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1-"GDP" Please respond to the following:
2-In the lesson presented by Sal on Oligopolies and Monopolistic Competition he creates a two dimensional grid of the market types based on number of competitors and degree of product differentiation. Make sure you view this lesson.
Movie theaters generally charge the same ticket price for all movies with evening show times, regardless of popularity. This pricing strategy causes surpluses for unpopular films & shortages for popular films.
In both countries, g=0.02 and δ=0.04. Find the steady state value of y for each country.
consider a market where demand is p 6 - q and supply is s p q.1. equilibrium quantity qe isa. 2b. 3c.
John Piderit the general manager of the Western Tool Company is considering introducing some new tools to the company's product line. The top management firm has identified three types of tools (referred to as projects A, B, and C). the various di..
Compute the point price elasticity of demand for bearing grease.
Discuss the use of such national income accounting metrics as GDP as measures of social well-being - Is GDP a useful and accurate guide to the attempt to quantify the welfare of society in the aggregate? Explain.
Explain what caused the Financial Crisis of 2007-2009 and explain how in the economy could be self-regulating in the long-run and should recover from the Great Recession.
Determine whether returns to scale are decreasing
Explain whether the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved- providing some poor people with vouchers that can be u..
Mineral resources are an important source of revenue for developing nations. Royalties are one method of receiving payment for allowing investment, but often foreign companies send profits out of the country.
A company in a purely competitive industry is currently producing 1000 units a day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300.
a. lisa consumes only pizzas p and burritos b. her utility function is up0.5 b0.5. the price per pizza is 10 and the
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