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Draw a diagram to identify a monopolistic competitor that is incurring losses. Total industry sales are $105 million. The top four firms account for sales of $10 million, 9 million, 8 million, and $5
You are the team leader of a unit of a US nonprofit organization based in Banjul Gambia (Capital City). The nonprofit's mission is to ensure that rural populations worldwide have access to health an
What is the above game in normal form? Is there a dominant strategy? If yes, what is it? Does the rival have a dominant strategy? If yes, what is it? What is the Nash equilibrium for the one-shot ga
What is the value of GDP? What is the value of net domestic product? What is the value of net investment? What is the value of net exports?
Suppose at this time of the last year the exchange reate between US and Japan is 1 US Dollar worth 115 Japenese Yen. Now it becomes 1 US Dollar worth 95 Japanes Yen. Also suppose in the past year t
Explain the law of diminishing returns (in your response make sure you discuss the relationship between marginal and average productivity). Do you think the law of diminishing returns is binding wh
Create a 800 to 1,050 word business proposal in which you provide recommendations to the company for increasing revenue for the company, achieve ideal production levels, determine how fixed and var
On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine (a) the market demand schedule on the assumption that the go
Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. The kits have a short-run average variable cost of $48 and are sold for $66 each. Wh
Zach withdrew $400,000 out of his personal savings account and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Za
What is a government budget deficit? How does a federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer?
Economic growth has been high, but inflation has also increased from three percent to five percent (annualized) over the last four months. The level of unemployment is very low and cannot possibly
Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this
Prepare a presentation consisting of 8-10 PowerPoint slides with 100-150 words of speaker's notes per slide in which you explain the benefits and drawbacks of the tax credit for individual consumers
What is the price of an additional dollar of local spending in each case? Which of the two methods do you think would lead to higher levels of local spending on roads? Explain your answer.
The current debate about fiscal and monetary policy tends to focus on
What are the difficulties in estimating income inequality at the global level? What are the different ways of measuring global inequality?
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 - Q. Which of the following is the marginal revenue function
How much should the firm produce in order to maximize profit? What is the maximum profit that the firm can generate at the output level(your answer in a)?
Suppose a firm is operating under a competitive market conditions and the going price for its product is $260. If the firm's short run Total Variable Cost (TVC) function is
For what types of decisions do you use the Economic Decision Rule? Which types of decisions do you not use the Economic Decision Rule? What are the implications for economic analysis if most people
Using a 10 percent significance level test for the statistical significance of the parameters obtained in a, then discuss the suitability (considering their algebraic signs) of the parameter estima
Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs. For MNE's with multiple foreign operations, consider any one of those oper
One of the basic economic laws is ‘the law of one price.' It says that given certain assumptions one would expect that if the free trade is allowed, the price of goods in countries should con