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There are basically four types of market structure under which a business could operate. What are these market structures? Assume that you are the only producer of a product and have a patent that prevents market entry, what market structure do you belong? What is the optimum pricing strategy you should use under this scenario?
Suppose V=$0, what is Jim's labor supply function now. Draw his labor supply curve. Illustrate what happened to his wage and substitution effects.
The industries or sectors of the economy in which business cycle fluctuations tend to affect output the most are:
Which of the following would be a way that the government could encourage entrepreneurship in an economy? Which of the following statements are true regarding employment statistics? Which of the following best describes an economy that is in recessio..
A pretzel-stand owner in Chicago hires workers to make hot pretzels and sell them to customers. If the firm is competitive in both the market for pretzels and in the market for pretzel-makers, then it has
You purchased a commercial building and lot for $400,000 on April 15th of 2010. The lot itself was valued at $80,000 when purchased. You sold the lot and building on September 15th of 2015. Use MACRS depreciation and note this property is non-residen..
Explain what drives up apps sales and how a company would try to use this new trend of apps to increase sales and be competitive in the market. Give examples.
The national restaurant association publishes an annual industry factbook that can be found at wwwrstaurant.org. Based on information in the latest report, does it appear that macro-environmental factors and the economic characteristics of the indust..
You are purchasing an automobile priced at $29,000 by borrowing at 12% interest compounded monthly. The loan will be repaid in monthly instalments for seven years. What is the constant dollar value (value at the time of financing) of the 36th payment..
If you were the CFO of a company that had to decide on hundreds of potential projects every year, would you want to use sensitivity analysis and scenario analysis or would the amount of arithmetic required take too much time and thus not be cost-effe..
Copiers cost about twice as much as workers. Would you recommend they buy another copier or hire another worker?
Consider a static (one-period), closed economy with one representative consumer, one representative firm, and a government. The level of capital K and government expenditures G in the economy are both fixed exogenously. Formally define a competitive ..
A leading organization, inspired by the Grameen bank, is attempting to provide loans to small farmers. it is leading to farmers in groups of two. Explain three reasons why a strategy of group leading may be better than a strategy of lending to indivi..
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