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Identify the conditions under which a firm operates as perfectly competitive, monopolistically competitive or a monopoly. Explain the concept and how to achieve competitive advantage. Please use examples or research to support your post.
Consider a group of 10 friends who are considering going on a road trip. In determining whether or not to go, each friend considers both how much they would enjoy the trip and how much it will cost them. The cost of the trip will be $500 total, and w..
Explain what the lock-in effect is for capital gains that are taxed on realization. How can the effect lead to inefficient allocation of capital? b. Explain what a Roth I.R.A. is and show how its availability affects a competitive consumer's budget s..
Suppose an individual has the following utility function defined over wealth: U = U(√wealth). The individual has an initial wealth level of $20,000. What is the expected loss? What is the maximum amount this individual is willing to pay for insurance..
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might
What are transnational corporations (TNCs, or multinational corporations, MNCs) and how are they different from other business firms? Why have the MNCs become more important in international political economy during the past three decades?
You’ve recently learned that the company where you work is being sold for $290,000. The company’s income statement indicates current profits of $9,000, which have yet to be paid out as dividends. Assuming the company will remain a “going concern” ind..
How much will total output increase in terms of percent? What happens to the rental price of capital? What happens to the real wage?
What are the components of aggregate expenditure? In the model developed in this chapter, which components vary with changes in the level of real GDP? What determines the slope of the aggregate expenditure line?
Which of the following describes America's current party system?
Explain briefly the various parts of the circular flow diagram representing the interactions between households and firms in a simple economy.
Which of the following are not assumed by economists to control for various factors that are not relevant or important to understand and analyze using a model a specific real life situation that economists are concerned with in a given situation?
Is the plan simple and succinct? Is it easy to understand and act on? Does it communicate its content clearly and practically? Is it not unnecessarily long? Is the plan realistic? Are the sales goals, expense budgets, and milestone dates realistic?..
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