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interpret the 4 firm concentration ratio, the 8 firm concentration ratio and the Herfindahl Herschler Index for the industry The industries involved in the merger are: new Scale Inc., Intel Technolo
The supply is simply the sum of the marginal cost curves of all the firms in the industry. Suppose that all the competitive firms collude to form one single monopoly firm. (Collusion changes neith t
What are the 3 "general ways" (Money can be classified into 3 group) that you use our monetary tool (the US $) to make your life better Why did some people say "money is the root of all evil" when m
"The operator of the tunnel that links Britain and France, Eurotunnel, said that commercial and tourist traffic using its car and coach shuttle service had fallen sharply in 2004, leading to a drop
Suppose that Congress enacts a lump-sum tax cut of $750 billion. The marginal propensity to consume is equal to .075. Assuming that Ricardian equivalence holds true, what is the effect on equilibriu
When inflation occurs some economic agents gain and some lose. Who would gain and lose if deflation occurs Why What will happen to interest rates and investment according to Keynesian and Classical/
In recent years, the Internet auction firm eBay has sougth to make its auction technology the favorite of software programmers, and it has begun licensing its technology to other Web sites. The comp
How do people earn income Should you just consider what you want to do without considering what others' value, especially prospective employers Who best determines what to do for a career, when to d
Suppose a UAW labor contract with General Dynamics is being renegotiated. Some of the many issues on the table include job security health benefits and wages. If you are an executive in charge of hu
The child of a customer, left in a running vehicle, manages to shift the car into forward and it plows through the front of your store, sending debris and stock flying, and causing an indeterminate
Develop a proposal plan for handling engineering changes in a more controlled manner so that the BOM problems mentioned above are eliminated and the planning process is improved. Present the proposa
In an article regarding the sales of SPAM (the food product) it says "sales are growing by double digits". Is the reason people are buying more Spam due to a price reduction or a change in one of th
How does a price ceiling undermine the rationing function of market-determined prices How could rationing coupons insure that consumers with the highest values get the limited amount of a good supp
Recently, Pacific Cellular ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selected three states that were representative of its entire service area a
According to an article in BusinessWeek Online, the company is not only the world's largest shipbuilder but also manufactures other industrial goods ranging from construction equipment and marine en
Baby copy company is a worldwide producer of copy machines. It manufactures 10 different copieers, ranging from low-end desktop copiers that sell for a few hundred dollars to high volume document ma
What might be your variable costs be in the short run and how would you measure these That is, what items are the sources of your variable costs and how would you go about measuring the costs associ
In a leading publication your read this statement: "There are also increasing expenses for commodities, such as barley, aluminum, and glass, making it important to gain economics of scale." Sometime
Consider the following game between Sony, a manufacturer of video cassette players, and Columbia Pictures, a movie studio. Each firm must decide whether to use the VHS or Beta format - Sony to make
In the movement to downsize government, advocates often recommend turning over some government services to private firms hired by the government. What are the potential benefits and costs of such o
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned wit
1) Identify the combination of workers and capital that will be used. 2) Is the total cost of producing 9 units of output in this way greater than, less than, or same as the cost at point C Su
Machine A has been completely overhauled for $9000 and is expected to last another 12 years. The $9000 was treated as an expense for tax purposes last year. Machine A can be sold now for $30,000 net
Major events in our country and around the world tend to have economic advantages for some segments of society and disadvantages for others. Determining who benefits can be tough for negative events
Concerned about the crowding-out effects of government borrowing on private investment spending, a candidate for president argues that the US should just print money to cover the government's budget