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Define and identify the market for each of the following products in terms of (1) market scope (local, regional, national, international( state your reasons why you classify them as local, regional, national or global in scope), (2) likely characteristics of the buyers that make up the demand side of the market, (3) whether the demand side is comprised of several distinctive market segments, and (4) any other relevant and identifiable market characteristics:
Coca-Cola.
Textbooks in economics.
Pro football.
No-return, throwaway glass containers.
Personal computers.
Dry-cleaning services.
All the big computer manufacturers have little "Intel Inside" logos in their television advertisement.
When the price of wheat rises, the quantity of when demanded falls, and when price of wheat falls, the quantity of wheat demanded rises. Therefore, the demand for wheat is not a horizontal line.”
If deposit insurance were abolished, elucidate how would these change incentive structure facing deposit theory institutions.
Describe the goals of the factory owners? Describe the goals of the employees? Describe the problem caused by the scarcity. What is the price of a life.
Why are companies using more technology input while reducing labour input. Why are Average Cost Curves U-shaped. Illustrate what is Law of Diminishing Returns.
A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:
The very recent past in Latin America suggested at least the possibility of a swing back toward populism. Research this question and decide whether current populism in Latin America is similar to past populist movements, especially by comparing econo..
Because real investment by foreigners expands a country’s capital stock and hence presumably its output and income, why should any country consider restricting foreign investment?
A city has decided to build a softball complex and the city council has already voted to fund the project at the level of $800,000 (initial capital equipment). The city engineer has collected the following financial information for the complex projec..
A New York Times editorialist recently advocated a cut in the payroll tax.
Discuss how labour productivity and living standard are related. Examine how property rights affect a nation’s standard of living. Suppose the government grants a tax concession on companies’ investments in order to encourage private investment. Exam..
In a perfectly competitive industry in which firms have U-shaped average cost curves, the long-run market supply curve is a horizontal line. This market supply curve is not the horizontal sum of individual firms’ long-run supply curves.
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