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Another reason is the use of faxes and e-mail , with this decrease in demand for postal service , why do you think the postal service is seeking a rate increase ?
Possess considerably greater power to raise wages than do industrial unions ( automobile workers steel workers etc....) , how would you explain this phenomenon in terms of demand elasticity?
How many of the variable input should the firm use to maximize profits? Please verify. Note that in order to do this you need to use costs.
Assuming that the current equipment has zero book value and zero salvage value, should the company buy the proposed equipment?
The market demand for a pair of duopolists is given as P = 72 - 3Q, where Q= Q1 + Q2. Total costs equal 24Q for each firm. Determine the equilibrium price, each firm's output and profit for the foll
Suppose a monopolist faces two demand schedules P1= 24 - Q1 and P2 = 18 - Q2 and TC = 15Q. Determine the optimal profits, prices, and output level for the following situations.
No entry barriers to prevent competition. Can you think of a good or service that is produced in perfect competition? Explain.
Suppose equilibrium income is $3,000 billion and government policy makers determine that potential income is $3,500 billion. By how much must government spending change to close the GDP gap if the
Workers Output Labor cost Material cost Fixed cost Total cost Marginal cost $2 $2 $2 $2 $2 $2 10 5 11 29 12 41 13 47 14 50 15 52 a) Fill in the blanks in the table b) What is the profit-maximizing l
Which is a valid counterargument to the call for higher tariffs to save U.S. jobs? Imports may eliminate some U.S. jobs, but they create others, so they may have little or no effect on employment.
Economys stage in the buisness cycle and the prevailing projected economic conditions for one or more macroeconomics factors. explain the evidence that supports these recommendation.
If you were President of the US and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading?
However, since the initiative was implemented, the CEO has noticed that less info is availabel that ever. Why do you think the CEO's plan backfired?
the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6. Bill could increase his utility by how much?
Calculate the loss to US consumers of copper from imposing the tariff. Calculate the gain to US producers of copper from imposing the tariff.
What ranges of the money growth rate (assuming positive values) would allow the Bank of Korea to achieve this objective?
Generic Industries' Total Costs equal $500 + $3 Qty. Compare cost functions at the two firms. Which statement is true?
Without any warning, the price of capital doubles. What should North Western Manufacturing do in response? Explain.
If Coca-Cola is produced according to the following cost function C(Q) = 1,000 + 2Q (in cents), compute the optimal price and the number of cans to sell as a single package.
The retail price of the DVD is $25, and the elasticity of demand for this film is -2. Has the studio selected the profit-maximizing retail price for this DVD?
If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived, if the farm were sold to earn 10% annually. C
Does either player have a dominant strategy? Explain. b) Is there a Nash equilibrium in this game? If so what is it? c) Is this game an example of the prisoners' dilemma? Explain.
As part of your answer also include a discussion of the risks of introducing market mechanisms. Your answer should be approximately two pages long and in APA format.
Provide an example of a company that fits the following categories and briefly explain why the company fits this category:
Disposable personal income decreases by $80 billion and the trade deficit is reduced by $15 billion. By how much has national income (Y) changed?