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A small-volume automaker limits the number of franchised dealers in the U.S. and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer. The buy its cars overseas and sell them in the U.S., a phenomenon sometimes called a "grey market." If you are a manufacturer do you necessarily want the grey market to cease to exist? Why or why not? How about if you are a franchise dealer?
Rising jet fuel cost recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:
What is your marginal revenue and marginal cost functions? To maximize profits, how much should you produce at plant 1? At plant 2? What is the price that maximizes profits?
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low ?
Would you have a higher consumption standard of living by self-sufficiently producing all the goods you also your family want to consume or by employing your labor.
The market for toasters is a competitive market. Suppose that the quantity of toasters supplied per year depends as follows on the price of a toaster:On a piece of graph paper, plot the supply curve for toasters. How does the quantity supplied of toa..
Trade off liberalization conflict with morally-conscious environmental policies. While it is true that economic growth is necessary for general welfare
How would market forces affect the amount of time the proven oil reserves will last, assuming no new oil reserves are found and that the demand curve remains unchanged?
GRAND RAPIDS, Mich. - Kellogg Company on Monday said its earning growth 17.3% in the 2nd quarter on strong firm wide sales growth, beating Wall's Street's expectations.
The article above says, "Underlying the Treasury market's limited downside Monday is the broad based concern that even with the war in Iraq having been completed,
The airline has an average of 40 passengers paying an average of $200 for this flight. Do you think the airline should be flying between the two cities? Evaluate from a short-run and long-run perspective.
As the author listed as the 1st profit of creation of approx 1000 private sector jobs. Describe the logic of this statement.
To compound the above, Peter knows Ben wants this task done as soon as possible, no longer than six months out and accomplished with little to no headlines. Additionally, Melanie LaFave, Governor's lead counsel, is limited in her knowledge of the ..
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