{"id":1464,"date":"2024-08-16T11:26:54","date_gmt":"2024-08-16T11:26:54","guid":{"rendered":"https:\/\/assignmenttask.com\/tutorhelp\/?p=1464"},"modified":"2024-08-16T11:26:54","modified_gmt":"2024-08-16T11:26:54","slug":"sadegh-kharazmi-assignment-answers-to-questions","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/tutorhelp\/sadegh-kharazmi-assignment-answers-to-questions\/","title":{"rendered":"Sadegh Kharazmi Assignment Answers to Questions"},"content":{"rendered":"
\n
Name<\/b><\/dt>\n
Sadegh Kharazmi<\/dd>\n
Address<\/b><\/dt>\n
241 Harbour Esp
\nDocklands, VIC 3008
\nAustralia<\/dd>\n<\/dl>\n
\u00a0IP Address<\/b>101.176.88.143
\n(Australia)<\/strong><\/span><\/h5>\n

Bellow requirement is published on our website with the permission of the above Candidate.<\/p>\n

Assessment
\nThis assignment contributes 20% to the final assessment in this subject. This assignment will be marked out of 40. Marks for each part and question are indicated.<\/p>\n

Word Limit
\nThis assignment should be no longer than 2000 words (excluding diagrams, tables, footnotes and referencing). Please keep within the word limit; marks may be deducted if the assignment is too long.<\/p>\n

Cover sheet
\nEnsure you put a cover sheet on your assignment identifying the student name, ID number, tutor name, and tutorial time.<\/p>\n

Due date
\n10 am on 30 September 2016<\/p>\n

Instructions for Assignment
\nThe assignment should be the student\u2019s work and should not have been submitted previously for assessment in another course. The assignment mark will be posted on the subject homepage after the marking has been completed.<\/p>\n

The assignment must be submitted electronically using the Assignment Tool, which can be
\naccessed from the LMS subject home page.<\/p>\n

Students seeking an extension of time to complete the assignment due to health or other genuine personal reasons should approach the MBS Student Centre for advice and complete an Application for Extension of Time to Complete Assignment which can be accessed from this link:<\/p>\n

The subject lecturer does NOT grant extensions of time.<\/p>\n

All references should be cited in the text and listed at the end of the assignment. Any standard referencing system, such as APA or Harvard, can be used.<\/p>\n

Some general hints
\nThe objective in this assignment is to answer questions 1-5 and do the case study. So, the most important piece of advice is to do what the questions ask.<\/p>\n

For example, some questions ask you to apply the demand\/supply model to answer questions about changes in 1
\nmarket outcomes.<\/p>\n

To answer these questions, you should explicitly use the concepts of demand and supply and equilibrium price and quantity traded.<\/p>\n

Use diagrams whenever possible. You don\u2019t need to state definitions of any concepts, such as demand and supply or equilibrium. Assume that your tutor knows what these concepts mean. Instead, the assignment is trying to test your knowledge of the concepts by how you apply them in answering the questions.<\/p>\n

To complete the assignment, you should revise your lecture notes and the relevant sections of the textbook and read the excerpts from the articles included with the questions.<\/p>\n

Assignment Questions
\nPart A (1000 words)
\n(20 marks)<\/p>\n

Question 1 (4 marks)
\nRefer to articles on online music streaming in Attachment 1. What do the articles suggest about the relationship between (a) music streaming and music downloads, and between (b) music streaming and CD\u2019s. Use the supply and demand model to explain and illustrate these relationships.<\/p>\n

Question 2 (4 marks)
\nRefer to Attachment 2, \u2018Essential drugs get cheaper as Govt. fixes price ceiling of 530
\nmedicines\u2019 and answer the following questions:<\/p>\n

(a) Use a supply and demand model to explain and illustrate the effect of the price ceiling on
\nthe medicine market in India. What effect does it have on the price and quantity of
\nmedicines produced?
\n(b) Who benefits and loses from the price ceiling, and will society be better off? Explain
\nand illustrate your answer.
\nQuestion 3 (4 marks)
\nRefer to Attachment 3 \u2018 \u2018Thailand’s rubber subsidy: Is this time different?\u2019 and answer the
\nfollowing questions:<\/p>\n

