You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows: Technology (Web design and maintenance) $5,000 Postage and handling $1,000 Miscellaneous $3,000 Inventory of cookbooks $2,000 Equipment $4,000 Overhead $1,000 Part I 1 graph plus calculations You must give up your full-time job, which paid $50,000 per year, and you worked part-time for half of the year. The average retail price of the cookbooks will be $30, and their average cost will be $20.Assume that the equation for demand is Q = 10,000 – 9,000P, where Q = the number of cookbooks sold per month P = the retail price of books. Show what the demand curve would look like if you sold the books between $25 and $35. Part II Address the following questions: What is the elasticity of the demand for cookbooks bought this way? Is the business worth pursui

You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows: Technology (Web design and maintenance) $5,000 Postage and handling $1,000 Miscellaneous $3,000 Inventory of cookbooks $2,000 Equipment $4,000 Overhead $1,000 Part I 1 graph plus calculations You must give up your full-time job, which paid $50,000 per year, and you worked part-time for half of the year. The average retail price of the cookbooks will be $30, and their average cost will be $20.Assume that the equation for demand is Q = 10,000 – 9,000P, where Q = the number of cookbooks sold per month P = the retail price of books. Show what the demand curve would look like if you sold the books between $25 and $35. Part II Address the following questions: What is the elasticity of the demand for cookbooks bought this way? Is the business worth pursui

You have been tasked to write a briefing memorandum for the US Secretary of State, to assist him in his forthcoming international negotiations that cover trade issues. While the Secretary of the Treasury will lead the negotiations, the Secretary of State wishes to be informed on the best available evidence on the impact of trade liberalization on domestic economic activity. A number of briefing memoranda will cover the range of issues. Your task is specific. The objective of the memorandum is to provide the Secretary of State with an assessment of a body of technical evidence on the impact of changes in trade regimes over the past twenty years on factor earnings. Specifically, the question is whether trade can be held responsible for widening income inequalities in developed countries. Your briefing should explain both what trade theory would lead you to expect, as well as to provide an assessment of the empirical evidence that covers the experience of both developed, and emerging mark

You have been tasked to write a briefing memorandum for the US Secretary of State, to assist him in his forthcoming international negotiations that cover trade issues. While the Secretary of the Treasury will lead the negotiations, the Secretary of State wishes to be informed on the best available evidence on the impact of trade liberalization on domestic economic activity. A number of briefing memoranda will cover the range of issues. Your task is specific. The objective of the memorandum is to provide the Secretary of State with an assessment of a body of technical evidence on the impact of changes in trade regimes over the past twenty years on factor earnings. Specifically, the question is whether trade can be held responsible for widening income inequalities in developed countries. Your briefing should explain both what trade theory would lead you to expect, as well as to provide an assessment of the empirical evidence that covers the experience of both developed, and emerging mark

Attached Files: File ECON 521_Lec 9.pptx (1,001.077 KB) Read chapter 16 (conduct of monetary policy) from the textbook and Lecture 9 from blackboard. You also need to do your own research about the conduct of monetary policy and its goals. Discuss the following monetary policy goals and how central banks try to achieve them. Price Stability (inflation Targeting High employment and output stability Economic growth Stability of financial markets Interest-rate stability Stability in foreign exchange markets A minimum of three pages is required.

Attached Files: File ECON 521_Lec 9.pptx (1,001.077 KB) Read chapter 16 (conduct of monetary policy) from the textbook and Lecture 9 from blackboard. You also need to do your own research about the conduct of monetary policy and its goals. Discuss the following monetary policy goals and how central banks try to achieve them. Price Stability (inflation Targeting High employment and output stability Economic growth Stability of financial markets Interest-rate stability Stability in foreign exchange markets A minimum of three pages is required.

A project engineer is assigned to provide computer networking and internet access to an office building. After research various equipment suppliers� two alternatives are detailed for further economic analysis. Alternative A is a wireless network with lower acquisition costs but higher operational costs. Alternative B is a wired network with low operational costs but higher equipment and installation costs. The costs associated with each of two alternatives are outlined below. Alternative A Wireless Network Alternative B Wired Network Design $1,000 Design $2,000 Equipment $1,000 Equipment $2,000 Installation $ 500 Installation $2,000 Upgrades $500 per year Upgrades $0 M & O* $500 per year M & O* $100 per year Salvage $200 Salvage $100 Service Life 6 years Service Life 9 years * Maintenance and Operation Q. Using the information provided above, determine which alternative to recommend using Present Worth analysis. Conduct the analysis twice, once for the least common multipl

This assignment will require you to do a bit of reading and research, so it may take you longer than the typical homework to complete. Trust me, you don’t want to start it the night before it is due! For this assignment, you will be using the Naked Economics text to understand applications of the concepts we have been learning in class and come up with some real world examples of your own. Our goal is to think critically in order to connect what might seem like abstract microeconomics to your everyday life. By the end of it, no one will feel like asking me, ‘When am I ever going to use this stuff?!’ (Right?) There are three parts to the assignment – (1) Concept, where you will summarize the relevant material, (2) Text, where you will draw on examples from the Naked Economics text, and (3) Application, where you will come up with some relevant examples of your own. Part 1 – Concept First, choose one of the concepts from class that interests you from the list below. The topic y