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The common law has always allowed all adults executing a will to partially or completely disinherit all, some or none of their children, adult or minor, as they see fit. No reason must be given and absolute discretion falls to each individual parent to render such a decision. Is this just? Should children, adult or minors, receive a mandated portion of the deceased parent’s estate regardless of the wishes of the parent? What portion, if any, would you mandate?
What is natural monopoly and when we will have natural monopoly in the market? What types of industry are susceptible to have natural monopoly? What is "information asymmetry"?
Evaluate Gatorade’s decision to launch the new G Series product line and the challenge this represents to the company from an integrated marketing communications perspective.
Assume market demand is given by: QD = 10 – P and market supply by: QS = P – 2. Let’s consider a situation where the government is seeking to control prices at above equilibrium levels, at PC = $7. In other words, the government is imposing a price f..
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price. Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q...
Will this cost increase make the tobacco companies better or worse off, and will it lead to higher or lower prices for cigarettes?
Second-degree price discrimination occurs when
Now suppose the economists allow for crowding out. Illustrate what would their new estimate of the MPC be larger or smaller than their initial one.
Social security was created as an “unfunded” or “pay-as-you-go” plan. Explain how an “unfunded plan works. Suppose we suddenly ended social security today. How would the return earned by the last generation of retirees compare to that earned by the f..
Choose a company whose stock is publicly traded on a United State stock exchange. What strategic changes has this company made over the last 18 months to respond to changing macroeconomic conditions?
There are 20,000 hours of labor for country A. 5 hours of labor are required to produce 1 unit of S, while 4 hours are required to produce 1 unit of T. Find the shape and dimensions of country A's PPF.
Draw demand, marginal revenue and marginal cost curves for each market. Approximate profit maximizing prices and quantities graphically and/or determining solutions algebraically. Illustrate what are firm's total profits.
Elucidate the relationship between P > AVC and a firm's contribution margin, when a firms is making a decision to shut down operations.
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