Questions:

Topic 1 Is today's post-Cold War era of Hyper-Globalisation and Neoliberalism different from the globalisation in the first Golden age of globalisation that began in the 19th century when European imperialism provided much of its political structure and the Industrial Revolution the technology? Also, why is it that in the recent past, global governance and globalisation and the relation between the two become a much discussed subject?

1. Using the concept of supply and demand, discuss the price of beef and where it is likely to go moving forward. What does your response suggest for the price of substitute products?

Read the article and share your thoughts on profit or value maximizing perspective of firms. Is the Friedman Doctrine Still Relevant in the 21st Century? https://www.chicagobooth.edu/review/friedman-doctrine-still-rele vant-21st-century (Links to an external site.)

Question 1: Refer to the graph below to answer the questions that follow. Price Per Unit 50 40 30 28 10 O 10 20 25 3 2 Quantity/n10 20 25 Quantity A. Write out the names of the curves represented by 1, 2 and 3 fully. Do not merely use the symbols. (3 marks) B. Identify the law curves 1, 2 and 3 obey. (1 mark) C. Justify why curve 1 lies above curve 2. (1 mark) D. Use points a and c and their respective price values to explain what the vertical gap between two points represents. (2 marks) E. How many products should be made if the producer wishes to achieve maximum labour efficiency? (1 mark) F. How many products should be made if the producer wishes to achieve maximum productive efficiency? (1 mark) G. Which market price would allow this producer to attain normal profit? (1 mark) H. Which market price would allow this producer to attain economic profit? (1 mark) 1. At which price should the producer consider closing down? (1 mark) (12 marks)

Assignment Instruction Topic: Events impacts on economy Description: Describe in detail the importance of events to the economy Provide one detailed example of an event that contributed to the economy. Provide another detailed example of an event that contributed to the economy Skills and creativity in your project References format: APA

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) Matching utility functions and indifference curve maps Consider the following 6 utility functions: a) For each, find the expressions for marginal utilities and the marginal rate of substitution, and determine whether monotonicity and convexity are met. b) Next, try to picture what indifference curves will look like, and see if you can find a matching graph below. [Try not to rely too much on brute force calculations of utility values – what if the grid was not shown and you couldn't easily identify the coordinates at any given point?]

Economic Systems You have been invited to a business expo at the H.J. Robinson High School where you are asked to give a presentation to the Grade 11 business students on economic systems. Specifically, you are asked to present on the following; "No country is said to be pure capitalist nor pure socialist." Discuss.

Suppose Mindy and Tulip are roommates. Mindy works part-time at Roberto's and can bring homefour carne asada burritos for free every week. Tulip works part time at Tapioca Express and can bringhome eight steamed pork buns for free every week. Use x to denote the number of burritos, and yto denote the number of pork buns. a. Suppose Mindy is always willing to trade one burrito (x) for two pork buns (y), regardless ofhow many she has. i. Draw a couple of her indifference curves in the graph. ii. Are Mindy's preferences convex? Tulip is also indifferent between having 4 burritos and no pork buns and having 8 pork bunsand no burritos. However, she would prefer to have 2 burritos and 4 pork buns instead. i. Draw a couple of Tulip's indifference curves (what they might plausibly look like – you don't have enough information to draw them precisely) ii. Are Tulip's preferences convex? c. Might the girls decide to share/trade food with each other? Find one possible exchange so that neither of the girls is worse off, and at least one of them is strictly better off. Consider the following possible specifications of utility functions: \text { i. Which of these functions is/are consistent with Mindy's initial preferences? } ii. Which utility function(s) is/are consistent with Tulip's preferences? [Hint: consider that indifference curves may look different from the way you drew them.]

Exercise 2 Read the slides and background literature on the topic of different types of economies of scale. Then please think of the organization you work for or one that you know well (like a previous job or the job of your partner, or some other organization you know a lot about). (15 points) Describe at least 3 diseconomies of scale in that organization. (5 points) Then make a judgment on whether you think the organization as a whole enjoys economies of scale overall at the margin': would the organization produce more than 10% extra if its size (in terms of people working for it, machines, offices, etc.) was 10% bigger? Argue why you think that is the case.