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If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in any of the competitive industries?
The Hartnett Corporation manufactures baseball bats with Pudge Rodriguez’s autograph stamped on them. Each bat sells for $55 and has a variable cost of $29. There are $40,820 in fixed costs involved in the production process. Compute the break-even p..
A nation benefits from international trade if it:
"There are times when the goals of the FED are in congruence with those of commercial banks and there are times when they are in conflict." Do you agree with the statement? Why or why not? Limit your response to one paragraph.
In a world where the public holds no currency but where banks keep fractional reserves against deposit liabilities, explain how an injection of new base--say from The Fed’s purchase of securities-- lead to new M1 which is a multiple of the new base. ..
It's estimated the peak of oil production will peak in 2035, and gradually decline causing an increase in gasoline prices. To help reduce the dependence on imported oil and avoid large fuel price increases the U.S. government created incentives for e..
Peggy-sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster.
Most of you would be familiar with the four Ps of marketing - Product, Price, Promotion, and Place. The text suggests that ethical issues arise at each stage of this matrix. Explain how this happens. Provide real life examples to bolster your positio..
A 50-kilowatt gas turbine has an investment cost of S40,000. It costs another S17,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $500 per year. Additionally..
An unemployed leather maker is most likely to be considered to be structurally unemployed. A new college graduate looking for his or her first professional job may experience frictional unemployment. Cyclical unemployment is unemployment that is in e..
Which of the following statements about exports and imports is true?
Jay Wechsler agrees to purchase a car from a local dealer, the Con Car Co. The purchase price is $15,000. Jay has the cash to pay the entire amount and wants to do so. Con's sales manager ises the following argument to convince him to finance the car..
A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the sale of every unit to correct for the social cost of the noise pollution. Describe the impact of the tax on the number of leaf blowers sold. What is the s..
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