple’s strategy for production? Which other industries follow this model?

What is the rationale for this? How does Apple relate this to innovation?

How many workers are employed by foreign contractors in producing Apple products?

How many workers are employed in US by Apple? Overseas?

What is Apple’s profit per employee?

At the time of this article, what is the current value of the stock? What has been the increase in value since 2005? Before the impact of the Coronavirus?

What is an example of a manager’s salary package? What is Tim Cook’s package?

Use the NBS production table and production possibility frontier to answer the following questions: A. Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing 10,000 more tons of rice? (3 marks) B. Use the graph below to answer the questions that follow:
• Analytical Study of the supply and demand
• Economics as a science.
• Consumerism Impact and Evolution.
•
• Interest rate as a political factor in an organization.
• Impact of Unemployment in today’s economy.
• Illegal Immigration affecting a country’s Economy.
• Impact of Supply and Demand on Pricing.
(a) Is there a difference between the price of oil in the market for oil and the price of reserves in the market for reserves? Explain. (b) What is the Hotelling Rule? (c) Does it assume profit maximization by owners of oil deposits? (d) What does it imply about the price at which oil is sold over time? (e) How would you expect non-renewable resource by a monopolist to differ from extraction by a price-taking firm? (f) With a pollution externality, Pigou demonstrated that the presence of a harmful real externality leads private decision making by a profit-maximizing firm to generate an outcome that is not socially optimal. Is that also the case with the inter-temporal externality associated with extraction of this non-renewable resource – is the profit maximizing extraction also not socially optimal? Explain. (g) Is socially optimal extraction of a non-renewable resource sustainable? Lecture: Non-Renewable Resources – Economics of oil 2 (a) A non-renewable resource firms owns two deposits of copper, where the potential amount of copper in the deposits are the same but one is located at a shallower depth and has a lower cost of extraction. How should it exploit those two resources? Should it extract some copper from each deposit every year, or should it do something different? Describe the extraction strategy it should employ, and the underlying economic rationale. (b) Has the world price of oil risen, from 2000 to now, approximately at the interest rate, as a simple version of the Hotelling rule would suggest? (e) If not, why not? What factors could explain this?

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