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Find two articles about a microeconomics problem currently in the news from either a newspaper or news (including business) magazine. Write a short analytical paper that compares/contrasts the problems or issues.
It is important for companies to differentiate their services or products in the market place. This differentiation sometimes leads to building a core competency. which we will explore in the following individual assignment.
Use demand and supply diagrams to elucidate what happened in anchovy,soybean, and cattle markets. Indicate which curves shifted in each instance and show the effects on the equilibrium price and quantity in each market.
Suppose that Bob withdraws $100 of cash from his checking account at Security Bank and uses it to buy a camera from Jor, who deposits the $100 in his checking account in Serenity Bank. Assuming a reserve ratio of 10 percent and no initial excess rese..
An industry said to be characterized by monopolistic competition is the apparel industry. Suppose you were hired as a consultant by a firm in this industry. How would advise the firm as to the levels of output, price, input usage, and advertising?..
Suppose that a firm's only variable input is labour. When 50 workers are used, average product of labour is 50 and marginal product of labour is 75. Wage rate is $80 and total cost of fixed input is $500. Illustrate what is average variable cost. ..
Discuss why commercial labor norms are superior to subsistence labor norms when one needs to create wealth.
Illustrate what do you think about the relationship between tort law and commercial productivity in the United States. Do you believe that companies should enjoy greater protections against potential tortfeasors.
Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.
What do we know about the proportion of peanut butter to jam held by Bob in any equilibrium? If Adam held all of the peanut butter in the initial endowment, is it possible that he end up with nothing in the equilibrium?
Discusss the effects to the equilibrium price level and GDP. Make sure to address consumption, disposable income, and aggregate demand in your answer.
The owners decide to begin spending immediately a rather large sum on advertising designed to decrease elasticity.
Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases.
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