Economics

A TALE OF TWO BUSINESSES: A COMPARATIVE ANALYSIS OF TWO (2) BUSINESSES WITHIN A SIMILAR INDUSTRY, IN DIFFERENT GEOGRAPHICAL LOCATIONS BACKGROUND The decisions made by firms to compete and thrive in the market, are heavily influenced by their environments. Firms operate in different industries/market structures: Perfect Competition, Monopolistic Competition, Oligopolistic Competition and Monopoly Competition. Factors like the market size, target customers, products/services sold, and number of competitors can determine their behaviour and impact success (or lack thereof) over time. ASSIGNMENT REQUIREMENT You are required to select any TWO (2) businesses of your choice: ONE (1) local and ONE (1) international, operating in the same industry. You are expected to collect data regarding these selected businesses and then critically analyse and compare their competitive behaviours with respect to their own environmental factors. These findings together with relevant conclusions should be presented and submitted in a written report. The rubric provided with guide you in the content for the written report. the company that is locally which is in Jamaica is grace Kennedy limited and the international company is Heinz.

What is economics and how do economic concepts apply to your life? With the complexities of technology and the current global economy, it may be helpful to consider a simplified and hypothetical scenario of an ancient family of potters who lived in a remote area. While the family was skilled and efficient, they only needed a certain number of pots but still needed clothing, shelter, food, and more. After struggling to tend to their farm and being unable to sell any more pots in their area, the family moved to a village that was in need of pottery. In this village, the family no longer had to tend to the farm, build and renovate their home, or make clothing. By focusing on their skills, they were able to trade their pottery with other families who were skilled in those other areas. By collaborating with traveling merchants, the family was able to manufacture more pottery that was sold across the lands and brought wealth to the potter family. For this Assignment, you will explain basic economic concepts, such as how scarcity and incentives affect economic decisions, how marginal analysis affects allocation of time and resources, how the production possibilities frontier for countries can be impacted by opportunity costs, and if absolute advantage and specialization create opportunities for gains from trade. Provide an example of a scarce resource and a free resource. What are the key differences between the two? What can cause a free resource to become a scarce resource? Your response should be at least 75 words (1 paragraph) in length. Economists argue there is “no such thing as a free lunch,” yet you’ve just had lunch with a friend who paid for it. Are the economists incorrect? Explain using basic principles of economics. Your response should be at least 75 words (1 paragraph) in length. A manager notices the company’s sales personnel are offering its customers deals that, while increasing revenues, are lowering profits. After reviewing the company’s compensation plan, the manager finds bonuses are based on sales revenue. Explain the sales personnel’s behavior using the economic principle that “people respond to incentives” and recommend a change to the compensation plan to correct this problem. Your response should be at least 75 words (1 paragraph) in length. You have 8 hours to study for two final exams. The exam for course A is worth 25% of your grade and the exam for course B is worth 50% of your grade. The first hour you spend on studying for either exam will increase your score on it by 10 percentage points, the second hour will increase your grade on it by an additional 9 percentage points, the third hour will increase your grade on it by an additional 8 percentage points, and so forth. How will you allocate your time? Explain your answer in terms of marginal analysis. Your response should be at least 75 words (1 paragraph) in length. How do increasing opportunity costs affect the shape of the production possibilities curve? Provide an example that illustrates the concept of increasing opportunity costs. Include a graph or illustration to support your answer. Your response should be at least 75 words (1 paragraph) in length, plus the graph or illustration. Assume country A has an absolute advantage in producing all products compared to country B but country B has a comparative advantage in producing several products. Are there opportunities for gains from trade? If so, what determines the direction of trade? Your response should be at least 75 words (1 paragraph) in length. Explain how international trade allows a country to move beyond its production possibilities frontier and create gains from trade. Your response should be at least 75 words (1 paragraph) in length

The paper should provide a general understanding of Managerial Strategic Behavior and link that to a specific company as an example (any Fortune 500 company except for Apple or Amazon) Introduction: State your thesis and the purpose of your research paper clearly. Explain briefly the major points you plan to cover in your paper, and why readers should be interested in your chosen topic. Body: This is where you present your argument to support your thesis. Conclusion: Restate your thesis. Summarize your arguments. Explain why you have reached your conclusion.

