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University X has started offering MBA courses not only at its main campuses but also at suburban locations, such as the malls located in nearby cities. In what ways do the offering MBA courses at other locations create producer and consumer borne value to both the university and the malls? What factors affect the ability of the university and malls to capture value?
Using the Lerner index, find the price elasticity of demand for Botox and interpret what this value means to total revenue if the price of Botox were increased one percentage point.
Discuss the feasibility of lower middle or low income countries resorting to fiscal stimulus to stave off recessions in their own economies. You can use one or more countries as examples.
An increase in input prices for rice production; and an improvement in rice production technology. Use diagrams to analyze the effects of these changes on equilibrium price and quantity.
After her final exam this semester, Sylvia must drive from her school in Philadelphia to her home in upstate New York-What are Sylvia's expected .ne, expected wealth, and expected utility if she travels through PA?
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encouraging entry.
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
The following is a list of figures for a given year in billions of dollars. Calculate the GDP and NI.
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
Draw a graph of the UK labour market that shows the demand for labour, the supply of labour, and the real wage rate in 1973 and 2003. Draw a graph of the UK production function in 1973 and 2003. Make sure your graph shows potential GDP in both year..
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