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Suppose that the (national domestic) four-firm concentration ratio of Industry X is much higher today than it was 50 years ago. Explain why Industry X may be more competitive today. Consider transportation cost, advertising cost, and imports in your answer.
Evaluate the following statements using graphical analysis. Provide a brief narrative explanation of your graph to support your evaluation. Make sure the axes and curves in your graphs are properly labeled. “When demand for home heating oil increases..
Predict what you believe will be the most significant changes in international taxation you will likely see in the next few years. Explain your reasoning.
q1. you are the proud owner of a baseball card store. suppose you sell 100.00 worth the baseball cards each day with
You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6% per year payable semiannually. You plan to hold the bond..
Considering that poverty rates for some groups have gone down over the last 40 years, and have remained stable for everybody else, yet the overall poverty rate is still about 15%. Discuss whether you think we can ever get the poverty rate below 10%? ..
The inflation-reduction episode of the early 1980s was an example of an
Risk-averse persons sometimes prefer to play some gambles even if they know that those gambles are not fair, i.e., on average people lose by playing them. Which of the following is true for perfect competition but not true for monopolistic competiti..
annual profits which estimate to be 85 million per yr for a 20 yr period. at a corporate MARR of 10% per year, Does project indicate it will make at least the MARR.
Discuss how the two alternatives listed differ on the public-private continuum. Also describe how appropriate public policy might differ as the industry moves.
The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate..
If the supply curve shifts to the right what happens to the equilibrium point (ceteris paribus)? If the supply curve shifts to the right, what does the resulting equilibrium point show us in terms of market price and the amount produced (ceteris pari..
Suppose there are two types of workers: high-ability and low-ability. Workers know their own abilities but firms do not. A high school diploma costs a high-ability person $10,000 and costs a low-ability person $15,000. What value of $K guarantees tha..
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