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1. If the position of the demand curve for digital rock music albums unchanged, what can account for a continuing rise in the market clearing price?
2. If your answer to Question 1 explains why album prices have been rising what can you predict is likely to happen to revenues from albums in the near future?
3. How could the receipt of new information about health implications of foods, tobacco and alcohol affect a customer optimum?
4. Other things being equal, would a customer optimum change if the prices of all items consumed rise at an identical rate? Describe.
5. Why do you suppose that a brand-new firm rarely begins as publicity held corporation?
6. How might tougher regulations and higher tax rates dissuade establishment of new business proprietorships and partnerships?
Did JAL's forward contracts constitute an economic hedge? That is, is it likely that JAL's losses on its forward contracts were offset by currency gains on its operations?
What is elasticity of demand and how is the notion utilized in economics? Please explain and elaborate.
Assume that instead of maximizing profit, the firm wants to maximize total revenue. Using algebra determine the optimal output, price, profit and revenue for the firm.
What were the deficiencies of context present precluding any systematic analysis?
Draw a production possibilities curve among health and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient health system. Insert two additional points that illustrate two efficient economies, but two that co..
your company manufactures a high-efficiency natural gas furnace. the current price is 2000 per unit. the price
Write down some of the characteristics of perfect competition. Which kinds of industries come closest to perfect competition in the real world?
"No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly does not exist." Do you agree. How might you use concept of cross elasticity of demand to judge whether monopoly exists
In 1999, India did not have shopping malls. It now has more than 100 malls. explains this rapid development.
write an essayause an indifference curve-budget line analysis to depict the situations prior to the ban on smoking of a
Distinguish between the terms bundling, multidivisional, matrix and network organizational structures. Why is decentralization a good strategy? What are possible disadvantages of this strategy?
There are many more sole proprietorhips than corporations or partnerships. Why are there so many sole proprietorships Why is the revenue of the average sole proprietorship less than that of the typical corporation
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