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Do you believe that all Alcoholic Beverage advertising should be banned? What concepts of Moral Philosophy and Social Responsibility are involved in your answer? Why is it that, until recently, beer and wine were advertised on Television but “hard liquor” was not? Don’t guess! Do some Research to find out the reason. Is “Moral Idealism” a part of your answer…why or why not?
In a particular competitive market, the sellers have private marginal cost (PMC) equal to 2.5 at every output level. The demand curve has the equation P = 52.5 − (5Q/2), where Q ≤ 21 is the quantity bought at price P ≤ 52.5. Find the competitive equi..
A market is characterized by a demand curve that can be expressed as P = 96 – (1/3) Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 12 q. There are no fixed costs. If the 2 duopolists behave a..
Suppose that there are two markets, given by the following demand curves, q1(p1) and q2(p2); and a monopolist with cost function c(q1; q2). Set up the monopolist's profit maximizing problem if it charges a uniform price in both markets.
Use the following equations for supply and demand to solve for the market equilibrium price and quantity, and produce a graph for the market. P = 3Qs + 10 P = −2Qd + 30. Suppose that a quota of 2 units is imposed on this market; graphically depict th..
Linda inherited a sum of $50,000 from one or her great parents. She would like to invest in one of the following three possible investment opportunities for a period of 10 years. Choose the best one for her.
Supose new, high- yield grains are introduced to Norway and the number of labor hours needed to grow a ton of grain there is cut 5 hours to 2.5 hours. What will happen to trade between Norway and Spain? If the number of labor hours needed to growna t..
What examples can you provide from your reading of business periodicals to support your ideas? Remember to think about both large and small firms.
In 2008, a firm has receipts of $12 million and expenses (excluding depreciation) of $5 million. Its depreciation for 2008 amounts to $3 million. If the effective income tax rate is 35%, what is the firm’s net operating income after taxes (NOPAT)?
There are two main tool of fiscal policy. What are they, and how can they be used in both expansionary, or contractionary ways? Monetary policy consists of changing the money supply, and so the intrest rate, by the Federal Reserve. There are three ma..
The free market economy is an efficient way to allocate resources. However, this is not true 100% of the time. The government serves a role to intervene when maintaining competition and a legal structure. Also, goods and services that are not compete..
During a specific period of time, the average price of long-distance calls fell from $0.25 per minute to $0.15. As a result of the drop in price, average long-distance calling per person per month increased from 300 minutes to 400 minutes. Using the ..
On a Cost Effectiveness Frontier graph, Treatment M is above Treatment N so connecting treatment M to treatment N is a downward-sloping line. What can we conclude?
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