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when the price oh cham increased by 25%, the quality of cham sold decreased by 10%, and the quantity of vort demanded increased by 30%. So what is the crose-price elasticity between vort and cham?
Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.
Choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics of the market structure that explain why the firm would be classified as such.
What coupon rate should AirJet Best Parts set on its new bonds to sell them at par value? What factors will contribute to the riskiness of these bonds? Explain in detail your rationale.
What is the marginal revenue product of the fourth worker? Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.
Why do we see that the strategy that results is not the strategy that offers both players the best financial outcome?
Krispy Kreme lowers its price of glazed doughnuts by 20%. The demand for Dunkin Donuts glazed doughnuts will change by what percentage and in what direction?
The cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?
The text argues that individual behavior was not at the core of Enron's problems. What were the problems with this corporation from an organizational architecture point of view?
By law, the public transportation authority must take steps to eliminate its operating deficit. (a) is asking should the transportation authority increase or decrease the price per ride based upon t
What will be your rough forecast? How will you consider the structure of the fresh salmon industry to calculate the forecast? Will you advise the firm to enter the industry?
Cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the economy operating relative to its potential GDP?
Would you purchase the painkiller if headache relief provides you with $50 of actual benefits because of an important job interview? Why or why not?
Production function concepts. indicate whether each of the following statements are true or false. explain your answers decreasing returns to scale and increasing average costs are indicated when EQ&l
How (to whom) do prices ration goods and services? (Who gets the goods and who does not?) On what other bases can goods and services be distributed?
Bob takes 40 minutes to fry a chicken and 2 minutes to toast a slice of bread. His brother Ed takes 20 minutes to fry a chicken and 5 minutes to toast a slice of bread. Will the brothers gain if the
What are the opportunity costs of going to summer school that you don't pay explicitly? Explain. What is your total opportunity cost of going to school this summer? Explain your answer.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Mexico does not have an absolute advantage in producing sugar over all of the other sugar producing countries. Does this fact mean that Mexico should import its sugar from the other countries?
Draw a diagram to illustrate the business cycle and in words explain what the business cycle is. Illustrate on your graph and in words all important points and areas on the business cycle.
Did you consider size, location, price, reputation, Internet services/access, library services, sports, job placement, and/or selection of courses offered? What factors were most important to your c
Calculate the dominant firm's output (X) and price (P) at its profit-maximizing equilibrium. [In case you have no calculus: MR = (120 - 6X )/4 ]
Which of the following is NOT correct? That is, which is false? The willingness of a firm to spend a large amount of money on advertising can signal the quality of the product.
Analyze the various ways in which property rights encourage economic development and make at least one recommendation for improving current laws.
The inflation rate to be 3% and actual inflation is 5%.Calculate the expected real interest rate and the actual real interest rate.