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The U.K. Body Shop franchise network consists of three types of stores—franchised, company-owned, and partnership stores. All stores that are distant from headquarters by more than 300 miles are franchised. More than half of the company-owned stores are within 100 miles of headquarters.44 How can you explain these facts?
Suppose the supply curve is Q=2P. Suppose there is no sunk cost. what is the producer surplus if 10 units of the good are sold at price P=5. graph the supply curve, P=5, and the area of the producer surplus
What do so many politicians and journalist tell us that fair means? After fifty year of poverty fair programs in the US what are the results? What was an early definition of social justice? What is the current definition of social justice? What are t..
Why do governments prefer to avoid excessive current account surpluses? Or, why are growing domestic claims to foreign wealth ever a problem?
There are 2 fishermen, Zach and Jacob, who fish along a certain coast. Both would benefit if lighthouses were built along the coast where they fish. The marginal cost of building each additional lighthouse is $25. The demand curves for lighthouses ar..
Japanese rice producers have extremely high production costs, in part due to the high opportunity cost of land and to their inability to take advantage of economies of large-scale production. Now an economist is trying to analyze two policies which a..
Life has become yet more complicated. Government spending works with a distributed lag. Now when $1 billion is spent today, GDP increases by $1 billion this period and $1.5 billion next period.
If a U.S. firm purchases a foreign company located in another country, the transaction is accounted for in the balance of payments as part of:
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Find out industry's profit-maximizing cost and quantity. Illustrate what is its profit. industry's production manager claims that industry's average cost of production in minimized at an output of 40 units.
If Mia views two cups of tea as a perfect substitute for one cup of coffee and vice versa, what is her marginal rate of substitution between tea and coffee?
What are the Pros. And Cons. Of Minimum Wages Law. What is the opinion of criticizers on minimum wages law. Does Minimum Wages law favor the poor. How Minimum Wages laws exploit poor. Minimum Wages law decreases employment ratio in the country, is it..
Is the distribution of income in the United States equal or unequal? What are the causes of income inequality? What is the argument in favor of income equality? What is the argument in favor of income inequality? How effective are federal and state i..
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