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Estimate the following statement;"Managers should specialize by acquiring only the tools needed to operate in a particular market structure. That is, managers should specialize in managing either a perfectly competitive, monopoly, monopolistically competitive, or oligopoly firm."
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
compute the marginal products associated with K, L, F. Illustrate what is American's MRTS between K and L.
Clarify what action monetary policymakers must take for the actions of fiscal policymakers to have no effect on real income.
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Can Alpha make a credible threat to punish Beta with a retaliatory price cut
Illustrate is the income elasticity of demand for yo-yos. At what price will total revenue realized from their sale be at a maximum.
Should Roscoe's Rascals match the price offered by the competitor.
Illustrate what is the constant term if the equation for the demand curve is written in the form.
Peggy-sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster.
Illustrate would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%.
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