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Q1. Elucidate how did the invention of crack cocaine transform the urban street gang?
Q2. Some industries seem to always have higher overall profitability than other industries. Why is this?
Q3. Assume the personal computer organization is perfectly competitive also currently in long-run equilibrium. This year, all the industries in the organization are purchased by a corporate raider, who then operates the organization as a monopoly also seeks to maximize profits from the sale of computers. Which of the subsequent is a likely consequence of the monopolization of the organization?
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.
Illustrate what would be the size of the resulting deadweight loss relative to the competitive outcome.
Determine the quantity demanded, the quantity supplied, and the magnitude
What is the value of net domestic product (NDP)? What is the value of national income (NI).
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
A car manufacturer claims that its vehicles average at least 25 miles per gallon.
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
Assume that the newspaper can't differentiate students from teachers and can only charge a fixed price per article.
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