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Can you please elaborate on my in the monoply case the MR curve is below the market demand curve? Also, please elaborate on why the market supply curve is the same as the MC curve. Please include graphs to assist with explainations.
Now assume that the firm is divided into two profit centers: the assembly division and the distribution division. The assembly division assembles the product at a total cost of 500 x Q and then transfers it to the distribution division that faces the..
Foreign investment has been called both a blessing and a curse for developing countries. Explain how this can be the case. What has to happen for foreign investment to be considered more consistently as a blessing?
Think of a strategy pursued by the company your work for, another company, or even a sports team. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are mo..
Calculate the ICER for the new treatment, assuming that the new treatment would replace the old one. In what quadrant is the ICER located in Figure 3-4? Is cost effectiveness analysis relevant? How does the answer change if the cost of the new treatm..
Certain behavior associated with anticipated inflation can:
Contingency Plan 1 is a new process introduced by an international health team that guarantees the removal of pathogenic microorganisms in the town’s water system. Evidence has revealed that Contingency Plan 1 will lower the influenza rate to four ne..
What are the pros and cons of electoral system? What are the most compelling arguments you found for continuing to use the Electoral College? What are the most compelling arguments you found that were in favor of abolishing the Electoral College?
If a firm has created value, is it also always able to capture that value? How does a firm create value and then what must it be able to do to capture that value? In your answer, provide an example of a firm that has been able to create value. Then d..
A rise in the rate of inflation, given a fixed nominal interest rate will cause:
Horsehead, Massachusetts lies on a bay inhabited by lobsters. The town council issues permits for trapping lobsters and is trying to determine how many permits to issue. Assume that is costs $2,000 to operate a lobster boat and that if there are x bo..
Describe how the equilibrium wage and employment levels are determined. Depict how a legal minimum wage alters market outcomes.
Due to the increased globalization of financial markets, we can expect all of the following, except:
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