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1-Explain why technological progress will, at best, only temporarily allow a perfectly competitive firm to earn an economic profit and what will happen to profit in the long run.
2-If the same technological progress happens to a monopoly what will it do for its profits?
3-Select any company that you will like to work for. Assume that your boss has asked you to analyze the type of market structure your company falls into. Based on what you have studied, what would you tell him/her and what information would you use to support your answer?
4- The Organization of Petroleum Exporting Countries (OPEC) is an international cartel of a group of large oil exporting countries. It tries to control the price by keeping a check on the amount of crude oil produced by its member states. Is its effect on the crude oil market a harmful or a desirable act?
For an interest rate of 12% and a lifetime of 10 years, which proposal should be selected and calculate your answer in three ways
Suppose that after the wage goes up in the Northern state, workers lose their jobs in the North and decide to move to the Southern state. This increases the population there. Adjust the graph to show what happens to employment and the wage in this So..
Estimate the Mincer wage equation, and report your results in form - Which variables will you need to transform to estimate this equation
you are the manager of a firm that receives revenues of 40000 per year from product x and 70000 per year from product
let us assume you and ten of your friends are going to open and invest in a business. you do not want to pay double
Using supply and demand analysis, show graphically and explain verbally some of the factors that may have led to rising health care costs in the United States from 1960 to the present day.
Let us assume that Machineries are the only type of capital that is used in the production function of a competitive firm. We also assume that the price for the products that are sold by this competitive firm is set at $5. Given the production functi..
Suppose the federal reserve adopts a policy of complete transparency; that is, suppose it announced beforehand how it will change the money supply. According to rational expectations theory, how will this policy affect the Fed's ability to move the r..
Identify and discuss expectations of changes in economic, financial, and international conditions in the near future - Identify the three most significant economic problem
consider a consumer with utility function given by ux1 x2 x1 x2 .i find the demands for goods 1 and 2 when the
Discuss how this price change affects the economy in the short and long term, contrasting the economic effects between the two time frames.
There're many different kinds of monopolies which exist in the market. you're going to talk about the different kind of monopolies, their place in the market, and their effect on society. please describe the following:
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