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The recently submerged kingdom of Atlantis is populated by identical rational air breathing individuals. The king has decided to give an award to the industry whose product yields the kingdom the most economic value.Hundreds of industries have entered the competition for the award. The finalists in the competition are the caviar and bottled air industries.Consumer expenditures on caviar last year were 10 billion shekels while expenditures on bottled air were two billion shekels. Based on this data, the caviar industry argues that the economic benefits of the caviar industry are five times that of the bottled air industry.As usual, the king is unsure of what to do nd has requested your advice. Using the tools of analysis presented in the course, which industry would recommend receive the award? Explain fully.
Examine the contribution that automatic stabilizers play in creating a stable economy.
Describe the distinguishing features of various forms of regional economic integration, including their benefits and costs.
Discuss market trends that the organization will face. Explain your conclusions. Address how each of the following will change or will not change.
Suppose that Hump Ridge Company produces and sells two products, x and z, and that its total cost is given by-What does λ equal? What does it mean?
Explain how does technology affect an organization's productivity and costs. How has your organization used technology.
Use the following Information on a hypothetical short-run production function to answer questions a-c. Calculate the marginal and average variable product of each unit of labour input.
Compute the abnormal return of Stock Z if the market price is $13.68, the risk-free rate is 4 percent, the return on the marketplace portfolio is 10 percent.
Explain how much control might an organization have over pricing based on a product's elasticity
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
A price-discriminating monopolist of the 3 rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below.
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
The supply and demand equations for a hypothetical perfectly competitive market are given through QS=-100+3P and QD = 500 - 2P.
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