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What characteristic(s) of oligopoly make their prices and output levels "sticky?"
Does this make the competitive environment for firms more risky or less risky?
Pamela earns a yearly salary of $150,000. During year 1 she invested $80,000 for a 20% interest in a passive activity. Operations of the activity in year 1 resulted in a loss of $500,000, of which Pamela’s share is $100,000. In year 2, the activity g..
Which of the following are true for all firms? Which are true for competitive firms only? Which are false for all firms?
Sue, of Sue's Sandwiches, sells sandwiches and soda from a sidewalk cart in a popular park near her home. She sets up her rented cart in the summers to raise money for college. Last month she sold $3,000 worth of product (sandwiches and sodas) to 300..
If the utility function (U) between food (F) and clothing (C) can be represented as U = FC, the marginal rate of substitution of clothing for food equals? Please explain how to het MRS from utility function and formula?
What are the effects of taxes on price level? Why?. In your opinion, do taxes lead to efficiency or inefficiency?. How does a free market eliminate a surplus?
Transfer pricing is a contentious issue for almost any company where divisions buy from or sell to each other. Stated another way, transfer pricing causes more conflict between divisions than almost any other issue. Give an example about this issue. ..
q1. suppose the following data apply total bank reserves 22 billion total bank deposits 400 billion cash held by public
Graphically, the reservation wage is shown by:
The price elasticity of demand for gasoline is 2. What effect will a 10% reduction in the quantity of gasoline placed on the market have on the price of gasoline?
According to the monetarist view,
If price lowered from $10 to $8 and quantity demanded rose from 50 to 51, calculate elasticity; state whether demand is elastic, unit elastic or inelastic and find out how much total revenue was when the price was $10 and $8.
If you were responsible for setting the NAAQS for lead, what key determinants would you consider if the standard were established to meet the efficiency criterion. Be sure to itemize separately the benefits and costs associated with your decision.
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