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Q. 1) The Contracting and Organizations Research Institute at the University of Missouri maintain lots of interesting information about the evolution of the firm. What kind of issues economists are studying? (Answers may vary)
2) Do you think a supply/demand model is too simple to explain the real word? Briefly express your own ideas.
3) What is the relationship between technology and supply in general? Briefly explain.
4) We know tastes and preferences play an important role in demand. Do you think of any possible future "popular product"?
5) In what markets, expectations are very important? Can you think of an example?
Assume that the firms form a cartel to maximize total industry profits. Determine the optimum output as well as selling cost for each firm.
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.
Calculate the four combinations of outputs of corn and rice for these 4 plans.
Assume no change in current productivity or current labor supply in either country. What is happening to financial flows.
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
Clarifying resource demand as well as differs from those determinant product demand.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Which of these same curve would shift as a result of the per-burger tax. Curves average fixed cost,marginal cost would shift as a result.
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
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