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The recent mergers in the grocery industry have effectively reduced the number of competitors in California from even changes to three. The remaining chains have said that this would lead to lower costs because of economic of sale. While that might be true, it almost certainly won't lead to lower prices. Why not? Hint: All of these grocery chains put ads in the newspaper every week.
Explain how a conviction changes a probationer/parolee’s legal status with regards to searches, the exclusionary rule, and Miranda warnings. Use appropriate court decisions to support your response. Identify the advantages and disadvantages of probat..
Which one of the following is true? Nike has a less elastic demand curve than shoes. Cigarettes have a more elastic demand than televisions. Salt has a less elastic demand than ice cream. The demand curve for gas is more elastic in the short-run than..
q1. consider the labor market for health care which initially is in equilibrium. suppose the output price for health
Evaluate the costs & benefits of Microsoft’s decision to produce the Surface tablet completely in-house in light of what you know about merged firms versus partners making complementary products. Why do you think they chose to produce it this way?
About John Maynard Keynes. Explain the 4 tenets of the classical position. Consequences of Pease: explain Keynes concerns regarding the Armistice. What did Keynes really mean by “in the long run we are all dead>” Explain how the multiplier can achiev..
An agricultural experiment examined the response of corn production (output C) to variations in two inputs pounds of nitrogen fertilizer per acre (N) and the number of corn plants planted per acre (P). Thus, the production function is on the form C =..
What does it mean to say? Explain and illustrate graphically each. (Chapter 12; Long-run macro-equilibrium, recessions, expansions) a. The economy is in a recession? b. The economy is in an economic expansion with inflation? c. The economy is in the ..
If both the demand for a good and the supply for a good increase, what will happen to equilibrium price and quantity?
How important are Multinational firms (MNFs) in the world economy? What fraction of world output do they account for, and are they beneficial or harmful? Does the power of MNFs to move anywhere in the world restrict policies of individual governments..
Describe how diversity amongst team members contributes to a team becoming and remaining innovative. (100 125 word)?
Ross Perot, a former presidential candidate of the Reform Party, which was a third political party in the United States, had strongly objected to the creation of the North American Free Trade Agreement (NAFTA), which nonetheless was inaugurated in 19..
The items per minute scanned at a local grocery store check-out line is uniformly distributed between 11 and 48 items. What is the probability that the items scanned per minute by a randomly selected clerk is more than 35.9? Provide your answer in de..
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