Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Which types of firms would normally maximize profits along with real-life examples?
2. A producer of ballpoint pens has been purchasing ink from an ink supplier and is considering acquiring the ink supplier. Would the pen company be more or less likely to vertically integrate by buying the ink manufacturer if the government taxes ink? Please explain.
3. A large city has nearly 500 restaurants, with new ones entering regularly as the population grows. The city decides to limit the number of restaurant licenses to 500. Which characteristics of this market are consistent with perfect competition and which are not? Is this restaurant market likely to be near perfectly competitive? Why? Are national restaurant franchised chains, perfectly competitive market structures? Restaurants with dress codes, are they considered to be perfectly competitive market structures as well?
4. BMW of Colorado advertises on the radio that it has been owned and operated by the same family and in the same location for over 30 years. It then makes two claims: first, that is has lower overhead than other nearby auto dealers because it has owned the land for the past 30 years, and second, it charges a lower price for its cars because of its lower overhead. Discuss the logic of these claims.
5. The "Upward-Sloping Long-Run Supply Curve for Cotton" Mini-Case shows a supply curve for cotton. Discuss the equilibrium if the world demand curve crosses this supply curve in either (a) a flat section labeled Brazil or (b) the following vertical section. What do cotton farmers in the United States do?
Suppose that a new technique for harvesting lumber more efficiently was discovered. Illustrate the effect you think this would have on the market for lumber. How will the price and quantity sold of lumber move? How would this affect the purchasing de..
Tom is stuck with his friends on an island that uses coconuts for currency, but they recently discovered Wilson’s Island nearby. Tom’s Island agrees to make only one transaction with Wilson’s Island: It sells a fishing boat to Wilson’s for 15 coconut..
In the short run, the marginal cost curve crosses the average total cost curve at:
The economic inefficiency of a monopolist can be measured by
United States and China - You have been recently hired by a multinational firm that manufactures airplanes parts. They are interested in investing in a new factory. However, the CEO is unsure of where they should invest. Explain why you selected thos..
Describe the differences between shortages and scarcity. In answering this question you should think difference between the short run and the long run in economic analysis.
How have corporate profits been effected by the recession and the recovery? Has the number of immigrants, both legal and illegal, coming to the United States over recent decades increased, decreased, or stayed the same? Which pair of regions constitu..
Suppose the following table shows the number of labor hours needed to produce airplanes and automobiles in the united states and south korea, but one of the numbers is unknown. SK-#of hours to produce planes=2,000, produce cars=?. and US airplanes =8..
Interview 10 people on "What type of breakfast do you prefer," and prepare a basic research report. Conclusion: Discuss your findings, state whether your initial hypothesis was correct or not, and provide a rationale for your answer. Also, provide de..
Ace manufacturing produces 1000 hammers per day the total fixed cost for the plant is 5000 per day and the total variable cost is 15000 per day calculate the average fixed cost average variable cost and the total cost at the current output level.
According to the Taylor rule, what is the federal funds target rate under the following conditions?
Outward Shift in the demand for capital occurs in an economic boom when increased construction of plants, buildings and other capital-intensive business activities requires huge outlays of investment. In this scenario, interest rates tend to rise alo..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd