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Question: The adoption of a consumption tax would have a significant effect on the market value of certain assets. Which assets are likely to decrease in value? Which to increase in value? Should the government do anything to compensate the losers or to tax the gainers?
explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
Calculate the monopolist's profit.
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..
What compensation options are available to employers? Describe each. Many have argued that the most important reason for adopting incentive compensation is to communicate to employees how they contribute to the company's success.
Draw the game tree for this mall location game. Describe the equilibrium by using the (complete) strategies employed by each department store.
What is the efficient markets hypothesis and what are the most important characteristics of markets that are necessary for them to be efficient?
Quinoats are a primary staple food in the tiny village of Frizzample, which is located in a far away country that you've probably never had a chance to visit. The technology by which Frizzamplese farmers produce quinoats is represented by this ..
Explain why the waiter will provide bad service and since you are interested in good service, can you convince the waiter, in a binding/credible manner that you will tip him?
Critically compare a collusive oligopoly market structure with perfect competition in terms of price, output, allocative efficiency and consumer and producer surplus. Support your analysis with economic theory and graphs.
Describe how we measure labor productivity, and explain why is it important for a nations standard of living - How do we measure labor productivity?
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive ..
Why might the increase in the overall price level of the good/service you picked have a different impact on someone else's standard of living than it does yours?
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