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Several questions in this problem set are based on the 8/19/12 Wall Street Journal article "Cartel Pushes Up Price of Rubber." This article is at the end of the module on Antitrust Policy. Try to read the entire article carefully first... and then see if you can answer the questions (rather than fishing out the answer each time). Obviously you will go back and check to make sure you have it correct ... but to absorb the content it is best read it all first before going back.
In what ways is TopGlove responding?
A. They are on the verge of bankruptcy and are looking for buyers.
B. Stopping production of rubber-based products and diversifying into plastics.
C. Raising prices to consumers and investing in its own rubber plantation
D. Keeping prices constant (which means lower profits) so as to not lose consumers
If one yr later the marketplace interest rate increases by 5% also they sell the bond, this rate of return on this investment is.
Three stores have a problem with theft, and security is a public good. Let’s use S to stand for the number of person-hours of security patrols per week. The marginal benefit of security patrols to each of the stores is given by the formula MB = 100 2..
List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the three basic economic questions: What to produce with limited resources? How to produce the goods and se..
Explain how are presidential election outcomes related to the performance of the economy. What are the major factors that have affected U.S. household consumption since the recession in 2001.
Determine the minimum sample size to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.2 years.
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
q1. in the exhibit below explain how does the real wage rate at point c compare with the real wage at point a? explain
Illustrate what is the present worth of the planned expenditures at an interst rate of 10% per year.
A monopolist with a straight line demand curve finds that it can sell two units at $10 each or ten units at$2 each. Its marginal cost is constant at $8 per unit. A monopolist would produce how how many units and charge how much? A perfect competitor ..
q.a new water pump has been purchased for 1400 that is expected to require 600 per year in annual operating costs plus
Given this information, evaluate the following statement: Airlines could have the same effect on demand by eliminating their frequent flyer programs and simply lowering the average ticket price by 10 percent.
Illustrate what would occur to the level of domestic investment.
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