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• Exercise #1 or the utility function of a consumer: U = f(x, y)=3(X^2)Y 1. Calculate the marginal utilities of X and Y; 2. Determine the marginal rate of substitution; 3. Determine the demand functions of X and Y, 4. Determine the share of income that the consumer spends the acquisition of good X, then that devoted to the purchase of good Y.

Tape a meter stick to the side of the table. Make sure the zero end is on the floor. Carry out the experiment using the four drop heights you chose in task 1, part D. (You may want to have an adult drop the ball while you watch how high it bounces.) Perform three trials for each drop height, and record the data in the table. (You may choose to video the bounces and watch the video in slow motion to improve your data collection.) Finally, average the bounce height measurements to get a final reading. Round the average bounce heights to the nearest whole number.

When a car skids to a stop, the length in ft. of skid marks isrelated to the speed in miles per hour by L = 1/30h S^2

For drive concrete pavement, the value of h is .85

If a driver goes 65 miles per hour on a dry concrete jams on thebrakes and skids to a stop, how long will the skid marks be?

Sally is driving in Radiator Springs and makes a sudden stop.  The drag factor of the road is 0.6 and the brakes are operating at 99% efficiency. 

If she leaves tire marks that are 40 and 46 feet long, how fast was she going?

Outline the flow of goods and resources to and from economic decision-makers. One way to understand how the economy works is the circular flow model. This model demonstrates the flow of resources, goods, services, and income between households and businesses through the resource market and the market for goods and services. In a few paragraphs, please:

1) Identify the primary economic decision-makers.

2) Describe how money and resources are exchanged in the resource market, indicating who gets the resource, and who gets the income.

3) Describe how money, goods, and services are exchanged in the product and services market, indicating who receives the goods and services, and who gets the income.

4) In addition, give a brief description of any other participants in an economy that are not represented in this simple model.

Refer to the Circular Flow model resources provided below:

The Circular Flow Diagram; http://econperspectives.blogspot.com/2008/04/circular-flow-diagram.html

Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

http://study.com/academy/lesson/circular-flow-of-economic-activity-the-flow-of-goods-services-resources.html

Resource Market: Definition & Overview; http://study.com/academy/lesson/resource-market-definition-lesson-quiz.html

In addition, it should be written well using correct grammar, and references need to be properly APA formatted

For this assignment, you will

(1) Find a chart showing the economic growth of an economy in long run.

(2) Briefly discuss the history of economic growth of that economy.

(3) Finally talk about the factors driving economic growth.

Please find below the sample assignment.

Hong Kong GDP per capita (1961 - 2018)

In general, we observed the rising trend of GDP per capita of Hong Kong from 1961 to 2018. Modern history of economic growth of Hong Kong can be broadly divided into 3 phases.

1940s to early 1990s - Rapid industrialization

industrialization accelerated after 1945 with the inflow of money from Mainland China. Immigrants from Mainland China developed textile industry of Hong Kong. Hong Kong’s industry was founded in the textile sector in the 1950s and gradually diversified to clothing, electronics, plastics and other labor-intensive production mainly for exports.

Textile sector was the prominent industry of Hong Kong in 1950s

Early 1990s to early 2000s – Surge in service sector and reintegration into Mainland China

Manufacturing moved out of Hong Kong during the 1980s and 1990s, there was a surge in the service sector. Hong Kong’s economy transformed from manufacturing to services. Furthermore, Hong Kong’s integration with the mainland accelerated and Hong Kong became the main provider of commercial and financial services. From 1978 to 1997, trades between Hong Kong and the PRC grew at an average rate of 28% per annum.

Handover of Hong Kong from UK to China in 1997. This highlights the integration of the economy of Hong Kong with Mainland China.

Early 2000s to 2010s - Deepened reliance on China

Over the recent 20 years, Hong Kong economy has transformed from enhanced integration with China to deepened reliance on China. The four key industries, including financial services, tourism, trading and logistics heavily depend on the businesses with Mainland China. Hong Kong can maintain its economic growth during the global financial crisis primarily due to the help from Mainland China.

Is the economy of Hong Kong nowadays too reliant on the help from Mainland China?

Key factors driving economic growth:

Institutions: Low taxes, lax employment laws, absence of government debt, and free trade are all pillars of the Hong Kong experience of economic development.

Education: The government also pursued an ambitious public education program. By 1966, 99.8% of school-age children were attending primary school, and free universal primary school was provided after 1971. Secondary school provision was expanded in the 1970s, and from 1978 the government offered compulsory free education for all children up to the age of 15.

A dual economy is characterized by:

(a) Using the circular flow diagram, elaborate on the relationships among the
economic units of a closed economy with government intervention.
[15 marks]

can explain in wording and include circular flow diagram .....thanks [under macroeconomic]

1. The circular flow diagram is a model used to demonstrate how a given economic system functions through the interactions of 1st agent of economics and 2nd agent of economics. Identify the roles of each of these actors through a set of example.

Using a suitable diagram, draw and elaborate  the Circular Flow Diagram (Physical and non-Physical flow) in economies.        

Consider a market with the following supply and demand curves:
Qd= 100-4p
Qs=p-10
Suppose the government imposes on the buyer a tax of 5 dollars for each unit sold. What is the tax revenue raised and deadweight loss following the imposition of the tax?
a. Revenue = 40, DWL= 5
b. Revenue = 40, DWL= 10
c. Revenue = 45, DWL = 5
d. Revenue =45, DWL = 10

9. Consider a widget market with market supply and demand curves given by QS = -10 + 2P QD = 320 - 4P

a) Calculate the equilibrium quantity and price.

b) Now suppose the government imposes a $9 tax per widget. Calculate the equilibrium quantity and price.

c) Calculate the post-tax CS, PS, and DWL.

The demand and supply equations for a product are given by the following equations: Demand: QD = 50 -4P Supply: QS = -10 +2P Calculate the equilibrium price and quantity. Determine the quantity that will be bought and sold in the market if the Government imposes a price ceiling of $8? What if the ceiling is set at $11?

1. In a competitive market, the market demand is Q^d = 60 - 6P and the market supply is

Q^s = 4P. A price ceiling of $5 will result in a:

a) shortage of 10 units.

b) shortage of 30 units.

c) surplus of 30 units.

d) surplus of 12 units.

e) neither a shortage nor a surplus.

In a competitive market, the market demand is Qd = 150 - 2P and the market supply is Qs = 30 + 4P. A price ceiling of $16 will result in how much Q.

Market demand is given as QD = 220 – 4P. Market supply is given as QS = 2P + 40. What is the point
elasticity of demand if the price is $42?

Market demand is given as Qd = 200 – 4P. Market supply is given as Qs = 6P. What would result if the market price were $30