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Complete a detailed industry analysis for the following 2 industries:
Analyze the digital mobile device industry versus the defense industry in terms of
A) Competition
B) Business Cycle (include the effects that economic trends or economic variables have on the respective industries)
C) Industry Structure (include population and growth, income distribution, regulation, and technology)
If an economy is in short-run equilibrium that is below potential, what forces will bring the economy to long-run equilibrium?
Suppose the exchange rate between the U.S. dollar and the Swedish krona was 6.65 krona = $1.00, and the exchange rate between the dollar and the British pound was £1 = $1.67. What was the exchange rate between Swedish kronas and pounds?
Suppose Bob owns a pizza place in a competitive market. If an additional worker will cost Bob $200 and offers marginal productivity of 40 pizzas, what is the marginal cost of producing a pizza? Show your work and explain your reasoning.
Consider a Stackelberg game of quantity competition between two firms. Firm 1 is the leader and firm 2 is the follower. Market demand is described by the inverse demand function p = 100 ? 2Q. Each firm has a constant unit cost of production equal to ..
In World War II, a German POW camp guard exchanged bread and chocolate with prisoners at the rate of one loaf for one chocolate bar. Inside the POW camp, the price was 15 cigarettes per chocolate bar, and 40 cigarettes per loaf of bread. Is there an ..
Using the information on exhibit 2 calculate the consumer price index in the current year.
Write down a health production function that depends on the two inputs: quantity of medical care and hours of exercise. That is, provide the functional form along with either numerical values of parameters, or (at a minimum) signs of the parameters o..
Describe the roles of government bodies which conclude the national fiscal policy
Assume a firm produces 500 units of a good by using two inputs, capital and labor, whose per unit prices are $10 and $4. Assume also that the marginal physical product of the last unit of capital is 30 and the marginal physical product of the last un..
In the short run, the average total cost curve slopes upward because of:
In neoclassical economics, based on the cost and the demand, a firm is assumed to choose its profit maximizing level of output. According to Hayek, what’s the problem with these assumptions?
In the market for foreign-currency exchange in the open-economy macroeconomic model, which of the following does the amount of net capital outflow represent?
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