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64. Q1. In relation to ITUNES music store, further variable pricing, elucidate what are some other potential pricing policies that could enhance income? Elucidate what are the risks and potential costs of implementing more sophisticated pricing schemes for the downloaded song? What do you think that Apple's ability to control the pricing of downloaded song is likely to change in the future? Elucidate?
Q2. Consider an overlapping generation's economy with two assets Â-capital and money. Suppose the number of young people born in period t is determined by Nt = 1:5Ntô€€€1. Capital pays the gross rate of return X = 1:25. For what values of z (the gross rate of money stock growth) will Â...at money be valued?
If your rival advertises and you do not, you will make $1 million and your rival will make $3 million. Does rival have a dominant strategy. What is Nash equilibrium for one-shot game.
Discuss the organizational structure of your selected organization, then compare and contrast it with two different organizational structures.
Suppose the firm chooses this input combination. What is the firm's short run cost function? What are the firm's fixed costs? What are the firm's variable costs?
Explain the concept of countertrade. When does counter trade make sense? How does counter trade help solve the nonconvertability problem?
The airline is considering building a new training center on this land.
If the George Firm is minimizing costs, its RTS is 1.5, and it pays its workers $30 per hour, how much must it pay for each hour it uses its capital?
Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.
Describe how a developing/emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages. How can they benefit from trade with a poor country?
Utilize this concept to construct an example in which a risk-averse individual prefers a gamble to a certain amount of money.
Suppose that the government imposed a $1 tax each time someone used an ATM. How would this tax affect output and the price level in the short and long run?
Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children
Consider an oligopolistic market with two firms. Each of them produces using a cost function then what is the value of that maximizes total consumer well-being?
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