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A monopoly´s profits are not necessarily bad, but its reduction in output is. Evaluate this statement.
A) What is the profit maximizing output for Q B) Calculate the firms profit or loss, should firm shut down if loss?
Compare and contrast the way Keynes and Friedman approach the economy. What are the key differences and similarities?
How is the focus on training and development in the United States different than in other countries?
Define corporate culture. Explain why corporate culture is a major internal environment factor.
Why has the issue of corporate governance received such a high profile in recent years? Suggest how such governance might be improved.
Can you explain how the case study might provide some support for an upward sloping demand curve for higher education?
Transport and elasticities of demand In late 2003 fuel protests began to be heard. Why do some people believe that fuel taxes and fuel prices are too low?
What does the case study imply is happening, as a result of increased smuggling, to the effective price elasticity of demand for tobacco in the UK?
Taxing French smokers President Chirac has called for 2004. What does the case study tell us about the price elasticity of demand for cigarettes in France?
Why do you think macro-economics applies to your organization? Give at least two examples of macro-economic actions that could affect your organization.
Some claim that legalization will lower the price of these drugs and reduce related crime.
What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market?
Question: Identify causes for shifts in supply and demand for computers
What is the equilibrium price and quantity? Draw demand and supply curves. If this represents perfect competition, are curves individualfirm or market curves?
Question: Explore the different measures of the money supply, and explain why the different definitions are important.
What is the discount rate in the banking system, and explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
Explain the differences between private goods, public goods, natural monopolies, and open-access goods.
Explain how perfectly competitive markets use or do not use resources efficiently.
The federal agency responsible for covering the cost of dental care for low-income seniors has set a rate of $100 for various dental treatments
Kidney's (transplant) are not allocated through markets. What are the pros and cons of switching to a market for kidneys?
Without government intervention, what would be the equilibrium amount of chocolate produced? What is the socially optimal amount of chocolate production?
Explain with the aid of a diagram how the market adjusts to (i) an increase in money supply (ii) an increase in real GDP
Discuss in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy
A change in the real money supply can result either from a change in the nominal money supply through Federal Reserve policy