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Why is there so much advertising in monopolistic competition? Pick a product that you have purchased in a monopolistically competitive market structure and tell us how advertising
What is the maximum amount it would be worth to shareholders to elicit high CEO effort all the time rather low CEO effort all the time?
what is the change in quantity of money that will eventually result? Assume that the currency drain is 0.15 and the desired reserve ratio is 0.05, and show your calculations.
Based on this information, discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly differ
Use indifference analysis to demonstrate the income, substitution, and the total effects if good X is a non-Giffen inferior one.
If the free market equilibrium is at the intersection of demand curve D and supply curve S, what should the government do to internalize the externality?
Let us assume the following figure represent the component of GDP in a county. Calculate the equilibrium level of income. Calculate the multiplier in this model. What is the level of saving in equilib
What price would this new drink sell for if it sold in a competitive market? What will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly?
Compute the optimal number of futures contracts that is needed for the best hedge, considering that you are long on the spot market and you wish to sell your stock in 1 month.
If the futures price is $905 will you be able to benefit from these prices? If a profit is possible then present the strategy that you can use to obtain this profit.
If the price at which wheat can be sold is $5 per bushel and if farmers want to earn a normal profit of $10 per acre, what is the most that any farmer would pay to rent your 10 acres?
A monopolistically competitive firm faces the following demand and cost structure in the short run: What is the highest profit or lowest loss available to this firm?
If the Boca Raton Company has only one rival, and if its rival too makes such an announcement, does this change the payoff matrix? If so, in what way?
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.
What is relative PPP? Calculate the current pound spot rate in dollar that would have been forecast by PPPDoes the PPP hold in this case? What could be the reasons for that?
In what way do competitive markets have a "natural remedy" for discriminatory hiring practices? A. Government naturally steps in to resolve problems of discrimination.
What is the inverse demand function for Dr. William's services? The average variable cost function for reconstructive nose surgery is estimated to be. what price should she charge to perform a nose op
An auto-service establishment has estimated its monthly cost function as follows: What price should the firm charge to realize the targeted profit? What would be its (cost-based) markup ratio?
Determine the equilibrium price and quantity of raw chocolate in 2005. Calcualte the price elasticity of demand at the equilibrium price and quantity.
Domestic producers often base their claim for import protection on the fact that workers in country X are paid substandard wages. Is this a valid argument for protection? How does labor costs per u
Consumer A gets 0 units of X and 4 units of Y and Consumer B gets 4 units of X and 0 units of Y. Is the allocation Pareto Efficient?
Explain why system of marketable pollution permits leads to less costly pollution abatement and higher concentration of polluted areas than a command and control system.
What are some of the major factors that have led to the collapse of state power in a number of countries and the rise of revolutions?
Assume that the consumer's preferences satisfy the assumptions of completeness, transitivity, and more is better. State specifically what the consumer could do to increase their utility.