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Before the collapse of communism Berlin was a divided city. After the Berlin wall came down movement between East and West became possible. What happened to the income of taxi drivers, and fares pa
Entrepreneur's potential economic profit from the next best entrepreneurial activity = $80,100. What are the entrepreneur's economic profits from this activity?
You have a bond that pays $ 60 per year in coupon payments. Which of the following would result in an increase in the price of your bond?
Using the specific-factors model, explain why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country
What is meant by investment in human capital? Use this concept to explain (a) wage differentials, and (b) the long-run rise of real wage rates in the United States.
College enrollments increased at the same time that average tuition rose dramatically. Does this contradict the law of downward sloping demand? Explain briefly.
You were recently hired to replace the manager of the Roller Division at a major conveyor manufacturing company. Roller Manufacturing company is relatively simple,
$10,000 over its third year, at which time you will be able to sell it for $5,000. If interest rates are 10%, what is the maximum amount you should pay for this machine?
A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are $4,500. The marginal cost of producing the 101st unit of output is $3
Suppose the managers of the two firms decide to collude. If they formed a cartel, what would be the profit maximizing level of output?
Assume that the price level is flexible both upward and downward and that the Fed's policy is to keep the price level from either rising or falling. If aggregate supply increases in the economy, the
A particular monopolist has a demand curve and cost function for its product estimated to be P = 250 - 0.15Q and TC = $25,000 + $10Q. Calculate the profit-maximizing price and output level for this
If LFC does not know the identities of the customers (i.e. is unable to price discriminate) and sets one price for chicken (regardless of who buys) and one price for biscuits (regardless of who buys
How long must a quota be in effect to have an impact? Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances
Using the Kuddler Fine Foods Virtual Organization, perform an environmental analysis based on elasticities, a mix of fixed and variable costs, current market structure, pricing decisions, current e
What are the most critical concepts involved with successful capital structure patterns?
If each firm acts to maximize its profits, taking its rival's output as given (i.e., the firms behave as Cournot oligopolists), what will the equilibrium level of output be for each firm?
Discuss what is meant by the term "built-in-stability" by using two examples relevant to today's economy.
Be noticed that all the quoted interest rates are annualized and this investor only wants to lend US$ for three months. Assume that the overall transaction fee is $200 Canadian dollar. How large is
If income increased by $20,000, government purchases are fixed at $10,000, investment spending is fixed at $5,000, net exports are refixed at $500, and aggregate expenditure is increasing by $15,000,
A specific tariff of $75 is imposed on each imported bike. How much is the new price of bike that domestic consumers have to pay?
How would a low-cost price leader enforce its leadership through implied threats to a rival? Provide at least one example of such a strategy. 150 word count minimum
Economic recession problems caused by the financial crisis of 2007-2010. How does the quantitative easing theoretically affect the macroeconomic performances of these economies?
Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
What is sustainable competitive advantage? How can it be attained? What is the relationship between microeconomics and sound investment strategy?