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1.Indicate whether each of the following is a private good, a common resource, a natural monopoly, or a public good (according to the definitions in your textbook),A. A fireworks displayB. A movie viewed at a large theaterC. A video rental2. The consumption of alcohol is often cited as an example of a negative externality. Explain a situation in which alcohol would be considered a negative externality.3. Describe the purpose of antitrust laws. What do they accomplish?
Industry structure is often measured through calculating the Four-Firm Concentration Ratio. Assume you've an industry with 20 firms and the CR is 30%. How would you describe this industry?
Industry supply and demand are given by QD = 1000 - 2P and QS = 3P. Determine the equilibrium price and quantity?
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?
The e-Activity presents two contrasting points of view. The employees who have been laid off and Weyco Incorporated have different interests and desires, and the decision made by Weyco to provide employees who smoke with an ultimatum-quit smoking ..
Suppose that you are on holiday in Russia, when suddenly you are arrested and accused of spying for United States.Your captors tell you that if you confess, you will receive a prison sentence of 2-years,
I have recently been employed by a new company selling electronic dog feeders. My customer has asked me to gather some information on the supply and demand for feeder,
Explain why a customer who select a consumption bundle in which relative price exceeds the marginal rate of substitution can not be at an optimum.
Has the capital structure changed significantly over time? Is this an appropriate capital structure for this business? Why or why not?
Currently, the economy is in equilibrium at Q = 3200 (where Q = potential GDP) and P = 100. You can use monetary and fiscal policies to affect aggregate demand but you cannot affect aggregate supply in the short run.
You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C = 40 + 5Q^2. Your firm's maximum profits are: A. 125, B. 250, C. 100, D. 85 6. A perfectly competitive firm faces:
What choice of payment systems will be used and how you will address privacy and other relevant ethical concerns - how you will address legal issues connected with the e-commerce business
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