2
\n(a) Use a supply and demand model to explain and illustrate the effect of the price support scheme for rubber. What impact does it have on the price and quantity of rubber produced?
\n(b) Who benefits and who loses from the price support scheme, and will society be better off? Explain and illustrate your answer.<\/p>\n

Question 4 (8 marks)
\n(a) How are fixed costs and SR marginal costs of supplying radiology services likely to differ between production methods without (\u2018old method\u2019) and with (\u2018new method\u2019) computer storage and online transmission of data? Draw a graph showing the SR average cost of production for each production method for different numbers of patients.
\n(b) Assume that the radiology business is perfectly competitive. Suppose the industry is<\/p>\n

initially in long-term equilibrium with all firms using the old production method. Then the new method of production becomes available.
\n(i) Describe the industry’s adjustment process from the initial long-run equilibrium to a new long-run equilibrium where firms are using the new production method.
\n(ii) How does the new long-run equilibrium differ from the initial long-run equilibrium? Specifically, what is the effect on the market equilibrium price, market quantity traded, and the amount supplied per firm?
\nAttachments
\nAttachment 1<\/p>\n

Maybe Spotify Isn\u2019t Killing The Music Industry After All, By Andrew Flowers , FiveThirtyEight, Economics, NOV 2, 2015
\nhttp:\/\/fivethirtyeight.com\/features\/maybe-spotify-isnt-killing-the-music-industry-after
\n-all\/
\n\u2018<\/p>\n

The debate over the economic impact of streaming is still being hashed out. The biggest flashpoint occurred last year when pop megastar Taylor Swift decided to pull her catalogue from Spotify. Swift, writing in The Wall Street Journal, claimed streaming had \u201cshrunk the numbers of paid album sales drastically.\u201d<\/p>\n

In response, Spotify CEO Daniel Ek pointed out that the company had paid $2 billion in royalties since 2008, and claimed streaming was promoting music sales overall.\u2019<\/p>\n

Wait, Is Streaming Encouraging Record Sales? Survey Says ‘Yeah… Maybe
\nBillboard, 12\/11\/2015 by Richard Smirke<\/p>\n

3
\nhttp:\/\/www.billboard.com\/articles\/business\/6805628\/streaming-record-sales-survey-uk \u2018Streaming may have been hailed as the death knell of the CD and download, but new research suggests that services such as Spotify and Apple Music can drive sales — at least for dedicated music fans.<\/p>\n

According to a new survey produced on behalf of U.K. labels body BPI and the Entertainment Retailers Association (ERA), \u2026\u2026\u202613 percent of respondents saying that a streaming subscription had led to a higher number of CD purchases.<\/p>\n

For vinyl, the numbers climbed to 19 percent of those surveyed. Perhaps more significantly, 69 percent of the survey
\nrespondents either agreed or strongly agreed with the statement: \u201cI stream to discover music and see what\u2019s popular, but when I come across something I love, I like to buy it.\u201d<\/p>\n

Geoff Taylor, Chief Executive of the BPI and BRIT Awards, sang a similar tune, saying that \u201cthe enduring appeal of compact discs and vinyl has surprised many commentators who wrote them off years ago. Unexpectedly, streaming may be enhancing their appeal to many fans, who appreciate the immediacy and convenience of services like Spotify, Apple Music and Google Play to discover and enjoy a huge range of new music, but still want to own and
\ncollect albums by artists they truly love.\u201d<\/p>\n

Streaming: the future of the music industry or its nightmare? The Guardian, 2 January 2015
\nhttps:\/\/www.theguardian.com\/technology\/2015\/jan\/02\/streaming-music-industry-apple-google\u2018\u2026 streaming revenues are rising fast, according to the BPI\u2019s figures: they have zoomed from zero in 2007 to \u00a376.7m in 2013. Data released by the Entertainment Retailers Association and BPI this week suggested wholesale streaming revenues were \u00a3125m for 2014. (The ERA reported streaming revenues of \u00a3175m, but typically its values show a 40% retail markup
\nover the BPI\u2019s wholesale figures.) .\u2026..<\/p>\n

