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Of the four industry structures we discussed (monopoly, competition, oligopoly, monopolistic competition), very briefly what is the main advantage and disadvantage of each? Do you see a preferred/ideal industry structure? Why/why not?
What approach has become an effective means of achieving environmental goals at the least cost to society?
One of the most striking aspects of cities in the former Soviet Union is the poor condition of public places. Streets, parks, libraries, museums, concert halls, and public gathering places of every description are all in very poor condition, revealin..
Which of the following would cause the real exchange rate of the U.S. dollar to depreciate?
Elucidate how a profit from selling the drug. This is, in part, due to the fact to the company spent $1.2 billion developing the drug also obtaining FDA approval.
The government sets a price floor of $5 in the above market. Is this price control binding? If so, is there a shortage or a surplus and what is its magnitude.
According to Friedman, is the most effective method of destroying a free market?
Suppose n firms are submitting a bid to offer their firm’s services. Your cost of providing the service is c. All of the firms will submit sealed bids. The procurement officer will look at all ofthe bids and select the lowest bid but pay to the lowes..
A 20 year coupon bond with face value $100,000 and a 4% coupon rate has a yield to maturity i = 0.08. What is the value of the annual coupon payment? What is the price of this coupon bond?
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. How much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
Provide an appropriate response. The annual revenue and cost functions for a manufacturer of zip drives are approximately image and image, where x denotes the number of drives made. What is the maximum annual profit?
3 suppose the real side of an economy is characterized bynbspy 80k12 l12 k100 and l 100nbspg 3000 t 3000nbspi 2000
Feinberg observes that in 1973 when he wrote his article, the top 5% of households in the USA gain 20% of the income in the USA while the bottom 20% of households gain 5% of the income. (In 2011, the top 5% of households in the USA gained 22.3% of th..
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