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The expansion of the car manufacturing industry causes an improvement in the assembly line, so reducing charges to each firm in that industry.
Suppose there was a huge drought in Europe that reduced farm production in half for one year. How will output and prices change in the short and long run?
If sales for balance of the year are expected to be 50000 units less because of some lost customers who do not return, should the order be accepted?
Cost is $14, average variable cost is $5, and marginal cost is #2. Draw a graph of the demand and cost conditions facing the firm.
Terry is unwilling to raise price if price hike will cause revenues to fall. Should Terry raise the price of haircuts above $15? Why or why not?
Which of the following statements is correct? Financial intermediaries are institutions through which savers can directly provide funds to borrowers.
Suppose that the tires of a certain tire manufacturer are discovered to be defective. Other things the same, this news would cause?
Payroll taxes reduce employment in a competitive model, but they have no impact on wages. Your answer should include the phrase "incidence of the tax" and a well labelled diagram.
Is the economy of Nurd in equilibrium? What is Nurd's equilibrium level of income? What is likely to happen in thecoming months if the government takes no action?
Explain why the central bank must be willing to increase the money supply to support lower interest rates in the money market.
Find the price of something in the 1950s-a house, car, gasoline, or something else that interests you. Note the item, the price, and the year.
In the spring and summer of 2010, Congress discussed increased control over the Federal Reserve. Take the position that Congress should have more stringent control over the Fed and explain why.
Define your issue, with a brief summary of the key things that make your issue interesting. What are the key positive and normative questions surrounding your issue?
What is the Profit Maximization rule? Does it apply to all 4 market structures? In which industry structure is Price equal to Marginal Revenue? Why is that not the case in the other 3 market struct
Explain why the deficit described above might affect future economic growth in GDP, labour productivity, and GDP/capita.
The foundation for economic growth and a healthy economic environment. List and define at least two methods of improving Public Management.
List and define the mechanics of capital budgeting as an application of marginal analysis. How does organizational structure and corporate governance affect a corporation?
Discuss how "Game Theory" can be used to improve strategic decision making in competitive situations. How do "Pricing Practices" add value as a practical means
The buffalo would have more feed and not have to compete with the cattle. What has this action to do with regulation and the Coase Theorem?
What would be examples of incentive conflicts between stockholders and executives? (b) Why do incentive conflicts exist between stockholders and executives?
t wholesale level wood flooring is a competitive market. Assume Qs=-10+2p and Qd=320-4p. Find euilibrium price and output before and after imposition of us dollar 9 per unit tax on producer.
Impose a specific tax of t on the monopolist. Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax (approximately).
Indicate the effect that each of the following conditions will have on a firms's variable cost curve and its average cost curve.
Provide a tentative explanation for all of the following four empirical regularities. In most inland European cities, historically the rich have lived on the western side of the city.