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Think of an emerging energy industry that has differential access to productive inputs. Is it likely that any of the three leading American companies in that industry can develop a sustained competitive advantage? Explain?
Employees bear the cost and earn the returns on investments in general training and employers bear the cost and earn the return on specific training. Is this statement true, false, or uncertain? Give an economic justification for your answer.
Assume the market for fertilizer is perfectly competitive and is in equilibrium. Draw a graph for the Supply and Demand for fertilizer as well as a graph for the individual firm. A change in the weather causes an increase in demand for fertilizer. Dr..
A purely competitive firm finds that the market price for its products is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units.
illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
This is labor economics. Here is a question. If a modest but binding minimum wage is placed on a competitive labor market, what will happen to the price of the good made by firms in this market? How does your answer change if this is monopsonistic la..
Assess how the type of market structure impacts exxon mobil's financial performance as measured by performance variables over the past three years. Support your response with data and graphs illustrating two performance variables overtime? How would ..
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
Twenty-eight percent of all liquid crystal displays (LCDs) are manufactured by Samsung. What is the probability that in a collection of three independent LCD purchases, at least one is a Samsung?
Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
You operate your own business selling university t-shirts. The demand schedule for your t-shirts is as follows: P = 25 - 0.5Q. Graph and label the demand curve for your t-shirts. Calculate the price elasticity of demand when price equals $10. In what..
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