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What difference does it make it society if the market is monopolized instead of being competitive? With reference to the models of perfect competition and pure monopoly compare and contrast the market and firm level outcomes regarding price,quantity and social welfare.
Does a firm need to diversify across different businesses in order to benefit from economies of scope? Why do firms continue to merge and acquire despite evidence that these transactions destroy firm value?
In the US, doctors get reimbursement based on the quantity of procedures they perform. How might this relate to the observed increase in the medical care expenditures and what type of problems might this reimbursement structure lead to?? (In health i..
q.3-42 jim vendors is viewing about manufacturing a new type of electric razor for men. if advertise were favorable he
Sam is interested in buying two types of goods, x and y. He can either use all his income to buy 3 units of x and 9 units of y, or 9 units of x and 3 units of y. If he spends all his income on x, how many units can he buy?
Suppose that two players are playing the following game. Player A can choose either Top or Bottom, and Player B can choose either Left or Right. The payoffs are given in the following table: where the number on the left is the payoff to Player A, and..
For a given level of inflation expectations, if the central bank increases the money supply growth rate, then in the short run
Discuss whether horizontal or vertical boundaries have been changed, and whether they were extended or shrunk. Following the September 11, 2001 attacks, the U.S. government established the Department of Homeland Security.
Suppose the authorities are considering either a tradable emission permit system, in which they give half the permits to each firm, or a tax system. If both systems work perfectly, how much will the firms have to pay, in total, for pollution reductio..
Participate in a discussion with your classmates regarding the expenditure multiplier effect within your local community, state, or region which magnifies or multiplies expenditures that increase the real GD. Discuss an event in your home city or sta..
determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.
You’re 20 years old, and you’re trying to decide which career path to take based on the future expected streams of income. Occupation A has you earning $15,000 for 5 years, then $25,000 for then next 30 years. Write out a formula to calculate the pre..
As for her personal expenses, her apartment costs her $12,000 per year and her personal bills are an extra $6,000 per year. What is Karen's opportunity cost of running the business.
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