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A firm can outperform its rivals through cost leadership or benefit leadership, but not through price leadership. Explain.
Suppose that government purchases reduce by $10 billion, with other factors held constant. Compute the change in the level of real GDP demanded for each of the following values of the MPC.
Suppose there are 100 firms in a perfectly competitive industry. Each firm has a U shaped long-run average cost curve that reaches a minimum of $10 at an output level of 8 units. Marginal costs are given by MC(q)=q+2 and market demand is given by Q..
How did they achieve their goals? How did their efforts affect life today? Present your response in a clear, organized manner and cite specific examples.
Discuss the arguments for and against globalization regarding culture, economics and the environment. Describe countries that benefit most/least. What is your opinion regarding globalization?
Consider the equation: Y= C(Y-T) + I + G a. Calculate the total differential for this equation. b. Holding I and G constant, derive an expression for the tax multiplier (dY/dT)
Suppose you have $7,000 in savings when the price level index is at 100.then what is the real value of your savings if the price level declines by 10 percent.
the owner-manager of good guys enterprises obtains utility from income(profit)and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. can you set up the problem and derive the ..
In specially in relation to inflation and unemployment in terms of both rational and adaptive expectations.
1. Am entry barrier exists when firms in an industry charge the lowest price possible for their products? True or False
What are the three macroeconomic goals? Find an article that shows a connection between a current event and two of the three macroeconomic goals.
What are the advantages and disadvantages of the globalization and standardization of culture? Provide at least one specific example of the advantage and at least one specific example of the disadvantage of the globalization of culture.
Use the production function equation to describe the ‘income inequality hypothesis', i.e. that labour income is being redistributed to capital. What might that particular model imply about what is happening and why?
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