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What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits?
What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets?
Factors affecting variable costs, including productivity and others that change the supply of and demand for labor Factors affecting fixed costs
What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?
Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions
What are some of the major political risks associated with investing in a foreign country? How does the threat of global terrorism effect foreign investment
Identify three to five macroeconomic variables that affect the demand for and/or supply of the products or services produced by your company
What price will the profit-maximizing monopolist charge?How much profit will the monopolist make if she maximizes her profit?
What is the equilibrium exchange rate (measured as pesos per dollar)? b. What is the dollar price of food in Richland? In Poorland?
When reforms were implemented, prices were deregulated and the price of bread rose dramatically.
The Fiscal and Monetary Policy and Economic Fluctuations.Discuss the current economic situation in the U.S. as compared to five years ago.
If the firm charges a single price to everyone, how much profit does the firm make?
Design a proposed economic policy solution to the problem.Discuss how economic theory predicts the policy would work.
Calculate the values of change in consumer surplus, producer surplus, tariff revenue and the amount of deadweight loss
Calculate the profit-maximizing quantity and the corresponding price. What is the resulting profit/loss. Calculate the monopolist's markup.
What is the dominant strategy, if any, for Billy Corrigan? b.What is the dominant strategy, if any, for Eddie Vedder?
In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result
Clearly explain what a variety of different points on the curve mean. What would make the curve expand or contract?
Profit maximization in perfectly competitive and monopoly markets requires setting MR = MC.
Does the range of threshold-years change if there are an equal number of workers of each type in the pool? Why or why not?
When would being first be a valuable strategy? 2.) What does it mean to say that economics focuses on the margin?
he Research Paper should address subjects like: 1. Currency & Foreign Markets.Inflation & Monetary Policy
Provide and intuitive explanation of the Adverse Selection problem and discuss its implications and any mechanisms used to mitigate the problem.