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What are the advantages of the Herfindahl index over concentration ratios in measuring degrees of concentration in an industry? (b) What is the disadvantage of both?
Write program using any language which uses the array to demonstrate simple FIFO queue with 10 job entering the queue and 5 jobs removed from the queue by the server.
Assume the entire economy contains $5000 worth of one-dollar bills. If people fail to deposit any of the dollars, but instead hold all $5000 as currency, how large is the money supply?
Write the java program which will use breadth-first search (which you implement as part of your program) to determine the closest broadcast vertex for each vertex in graph.
A restaurant industry has a market structure that comes closest to
If the economy is at point C, what is the cost of one more automobile? One more rocket? Explain how the production possibilities curve reflects the law of increasing opportunities costs
A bank in a mediumsized Midwestern city, Company X, currently charges$1 per transaction at it's ATM's. To determine whether to increase price,
Discuss and explain two conflicts of interest faced by an Investment Advisor who is employed by a commercial bank or an investment bank?
Explain in the satirical petition on behalf of french candlemakers, frederic bastiat, a french economist, called attention to cheap competition from afar
Make an analysis by answering questions below. Suppose that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place:
Determine the maximum value of L such that TCP sequence numbers are not exhausted? Recall that TCP sequence number field has 4 bytes.
Ann McCutcheon is hired as a consultant to a firm producing ball bearings. This firm sells in two distinct markets, each of which is completely sealed off from the other. What price should managers charge in each market?
Sketch a production possibilities curve (not a straight line), with consumer goods on the horizontal axis and capital goods on the vertical axis.
For each of the following transactions, identify whether or not it would be included in GDP: What is Metrica's GNP? Is it higher or lower than its GDP?
Suppose your product is Wendy's hamburgers. First "draw" the demand and suppy curve and see how the equilibrium price and quantity is determeined.
What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?
Define the term Consumer surplus, Gi en good and Income elasticity of demand using graph and equation.
Suppose a perfectly competitive firm is producing 300 units of output, P = $10, ATC of 300th unit is $8, marginal cost of 300th unit = $10, and AVC of the 300th unit = $6. Based upon this information, the firm is:
At a price of $24, should a perfectly competitive firm operate or shut down in a the short run if its TC is given as:
In the imperfect competitive market of jeans, Lean Jeans, Inc., recently offered rebates of $1 off the regular $50 price. Quantity sold jumped 4 more jeans from the previous 100 figure the previous month.
Determine price and the level of service if competitive bidding results in a perfectly competitive price/output combination. Determine price and the level of service if the car lot grants a monopoly franchise.
Describe the concept of the law of "diminishing returns" and why does it take place only in short run? Differentiate between "the long run return to scale" and "economies of scale."
Explain how microsofts bundling of free internet browser software with its windows operating system could violate US antitrust laws, and be sure to mention which laws in particular might be violated.
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