The figures suggest streaming is eating into digital downloads rather than CD sales: its revenue growth is almost exactly matched by a fall in digital download revenues, now at their lowest level since 2011.<\/p>\n

In the US, Nielsen SoundScan has confirmed the same pattern , with paid song downloads down 12% in 2014, from 1.26bn to 1.1bn, while song streaming rocketed from 106bn to 164bn.\u2019<\/p>\n

Attachment 2
\n\u2018Essential drugs get cheaper as Govt fixes price ceiling of 530 medicines\u2019, International Business Times, March 5, 2016 By Bismah Malik http:\/\/www.ibtimes.co.in\/essential-drugs-get-cheaper-govt-fixes-price-ceiling-530-medicines-
\n669450<\/p>\n

Drug regulator National Pharmaceutical Pricing Authority (NPPA) has fixed the price ceiling of 530 essential medicines, resulting in the reduction in cost of 126 drugs by over 40 percent, Hansraj Gangaram Ahir, minister of state for chemicals and fertilisers, said in Rajya Sabha, 4 Friday, the Press Trust of India reports. “Out of 680 medicines on National List of Essential Medicines (NLEM), the drug regulator has fixed the ceiling price of 530 medicines.<\/p>\n

This has resulted in the price reduction of 126 essential medicines by up to over 40 percent, while the
\nprices of 34 drugs have come down by 35 to 40 percent,” the minister said.<\/p>\n

Attachment 3
\n\u2018Thailand’s rubber subsidy: Is this time different?\u2019, Econ 411, Winter 2016
\nMonday, January 18, 2016 http:\/\/econ411winter2016.blogspot.com.au\/2016\/01\/thailands-rubber-price-subsidy-is-this.html<\/p>\n

\u2018The current Thai military government\u2019s promise to buy rubber directly from farmers at the higher than market prices, will likely be similar to the previous government\u2019s corruption-plagued rice subsidy program.<\/p>\n

The price of rubber, one of Thailand’s exported agricultural commodities, has been falling sharply and, on January 12th, reached its lowest level since March 2009, amid concerns about the Chinese economy*.<\/p>\n

Beginning last year, Thailand initiated several measures to support rubber farmers whose income has been slashed. But those measures have stopped short of doing what the farmers want and what previous more populist governments reviled by the military have done\u2014spending state money to guarantee a selling price to farmers.<\/p>\n

These dissatisfied Thai rubber farmers called for help from the current military government and threatened to protest if their demands were not met.<\/p>\n

Therefore, on January 13th, the government, swallowing its words to end the country’s long history of costly agricultural subsidies, resolved to buy around 200,000 metric tons of rubber at no more than 60 Thai Baht
\n($1.65) a kilogram, significantly higher than the 35.19 \u2013 35.52 Baht a kilogram range quoted by the Thai Rubber Association. This announcement totally affected rubber prices across Asia, as Thailand is the world\u2019s top rubber producer and exporter.<\/p>\n

Attachment 4
\nThe Future Role of radiology in Healthcare European Society of Radiology 2009 http:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC3259353\/
\n\u2018Radiology is now the key diagnostic tool for many diseases and has an important role in monitoring treatment and predicting outcomes.<\/p>\n

It has several imaging modalities in its armamentarium which have differing physical principles of varying complexity.<\/p>\n

The anatomical detail and sensitivity of these techniques is now of a high order and the use of imaging for ultrastructural diagnostics, nanotechnology, functional and quantitative diagnostics and molecular medicine is steadily increasing. Technological advances in digital<\/p>\n

5
\nimaging have also enabled the images produced to be post-processed, manipulated and transmitted rapidly worldwide to be viewed simultaneously with the transmitting centre.\u2019<\/p>\n

Economics is Everywhere (Worth Publishers), p.112, Dan Hamermesh (2012),. \u2018The cost structure in the radiology business has been drastically affected by the growth of computer storage capacity and online data transmission. MRI, CT and X-ray images are all stored and transmitted digitally now…<\/p>\n

[This means that] the local radiology group will be able to stop leasing the huge warehouse in which it stores old films;…[also] there is no need for couriers to carry films from the radiologists\u2019 headquarters to the offices of treating physicians<\/p>\n

