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Why does Michael Porter admonish companies not to change their competitive positioning any more frequently than once every four or five years?
If that price ends up being the market price and if the normal rate of profit is 10 percent , the how big will each firm's accounting profit per unit be?
Assuming that you impose the new saving rate. What would be the immediate and long run effects on c, k, and y? Draw the path of these variables.
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100?
The other job pays w*, but he can work as many hours as he wants. show how jerome determines how many hours to work.
Someone paying $800 to fly from one city to another instead of paying only $100 for a bus trip between the two cities is making an irrational choice and is thus not maximizing his utility. Is this
Hour for electricity. How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12?
Demonstrate how the relative "closeness" of the substitutes listed determines, to a large degree, effective limits to the monopoly power of these firms.
Transportation costs T(q) = aq + bq^2, where q is the output of each of its plants. What is the optimal plant size, and how does it vary with the parameters F, m, a and b?
Create a template form that shows the different categories of customer traits that will help you to define different market segments.
Each choice requires the same amount of investment. Address the following topics: What factors do you use to determine whether to invest in the additional capital and labor?
How was DeBeers able to control the world price of diamonds over the past several decades even though it produced only 45 percent of the diamonds?
Construct the AD, SRAS, and LRAS curves for an economy experiencing: (a) full employment, (b) an economic boom, and (c) a recession.
Assume sample data for six drivers in each of these cities show the following number of hours wasted per year sitting in traffic. Compute the sample mean hours wasted per year for each of these urban
The indifference curve that passes through the consumption bundle with 30 apples and 39 bananas also passes through the bundle with A apples and 21 bananas, where A equals?
Suppose the economy is represented by the following equations: Write the numerical formula for the IS curve? What is the value of Investment?
Under what elasticity conditions would the following be true: "Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage"?
Qs= 80,000 + 5,000P, where Qs is the quantity of widgets supplied per month and P is the price of a widget. What is the new equilibrium price and output in the short run for both the industry and each
Suppose that there is only 1 firm producing TVs which are durable goods and which have 0 marginal production costs. Calculate the prices the selling monopoly charges for TV sets in periods 1 and 2.
Describe how a developing/emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.
When the product is produced in foreign country, and lead negative external cost to the foreigners, should we consider the external cost a cost or transfer if the affect people in foreign country ha
Provide the RBC explanation as to why money is leading and pro-cyclical. Be sure to include a money market diagram, an IS-LM diagram, and an AS/AD diagram.
Calculate the marginal revenue product at each level of labor input if output sells for $4 per unit. If the wage rate is $15 per hour, how much labor will be hired?
What would happen if CPI decided to raise prices unilaterally in this toothpaste market? Could CPI benefit by advertising in this perfectly competitive market?
How would a downward change in the money supply affect you personally? How would it affect your career? What impact would rational expectations have on your decisions in this situation?