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How might the above ideas be suitable to how society, both private and public sectors, deals with business cycles?
Analyze monetary aspects of international trade. Describe two monetary effects for balance of payment, foreign exchange, and exchange rate determination.
Why would Warner Bros make the mistake of waiting until film is almost over before negotiating with singer to sing song for last scene?
Find the major difference between the oligopoly and firm in monopolistic competition? Why is it so difficult for cartel to enforce non price cutting agreement?
Why do most successful societies present patents and copyright protection even though the protections enable sellers to charge higher prices?
Write down the methods which labor unions use to increase wage rates of their members above levels of nonunion wage rates?
If capacity of stadium at that university is 60,000 seats, find the revenue maximizing price for football tickets? How much revenue will be generated?
Calculate total profit at this price - output combination. Calculate point price elasticity of demand at profit-maximizing level of output.
At the market price of $15 per unit, how many units will be produced and sold? Determine the profit per unit? What is total profit?
Find out probability that Cool-Aire will incur the operating loss. Find the Z statistic first and then refer to the Z table.
Write the essential conditions for price discrimination? How well have conditions for price discrimination been satisfied in case of surgeons?
Using aggregate demand/aggregate supply model, briefly explain why cities spend millions of dollars to lure Olympics to them.
What role economics plays in your personal and organizational decisions? After finishing, see Discussion/Course Materials for 'instructor's definition of macro'.
Find last 4 years' sales and profit or net income data for major retail corporation. Compute profit as percentage of sales; careful to place decimal point correctly.
Suggest new target market segment for product and its accompanying pricing strategy (for instance, bundling and couponing).
Find the profit-maximizing price and output levels for product in two markets? At these levels of output, compute marginal revenue in each market.
Find the profit-maximizing levels of price and output for two freight categories? At the levels of output, compute marginal revenue in each market.
How is strategy associated to organizations objectives and goals? Give the example of organizational strategy.
Compute HHI for the industry. If firms 6 and 7 decide to merge, would this merger be challenged by FTC? Why or why not?
If each player plays her maximin strategy find the outcome of the game? (Give your answer in terms of the strategies each player chooses.
Describe what happen as we move from short run to long run equilibrium in monopolistically competitive industry if firms are making positive profit in short run.
Assume that monopolistically competitive firm should build production facility to produce a product. What price must this firm charge if it wants to maximize profit?
Develop the argument supporting use of market value for investment valuation. Give support for the argument.
Explain whether your ideas regarding effectiveness of government policy have changed since Week One.