(doctors)…\u2019
\nPart B: Case study (1000 words)
\n(20 marks)<\/p>\n

The objective of the case study is for you to analyse an aspect of economic activity and to apply some of the key concepts and theories we have studied in the course so that we can understand what happens in that situation and the challenges for government policy.<\/p>\n

In this case study, you are required to analyse the economic impact of the rise of the \u2018shared economy \u2018or \u2018collaborative consumption\u2019 on a particular industry or market.<\/p>\n

This concept relates to the peer-to-peer-based activity of obtaining, giving, or sharing access to goods and services coordinated through community-based online services.<\/p>\n

[ https:\/\/www.researchgate.net\/publication\/255698095_The_Sharing_Economy_Why_People
\n_Participate_in_Collaborative_Consumption, accessed May 10, 2016]<\/p>\n

As a starting point, refer to Attachment 6 \u2018All eyes on the sharing economy\u2019 The Economist, 3 March 2013 and the above article. Select an industry or market for your study and then
\nconsider the following questions:<\/p>\n

a) What is the present market structure of your selected industry or market? Are there any
\nrelevant barriers to entry?
\nb) What is the likely effect of the entry of such peer-to-peer rental schemes on the structure
\nof the market. What is the effect on competition, prices, quantities traded and profits?
\nc) What is the basis of peer-to-peer rental schemes advantages, if any, over existing services
\nprovided?
\nd) What are the likely benefits of such schemes for consumers?
\ne) What might be the basis of existing providers objections to the entry of such schemes into
\nthe market?
\nf) What are some of the challenges of the entry of such schemes for government regulation
\nof the market or industry? 6<\/p>\n

Attachment 6
\n\u2018The sharing economy: All eyes on the sharing economy\u2019, The Economist, 9 March 2013
\nhttp:\/\/www.economist.com\/news\/technology-quarterly\/21572914-collaborative-consumptiontechnology-
\nmakes-it-easier-people-rent-items<\/p>\n

\u2018Collaborative consumption: Technology makes it easier for people to rent items to each other. But as it grows, the \u201csharing economy\u201d is hitting roadblocks.<\/p>\n

Why pay through the nose for something when you can rent it more cheaply from a stranger online? That is the principle behind a range of online services that enable people to share cars, accommodation, bicycles, household appliances and other items, connecting owners of underused assets with others willing to pay to use them.<\/p>\n

Dozens of firms such as Airbnb, which lets people rent out their spare rooms, or RelayRides, which allows other people to rent your car, act as matchmakers, allocating resources where they are needed and taking a small
\ncut in return.<\/p>\n

Such peer-to-peer rental schemes provide handy extra income for owners and can be less costly and more convenient for borrowers. Occasional renting is cheaper than buying something outright or renting from a traditional provider such as a hotel or car-rental firm.<\/p>\n

The internet makes it cheaper and easier than ever to aggregate supply and demand. Smartphones with maps and satellite positioning can find a nearby room to rent or car to borrow.<\/p>\n

Online social networks and recommendation systems help establish trust; internet payment systems can handle the billing. All this lets millions of total strangers rent things to each other. The result is known variously as \u201ccollaborative consumption\u201d, the \u201casset-light lifestyle\u201d, the \u201ccollaborative economy\u201d, \u201cpeer economy\u201d, \u201caccess economy\u201d or \u201csharing economy\u201d.\u2019
\n7<\/p>\n","protected":false},"excerpt":{"rendered":"

Name Sadegh Kharazmi Address 241 Harbour Esp Docklands, VIC 3008 Australia \u00a0IP Address101.176.88.143 (Australia) Bellow requirement is published on our website with the permission of the above Candidate. Assessment This assignment contributes 20% to the final assessment in this subject. Read More …<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[743],"tags":[],"class_list":["post-1464","post","type-post","status-publish","format-standard","hentry","category-sample-questions"],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/posts\/1464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/comments?post=1464"}],"version-history":[{"count":1,"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/posts\/1464\/revisions"}],"predecessor-version":[{"id":1465,"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/posts\/1464\/revisions\/1465"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/media?parent=1464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/categories?post=1464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/tutorhelp\/wp-json\/wp\/v2\/tags?post=1464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}