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In which of the following industries would you expect price collusion to be easier to maintain: mobile telephone service or fast food? Use the factors affecting ease or difficulty of effective collusion to justify your answer.
When unwanted inventories pile up in the stores, how is production affected? What are the steps in the process?
The government of Mass. decides to impose a tax of $0.75 per gallon on gasoline suppliers in order to fund highway maintenance. Calculate how much revenue is collected by Mass. government? Who bears the greater burden of this tax, consumers or produc..
Decreasing returns to scale occurs when a firm has to increase all inputs at an increasing rate to maintain a constant rate of increase in its output.
Joe can make apple pie at a lower opportunity cost than Sandy but Sandy can make more apple pies per day than Joe.
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
Identify and explain five major factors that affect the demand for starbucks. Illustrate what do you think will happen to these factors over the next year.
Explain how your proposed steps will affect money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your response.
In the short run, what is the profit-maximizing price of e-books relating to do-it-yourself topics? At the profit-maximizing quantity, what is the average total cost of producing e-books?
Did the government spending increases and large budget deficits of 2008-2011 strengthen aggregate demand?
explain how governments can contribute, or discourage long run growth through their policies and institutions.
Illustrate what is the marginal revenue from selling another book for the author. Explain how does it compare to the marginal revenue
Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..
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