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Q. 1. Does easy access to distribution channels at Best Buy, Office Depot, as well as the direct- to- consumers on the Internet, as well as small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business? Why?
2. Do suppliers appropriate little or most of the value in the PC value chain? Why?
3. What factors determine the intensity of rivalry in an industry? Is the intensity of rivalry in the PC industry high or low? Why?
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visited Yellowstone Park, 40 percent visit the Tetons, and 35 percent visit both.
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
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