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1. How does competition relate to communism, socialism, fascism, capitalism and monarchy? 2. To what extent does capitalism include “crony capitalism” and why? 3. What roles are played by: a. Competition? b. Prices? 4. Is competition confined only to prices, or does it extend beyond prices? 5. Do competitors relish competition, or do they try to avoid competition? If they try to avoid competition, how do they attempt to do so? 6. Is it the same thing, or is it different, to be pro-competition versus pro-competitor in some cases but not in other cases? Why?
When the colts won the super bowl the demand for peyton manning's jersey was: P = 210 - 0.002Q with a corresponding marginal revenue of: MR = 210 - 0.0004Q IF the marginal cost of producing a jersey is $10, how much are the trademark licensing rig..
If taxes were cut by 1 trillion adn the mpc was .8 how much would total spending. Increase in the first year with two spending cycles? Increase over an infinite time perios?
This is labor economics. Here is a question. If a modest but binding minimum wage is placed on a competitive labor market, what will happen to the price of the good made by firms in this market? How does your answer change if this is monopsonistic la..
Suppose that, in a perfectly competitive market at the profit-maximizing quantity, the market price is greater than average total cost. Carefully explain what will happen to the number of firms, the market supply, and the price of the good as we move..
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
Illustrate what is the short-run market supply curve. Find out the short-run equilibrium cost and quantity in this industry.
An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a down payment and the balance paid in 48 equal monthly payments with interest at 1% per month. The payments are due at the end of each month. Comp..
Jim’s diner is just about to open in Memphis, Tennessee. However, Jim is trying to decide whether he wants to offer Coke or Pepsi soda products. He determines that, to offer either product, he will have to spend $1,600 in sunk costs to purchase and i..
Select a country in which the government has implemented industrial policies. Have the industrial policies contributed significantly to the country’s economic growth? Have the policies lead to problems in the country’s economy? Need citation
Assume the size of the expenditure multiplier is ?G = 2. What is the effect of an increase in government purchases by ?G = 200 on income and the interest rate? By how much will private investment be crowded out as a result of this increase in governm..
A project that provides annual cash flows of $11,600 for 9 years costs $64,230 today. If the required return is 5 percent, the NPV for the project is $ and you would (Click to select) accept reject the project. At a discount rate of percent, you woul..
Mitchell's income is $150, the price of X is $4, and the price of Y is $2. Given these prices and income, Mitchell buys 20 units of X and 35 units of Y. Call this combination of X and Y bundle J. At bundle J, Mitchell's MRS is 1. Given these prices a..
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