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when walmart locates in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver out of business why does walmart have a cost advantage over its competitor and charge lower prices?
Try to comprise a discussion of elasticity and the demand curve as well as type of market. Make sure you also include some history etc.
Illustrate what is the opportunity cost for Italy if they only produce 1 bushel of grapes? What about 1 computer.
The stronger the US dollar is relative to the rest of the world, all else constant, the larger the net exports in the US and Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
Why is it not surprising to find that in an oligopoly which sells a basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
Illustrate the potential problems of economic transition from a planned economy to a competitive free-market economy.
Drowns indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure
How much profit does an individual producer make in a month? Is this a long-run equilibrium? If the answer is yes, simply state that it is a long-run equilibrium. If the answer is no, explain whether or not the equilibrium price will rise or fa..
The US congress is presently debating the new budget. Should federal spending be drastically reduced.
Discuss the differences among commodity money and fiat money, making sure to explain what makes fiat money work.
The demand for polished bronze is given by P = 100 - Q/2. Production of polished bronze is controlled by Bronze Indentify BIs profit maximizing output and price. What is the cost to the town of removing the mercury pollution?
What are commodity money, commodity backed money and fiat money? What are the positives and negatives of each type of money.
markets often can and do fail to deliver efficiency, equity or both. The most common claims of such apologists about the failure of markets to deliver efficiency or equity are (1) monopoly power, (2) externalities, (3) information asymmetry, and (..
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