Comparative advantage and absolute advantage in the Philippines, 5 examples of each using your own words.

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Comparative advantage and absolute advantage in the Philippines, 5
examples of each using your own words.

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Consider the following normal form game: 1/2 ----L-----------R U----(1,1)-------(-2,6) D----(6,-2)------(-1,-1) What difference does it make if the game is played only once or is repeated an infinite number of times? Show that, with infinite repetitions, an average payoff pair (2, 2) can be obtained if the players alternate between two different strategy pairs. Show that the average payoffs (2, 2) are also enforceable if the players follow a simple trigger strategy.
Calculate the average return, variance, standard return deviation and coefficient of variation for each of the listed securities in
Kinkead Inc. forecasts that its free cash flow in the coming year, i.e., at t = 1, will be −$10 million, but its FCF at t = 2 will be $20 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. If the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
* Discuss the difference between individual and market demand. 2. How does the study of managerial economics help a business manager in decision-making? Illustrate your answer with example from output and pricing issues. * Explain the difference between micro and macroeconomics? * State why managerial economics should be thought of as applied microeconomics? * Explain the difference between short run and long run production. * What does perfect completion mean? State few assumption of perfect competition. * Discus the idea of wealth- maximization objective of the firm and its relevance comparing to that of the profit maximization objective? * Why do monopolies arise in the market? * Discuss the types of price discrimination using example. * Explain the difference between market segmentation and targeting strategies.
The accompanying table shows the price and yearly quantity sold of souvenir T-shirts in the town of Crystal Lake according to the average income of the tourists visiting. Price of T-shirt Quantity of T-shirts demanded when average tourist income is $20,000 Quantity of T-shirts demanded when average tourist income is $30,000 $4 3,000 5,000 5 2,400 4,200 6 1,600 3,000 7 800 1,800 a. Using the midpoint method, calculate the price elasticity of demand when the price of a T-shirt rises from $5 to $6 and the average tourist income is $20,000. Also calculate it when the average tourist income is $30,000. b. Using the midpoint method, calculate the income elasticity of demand when the price of a T-shirt is $4 and the average tourist income increases from $20,000 to $30,000. Also calculate it when the price is $7.
What constitutes inventory? Discuss the benefits of inventory management.
Illustrate consumer and producer surpluses with demand and supply diagrams and explain how to maximize the total surplus (consumer surplus + producer surplus) at the equilibrium level.
Assume a closed economy and no government. Also assume consumption C=50-0.8Yd and investment I=80 a) derive the equation for saving b) find the equilibrium output c) what is the implied multiplier