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If total costs at each output level were to double, would the profit maximizing output level be greater or smaller? Can you answer this question without performing any calculations? Explain.
If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area?
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
The Second Industrial Revolution (ca. 1865 – 1920) brought with it tremendous economic growth and intense social change. Explain what those new conditions were like and how they emerged in this period of intense industrialization, citing examples fro..
If the fed begins shifting the ad curve rightward at a faster rate than in the past, the short-run effect is a
Will the offering need to be registered with the Securities and Exchange Commission (SEC) under the Securities Act of 1933? Explain. Does your answer differ if “Shares in Learning” are issued by Private College, a proprietary for-profit institution t..
In the Cutler, Glaeser and Shapiro paper entitled why have Americans become more obese? Name four testable implications that the proposed theory has for food consumption? and any solution for this problem?
Consider the Sherwin Williams Company example discussed in this chapter. Suppose one is interested in developing a simple regression model with paint sales (Y) as the dependent variable and selling price (P) as the independent variable.
Other things equal, increasing home prices tend to:
q1. assume that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. if
Suppose a firm sells a good in 2 markets, each market is characterized by their own respective demand curve. Calculate the profit maximizing outputs and prices in each market assuming the firm can price discriminate. Calculate the own price elasticit..
Interest rates keep dropping. In my country in northern Europe we now have negative interest rate - banks have to pay the central bank for lending it their money. Why interest rates are lower than any time ever before?
What would you expect to happen to the domestic money supply as R and Y both increase along a stable BB curve? Explain in intuitive terms what forces would tend to bring about such a change in the money supply.
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