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A firm looking to generate above normal profits (economic profits), given its industry and resource base, must have some basic strategies to keep one step ahead of the forces of competition. List a
Complete a written economic analysis of two or more oligopoly market firms. Your paper body should be 3-5 pages, double-spaced using APA format, and should address the following:
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
Which combination of fiscal policy actions would be most stimulative for an exonomy in a deep recession?
Suppose the government implements a policy that subsidizes business investment. How will this affect the relationship between investment and the interest rate? How will the aggregate demand/inflati
Discuss which principles of economics directly relate to your purchasing decision. Compare the marginal benefits and the marginal costs associated with your purchasing decision.
What is the expected value of your earnings from investing in General Motors stock? b. Suppose you prefer putting your money into the bank to investing it in General Motors stock. What does that tel
Many consumers attempt to stock up on emergency supplies, such as bottled water, immediately before and after a hurricane or other natural disaster hits an area. Also, many supply shipments to retai
Calculate the profit maximizing level of price and output it Phillips is required to charge the same price per unit in each market. What are Phillips's profits under this condition?
Many Europeans have government restrictions that impede the mobility of labor across national borders. How do these restrictions affect the desirability of having a common currency in those countrie
The economy is affecting many businesses and recreation activities. Cruise ships have seen drastic reductions with bookings. As the director of marketing for the carnival cruise lines you have imple
Determine the impact on each of the following if 2 million formerly unemployed workers decide to return to school full time and stop looking for work:
How does inelasticity of demand for a product effect the elasticity of demand for the labor that produces it?
Write an equation for the budget line. Illustrate the consumers opportunity set in a diagram. Show how the consumer opportunity set changes when the price of good x increases to $10. How does this ch
Would it be possible to privatize the money supply in the United States completely? In doing so, what would be the primary obstacle to overcome in implementing such a policy?
Consider the market for minivans, for each of the events listed here, identify which of the determinants of demand and supply are affected. Which curve shifts, if any, and in which direction? Then
In each case, assume that you always have the option to keep extra money in the bank at a 10% rate of interest, with no fear of losing any of this money. For each case, calculate the minimum rate o
For each of the following situations, use the IS-LM-FX model we learned in class to graphically illustrate the effects of the shock. State the effect of the shock on the following variables: Y, i, E
Explain why this assumption is needed if one is to accept the view that aggregate spending is a driving force behind short-term economic fluctuations.
Economic opportunities arise from countries that develop industries in which they have a comparative advantage. Choose a country other than the one in which you reside. Discuss the following in a repo
Calculate his expected utility if he does not buy fire insurance. Calculate the certainty equivalent of the lottery he faces if he does not buy fire insurance.
Find the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level?
The demand that a monopoly faces is: p = 100 - Q2, where Q is the quantity, and p is the price. Its marginal cost of production is 10, and its cost of a unit of advertising is 1. What is the firm's