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What market structure does the sale of cellphones in the USA represent? Why? How has it changed since the monopoly of Ma Bell? Provide examples.
Why do oligopolists advertise more than "more competitive" firms? Provide examples
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. Explain at what price of computers (in terms of shirts) the two countries might trade.
Research shows that much more money is spent on medical care for the elderly today than 50 years ago. What is the likely reason? Do today’s elderly tend to be sicker and more likely to be disabled than in prior years?
Consider a series of end-of-period CFs spanning 2046-2053, which increase at a 1% rate each period. The amount of the first CF in the series is $92. The interest rate is 3%. What is the equivalent value of this series at the beginning of 2046?
Consider a market with two firms, each with constant marginal cost of $100 and facing a market demand curve of P=1000 - Q where W is total output of the two firms. Suppose they choose simultaneously, what is the Cournot Nash Equilibrium for this situ..
Explain the dual objectives of the Federal Reserve when dictating that nation’s money supply. Given these, explain whether the Federal Reserve has been successful in achieving the objectives over the last 15 years.
Whenever a determinant of supply other than ---------price changes, the supply curve shifts. Elasticity is. When the price of used cds is $4, Daphne buys five per month. When the ----- price is $3, she buys nine per month. If the price of milk ris..
What is South Africa’s, attitudes and beliefs? Religion, material culture, language, organization of society, level of economic development.
In practice, the primary tool used by the Federal Reserve to control the money supply is
Assume no change in current productivity or current labor supply in either country. What is happening to financial flows.
q1. if the college puts a rent ceiling in rooms of 650 a month illustrate what is the rent and explain how many rooms
Tthe price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a.
Imagine a firm in monopolistic competition. A firm in monopolistic competition produces a product that you are familiar with, such as clothing and food. Use the cost and revenue curves for your market with monopolistic competition to determine price,..
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