Hi, 

I need an answer to this questions.

1. Why do economists believe we live in a world of scarcity, while the economy at the same time must determine what goods and services will be produced, how will they be produced and who will receive these goods and services?

2. Please explain the concepts of supply and demand and how equilibrium is achieved?

3. Define price elasticity of demand and discuss how it is measured?

4. How do economists measure the satisfaction people derive from consuming goods and services, and why satisfaction declines the more we consume?

5. explain the conditions under which a market is considered perfectly competitive

6. What are the similarities and differences between the characteristics of the perfectly competitive and the monopolistically competitive markets? 

Thanks

1…In a centrally planned economy, all the resources are owned and managed bygovernment. Also Government decides what to produce, how much to produce and forwhom to produce.In a market economy,…

 

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Hi, I need an explanation about Marshallian money graph. Consider the case of two goods: Marshallian money y and good x. Let y be the numeraire good, so the price of y is py = 1. Let Px denote the price of good x. The initial endowment of money is M. And I need to know how to draw the graph when M = 20 and Px = [ (1, x<and equal to 10), (2, x>10)].

 

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Hi,

I need assistance answering there following question. Is there a formula that goes along with it? 

Stella plans to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 15.50 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan?

 

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Hi, I need assistance with the problem below. Please include all steps or provide an excel document with formulas:

Tufte Industries has a bond outstanding with 10 years to maturity, a 6% coupon paid semiannually, and a $1,000 par value. The bond has a 4% nominal yield to maturity, but it can be called in 5 years at a price of $1,060. What is the bond’s nominal yield to call?

Interests paid semi annually,Semi Annaully CouponCurrent PriceCallable PriceSemi annual Callable Period = Yield to Call == Bond’s Nominal Yield to call = (Coupon+(Callable Price-Current…

 

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Hi I need help answering the following question. Context is provided below.

1 a. Which developmental milestones were negatively impacted or may have been missed due to Jonas difficult childhood? 

*edit… added 2nd part to question: 1 b. Also, please explain. How might this have influenced who he is today? 

Synopsis of Jonas’ life:

6 months old – put up for adoption

6 months – 10 yrs- in and out of various foster care and group homes

10 yrs old – adopted

12 yrs old – sent to military school by adopted family to correct behavior

Sexually abused by male authority figure at military school

Jonas reported that he appreciated military school for the structure and found it comforting

The sexual abuse was described as “leaving an incredible mark on him”

Adopted home environment described as “immaculate, strict and neurotic.” In addition Jonas describes his adopted family as:

                                              i.    Father – cold, brutal, forbidding.

                                             ii.    Mother – could never please her

                                           iii.    Sister – 3 years younger and simply perfect

Jonas now as an adult, identifies as a gay male. His presenting problem that brings him to counseling is his anger problem regarding two particular events.

1. His anger (assault and vandalization of his partners property) toward his male partner when his partner started to become less interested in him and more interested in other men.
2. In addition, he has become unable to maintain a job and in this particular instance acted out by sneaking in after hours and destroying work property as a retaliation from being fired.

 

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