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Identify the most important obstacle that makes the retail market of canned soft drinks not perfectly competitive and suggest ONE government policy to enhance market efficiency by promoting the competition in retail market of canned soft drinks.
In a monopolistically competitive market, the rule for maximizing profit is to set MR=MC, which means. Perfect competition displays________________________ because the social benefits of additional production, as measured by the price that people are..
A couple wants to save for their daughter’s college expense. The daughter will enter college 10 years from now and she will need $45,000, $46,000, $47,000 and $48,000 in actual dollars for 4 school years. Assume that these college payments will be ma..
Domar properties plc have a site covering 20,000 meters square on which they wanted to build a mixed estate of 2- & 4-bedroom houses. The 2-bedroom houses will each occupy a plot of 60 meters square and will be sold at a profit of $15,000. On average..
Suppose that demand for good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?
Suppose you own a house in Mobile, AL. Your house is currently worth $200,000. Suppose there is a 5% chance that a food destroys your house, in which case it will be worth $0. You have $50,000 in your bank account.
If it makes sense that one type of labor can substitute for another in production, how can capital, a physical object, substitute for labor, a human being?
Peggy is a single mother who currently does not work and has a two year-old child named Bud. Peggy’s concerned parents give her $30/day (non-labor income) to support her and Bud. Peggy has just interviewed for a job as a cashier at Whole Food’s groce..
what he has learned to estimate the demand for ice cream in his father's parlor during his summer vacation. Using regression analysis.
Automatic stabilizers
Most large airlines operate networks, or hub-and-spoke systems, which connect many spoke cities (or nodes) with flights to and from a hub airport. A network carrier serves 39 spoke cities from a single hub. How many city-pairs does it serve? How can ..
Indicate if GDP is affected, under what category and what happens to GDP Oklahoma cleans up after a devastating tornado.
What does the Coase Theorem say about the two remedies when there are no transaction costs - What is the efficient outcome - for the factory to shut down, to run silently, or to run noisily?
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