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Firms often engage in corporate social responsibility. Discuss three reasons why a firm might elect to engage in such behavior. Under what conditions would corporate social responsibility generate increases in social welfare?
Wage Inequality and Trade – data indicates a growing gap between the wages for skilled and unskilled labor, and several candidates have made this part of the Presidential campaign. What role has trade and immigration played in this process? What impl..
The table below shows a monopolist’s demand curve and the cost information for the production of its good. What will their profits equal? Quantity: 10,20,30,40 Price per unit: 100,80,60,40,20 Total Cost: 100,400,800,1400,2400
The owner of Tracy’s Diner decided to revamp the entire place over a weekend. The new décor included warm colors, such as red, which are thought to increase hunger, and softer lighting, which is thought to encourage customers to linger over their foo..
Amazon’s new tablet computer, the Kindle Fire, has slim margins at its $199 retail price. Admittedly, this product is trying to change the way we read books. Categorize the listed costs as variable or fixed and calculate a contribution margin percent..
Suppose the demand and supply curves for basketballs are given by: Qd = 200 – 5P. Using the demand and supply functions above, the equilibrium price of a basketball is ____, and the equilibrium quantity is ____. On the same graph above, show the effe..
q.briefly explicate what means by the market is a commons. in your brief essay create sure you cover each of following
q.auto company comprises small plant that produces speedometers exclusively. its yearly fixed expenses are 30000 and
A firm is producing 100 units of its product. At this level of output the AVC=$80, and the ATC=$120. The firm is a price taker and the price for its product is $100. Assuming that the firm is maximizing profits and that labor is the only variable inp..
A county with 1M (M for million) population, 2% unemployment, and no in ation, voted to build a stadium and rent it to a professional baseball team. The team owner, who was not a county resident, was to pay $1M per year rent for use of the stadium an..
Suppose you want to invest some money in the bank. Currently, the bank is paying a rate of 5.5% compounded annually. Assume inflation is expected to be 4.5% per year. After taking inflation into account, what is the real interest rate the bank paying..
Excise tax is collected from fishermen, who protest that y alone are bearing burden of this policy. Why might this protest be misguided.
q1. consider an investment that will pay 680 per month for the next 15 years and will be worth 28000 at the end of that
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