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A group of vitamin manufacturers formed a cartel that lasted through most of the 1990's. State the starting and ending dates of the cartel. Just show the dates. More importantly, explain the effect that the cartel appears to have had on vitamin prices.
Demand Pull Inflation: Suppose that the central bank wants to increase output, but the economy is already at the natural rate. Show the short and long run effects of a monetary expansion in this situation in the AD/AS model. You can omit the labor ma..
What is autonomous consumption? Can you explain what autonomous consumption means and use it in an example?
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
Consumers only consume Diet Coke and Potato Chips. Using indifference curves and budget constraints, graphically and intuitively explain what will happen to consumer’s optimal consumption bundle if there has been an increase in the price of Potato Ch..
In which of these instances is demand said to be perfectly inelastic. Elucidate is demand curve is horizontal.
q.remington inc. purchases a machine that costs 700000 and has an approximate d useful life of 10 years a macrs
Your final project will require you to examine any foreign currency of your choice (preferably one from an emerging market), and provide an analysis of that currency against the U.S. dollar over the 5-year period ending with 2010
Suppose market demand and supply are given in a perfectly competitive market for bushels of wheat by: Determine the equilibrium price and quantity. Show the equilibrium graphically. How much of the tax do the producers pay per unit? With the $30 tax ..
A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year. Additionally..
Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others? A recent report released ..
The Philadelphia Phillies defeated the Tampa Bay Rays 4 to 3 to win the 2008 major league baseball World Series. Earlier in the major league baseball playoffs, the Philadelphia Phillies defeated the Los Angeles Dodgers to win the National League Cham..
If Frank's salary as a sales manager was $70,000 instead of $100,000 would your answer be different.
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