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Q1. When Wal-mart locates in a smaller town, often the local retailers (e.g., hardware, clothing, appliance store are unable to successfully compete also are driven out of business. why does Wal-Mart have a cost advantage over its competitors?
Q2. the demand also supply equations are the following:
Qd = 800 - 20P Qs = -100 + 10p
Solve algebraically also plot graphically for the marketplace- clearing price also quantity
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
What happens to the profits of boat makers in short run. Illustrate what happens to the number of boat makers in the long run.
A firm with a U-shaped average cost curve finds that its costs exceed its revenues when it sets price equal to marginal cost.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Statistical analysis indicates that a=0.8 and b=0.3. The firm's owner claims the plant has increasing returns to scale.
Over the long run historically, real wages produce about same pace as labor productivity.
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
What are some methods for improving the financing of the U.S. health care system. Are these methods realistic and achievable? Justify your answer with solid reasoning and appropriate references.
Advertising is powerfull strategy to make people aware about company products and services and for this case is to emphasize reliability and low price, this effort will help the company to sustain in this area and to develop a customer franchise a..
Which characteristic of competitive markets permits society to answer the illustrate what to create question efficiently.
Illustrate on your graph and in words all important points and areas on the business cycle.
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
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