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1 developers frequently buy land and hold it on speculation in effect they bank land should firms be permitted to buy
1 if the price of ballpoint pens falls will the demand for ballpoint pens change what will happen to the demand for
1 suppose that a producer raises the price of a good from 4 to 7 and the quantity sold drops from 250 to 200 units it
1 what role does the law of demand play in economic analysis2 if the price of jeans rises and the quantity
consider the information in the production schedule that followsa at what output level do diminishing returns set inb
1 people take some measures to avoid becoming victims of crime can the probability of becoming a victim be reduced to
1 suppose the government imposes a 1 tax on every unit of a good sold how will the tax affect a firms short-run cost
1 explain why the intersection of the average variable cost curve and the marginal cost curve is the point of minimum
complete the cost schedule shown below and develop a graph that shows marginal average fixed average variable and
1 suppose a manager were to refuse to provide a fringe benefit that could lower the wages of their workers but were to
1 if a buyers fear that a network firm will become a true monopolist in the future what does that fear do to the firms
1 why from an economic point of view should antitrust action not be taken against all monopolies2 given the information
1 explain why a monopolized industry will tend to produce less than a competitive industry2 if a monopoly retains its
1 in an economy in which resources can move among industries with relative ease a cartel attempting to maximize
1 how does the number of producers in a market affect the chances of forming a workable cartel2 how do the costs
in the 1970s regulatory agencies allowed electric companies to pass on to customers any increases in the cost of their
1 develop a public interest case for the regulation of barbers and beauticians2 if a regulatory agency determines
the economic theory of regulation suggests that firms have an incentive to support protective regulation do workers
1 average real wages have increased steadily over the last 100 years what do you think is the main cause of the
1 how could the minimum wage rate and migrant housing standards be expected to affect the prices of consumer goods
the government requires employers to pay time-and-a-half for labor in excess of forty hours a week how should managers
1 write down all the government-provided services you can think of which of them must be provided by government
what effect does increased competition have on the slope of an individual firms demand curve why how does a change in
given the following production capabilities for cheese and bread which nation will export cheese to the other what