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Discuss the common allegation that when all firms in an industry are charging the same price, this indicates the absence of competition and the presence of some form of price-setting agreement.
Bart Wurst runs the only hot-dog stand in a large park in a large boring town. On Sunday’s people in this town all sit in the park and sunbathe. For any t between 0 and 30, the number of people who are sitting within t minutes of Bart’s stand is 15t ..
Wage differences between men and women do not reflect discrimination but rather differences in job continuity and rational decisions with respect to education and on-the-job training.”
Assuming that the MPS is 0.2, government spending is RM15 billion and there is no crowding out. a.) Assuming that MPS increases to 0.3 how much the government should increase expenditure to increase the aggregate demand by RM40 billion?
Why does the Fed manipulate the money supply ? Why might a price "freeze" help monetary policy to succeed?
Explain demand schedule and demand curve, and how they are related? Why does the demand curve slope downward?
Ney Inc. and ARN Parts are the only two producers of bulldozer bucket teeth. The owners of the two firms conspire to charge a monopoly price, with each firm serving half the market. What is each firm's profit? Now suppose that Ney Inc. reneges on th..
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Why organization chosen lower prices to increase revenue.
The higher a country's tax rates, the more likely that country will be:
Calculate and compare the profit under each flight. Should the airline replace its night flight from Los Angeles with a morning flight?
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. Use a demand-and-supply graph to analyze the effects of these ..
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..
Macroeconomics: How does government borrowing crowd out investment? What is the relationship between government borrowing and budget deficits?
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