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In January 2007, XM enjoyed about 58% of satellite radio subscribers, and Sirius 160;had the remaining 42%. Both firms were suffering losses, despite their dominance in 160;the satellite radio market. In 2008, the DOJ decided not to challenge a merge, and 160;these two firms united become Sirius XM. If you were an economic consultant for 160;Sirius, what economic arguments would you have presented to the DOJ to persuade 160;it not to challenge the merger?
Assume the rural wage is $1 per day. Urban modern sector employment can be obtained.
Milton Friedman faiths in a steady growth monetary policy. Illustrate what does that mean and critique this approach.
What alternative policy would you propose to make plenty of housing available to low-income families that would not be subject to the problems of rent controls? Illustrate the effects on supply and demand from part 1.
In Gelate, Pennsylvania, the market for compact discs has evolved as follows. There are two firms that each use a marquee to post the price they charge for compact discs.
Assume the market can be described through the following three sources of systematic risk with associated risk premiums.
Illustrate what shape do you think the marginal benefit curve is for carbon dioxide abatement.
In an article regarding the sales of SPAM (the food product) it says "sales are growing by double digits". Is the reason people are buying more Spam due to a price reduction or a change in one of the determinants of demand
One of the important points of week one is scarcity and it applies to resources. What are resources Give some examples of the resources that you have at your disposal and how you use those resources. What makes them scarce
At a product price of $56, will this company produce in the short run explain why or why not? If it is preferable to produce, what will be the profit-maximizing or loss minimizing output
Describe why population growth has such a negative impact on economic growth in Malthusian and Neoclassical growth models.
Explain when is equilibrium achieved in the foreign exchange market. Why is foreign exchange hedging beneficial to an organization.
Explain the difference between fixed production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology.
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