Think about any significant purchases you have made that have required compromise on your part—perhaps a car, a house, a set of furniture, a new computer or other electronic device, or even your decision to pursue a college education. When you were considering your purchases, what trade-offs did you think about? In other words, what were the compromises or sacrifices you had to make in order to acquire the thing you wanted to purchase? How did the trade-offs influence your choices? To prepare for this Discussion: Choose a recent purchase of yours to consider for your initial response to this Discussion prompt. Try to use an example in which the compromises were either clearly worth it—or clearly not worth it. Consider your reasons for making the purchase and how you weighed the pros and cons of your decision

For this assignment, first read the article “International Trade: Pros, Cons, and Effect on the Economy”. The article mentions, among other things, that international trade is slowing. Article is here: https://www.thebalance.com/international-trade-pros-cons-effect-on-economy-3305579 1. Analyze the article and discuss the statements made by the author; 2. Back up your agreement/disagreement with your own research. 3. For your research, use the LIRN library resource – do not use the internet! Make sure your sources are reputable and peer-reviewed. 4. Minimum word count: 600 words; 5. Include a cover page and a separate reference page listing the sources used. 6. Include an introduction and a conclusion.

What is the relationship between Pigovian taxes and market failure? How do Pigovian taxes internalize externalities? Suppose that we are able to identify that the external cost of driving cars is $5,000. How can we use a Pigovian tax to internalize this external cost? Use a graph to illustrate. Explain fully why the private sector of a free enterprise economy cannot produce public goods such as lighthouses. The fishery is the most important common property resource in Canada. Why is it so difficult to prevent over?fishing when the evidence is clear that over?fishing will destroy the fishery? What kinds of policies have Canada used to protect the fishery? The media often claims that high-income Canadians pay the same or lower taxes than low-income Canadians. Is this a valid claim? Why or why not? Compare a Canadian earning $40,000 per year with a Canadian earning$80,000 per year. Would the higher-income Canadian pay the same amount of tax? Twice as much tax? Or more than twice as much tax? Explain. Explain why marginal tax rates in Canada are higher than average tax rates.

The essay is focused on the question: “How did the United States address the challenges of the Great Depression (1929-1933) and the Great Recession (2007-2009); are there parallels between the two? What lessons can be learned from these 2 events that can help address the economic situation today (economic fall because of the Covid-19 Pandemic)? I have to use at least two primary sources and the rest could be secondary sources. Use as one of the primary sources (has to be used): Eric Rouchway, The Great Depression and The New Deal: A Very Short Introduction https://www.overdrive.com/media/3714916/the-great-depression-and-the-new-deal-a-very-short-introduction The document that I am attaching has a written paragraph about Eric Rouchway’s book listed above. This paragraph has to be incorporated into the paper. It could either be used as it is or fixed and modified a little, but should be left with the same idea and information. Can also use (not necessary if not needed): http://bostonreview.net/politics/eric-rauchway-obamas-original-sin Requirements: five to six-page essay, double spaced, Times New Roman font size 12.

Aviation Economics Hello, and thank you for reading. This class is economics related to the aviation industry. Airfare pricing structure is a complex issue, since empty seats cost the same as filled seats. Please include various economic topics such as: Sunk costs (e.g. empty seats) Oligopoly (this is the economic market airlines belong to) Competition Barriers to entry Pricing Subsidies (Boeing and Airbus receive substantial subsidies from their governments) Supply and Demand equations Economies of Scale and Scope Thank you so much. The paper (1) must be eight (8) pages typed and double spaced (not including a Title Page or a References page) with at least five (5) cited references in addition to the course text.

An underground economy exists in the U.S. Please review the “applying the analysis” segment on pages 105-106 regarding the underground economy. There is much debate in certain regions of the U.S. pertaining to the economic impact of legalizing marijuana. Thus, the purpose of assigning the segment is to provide some basis for the ongoing debate. 1. How would decriminalization of drugs instantly increase a nation’s real GDP? 2. In your opinion, why does the U.S. have one of the smallest underground economies? 3. Why is it important for a nation to have a very small underground economy?

Many people support increased use of clean energy such as solar and wind energy. However, there are often conflicts between increased production of clean energy and other environmental goals. For example, a large solar farm in the Mojave Desert of California, the Ivanpah plant, has been criticized for harming the desert tortoise (https://www.sfchronicle.com/opinion/article/California-s-energy-goals-collide-with-the-6654981.php (Links to an external site.)) and incinerating birds (https://www.sciencealert.com/this-solar-plant-accidentally-incinerates-up-to-6-000-birds-a-year (Links to an external site.)), while wind farms are estimated to kill hundreds of thousands of bats and birds annually (https://abcbirds.org/wind-energy-threatens-birds/ (Links to an external site.)) and involves use of rare earth metals that need to be mined, primarily in other countries (https://www.sustainalytics.com/esg-blog/implications-rare-earth-wind-energy-market/ (Links to an external site.)) Should the government subsidize increased solar and wind energy production? In a post of about 350-400 words, take a position on this question and address this conflict between clean energy and harm to the environment and what you think would be the most efficient way to balance these conflicting environmental goals. Consider the economic issues involved such as the role of property rights, the general role of government in supporting clean energy and also protecting wildlife, and the potential for a negotiated solution between energy companies and environmental groups. Utilize resources on both sides of the issue to support your proposal.