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1. How many bookstores are on or near your campus? If there were more bookstores, how would the price of new and used books be affected?
2. What entry barriers exist in (a) the fast-food industry, (b) cable television, (c) the auto industry, (d) illegal drug trade, (e) potato chips, and ( f ) beauty parlors?
3. Why does RC Cola depend on advertising to gain market share? (See News, p. 244.) Why not offer cheaper sodas than Coke or Pepsi?
outline a microeconomic reform issue that is relevant to the australian economy and how successful do you think these
examine two 2 organizational forms of business e.g. functional product etc.. predict the possible implications of the
Consider a firm in a perfectly competitive industry. The firm has just built a plant that cost $1,700.Each unit of output requires $14 worth of materials. Each worker costs $11 per hour.The firm's production starts at 300 units with 1 worker (40 h..
How many molecules are there in 6.802 g of hydrogen peroxide?
Using the Internet, library and/or other resources, research and briefly explain 2-3 methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.
Prove that it is a Nash equilibrium for players always to send instruc tions to play noncooperatively. What is the expected payoff to the players in this equilibrium?
If the price level is above the equilibrium price level, how does the aggregate quantity of goods and services demanded compare to the aggregate quantity of goods and services supplied at the price level? Is this a condition of equilibrium? If no..
1 the file corruption.xls contains country-level data on two variables. one of these is a measure of perceptions of
Build the time series for the Index of Openness (Export of Goods/GDP) using a spreadsheet and build the time series of Imports of Goods/GDP.
How does the picture of investment described in your textbook compare to that illustrated by the authors of this group of readings 2. Is there anything that can be done to make our credit system a source of growth and stability
the toilet manufacturer has proposed a quantity discount schedule for toilets as reflected in the following table for
Price elasticity of demand for this curve at any arbitrary point (say point E). To do so, first write the algebraic form of this Use your results from part a together with the fact that distance X in the figure is given by the current price, P*, to s..
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