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Describe how and why Oligopoly (game theory) would make one into a better manager. Also would this answer change as time goes on and have to be modified to fit the realities of the developing world. If yes or no, why?
In a class of 40 student,18 pass maths, 19 pass account,16 pass economics 5 pass maths and account only, 6 pass maths only, if each student pass at least one of the subject.Calculate the probability that a student selected at random fail in account.
Some nations have very different economies. In the absence of market-set prices, how are prices determined for household goods.
Differentiate between a change in quantity demanded and a change in demand. In the three months before a $1 per pack cigarette tax took effect in Alaska, smokers bought 175 million more cigarettes than during the same period a year earlier.
The Fed should simply increase the money supply at the same ratethat the full employment economy grows, and the government shoulddesist from any stabilizing urges." What school of thought would make this suggestion, and how do economists of that scho..
The tire shop sells 50 tires a day at $75. After they raise the price on tires to $85, they now sell 46 tires a day. what is the elasticity of tires at the tire shop.
Tommy spends most of his monthly budget on $3 video game rentals or $6 packets of Pokemon cards. The opportunity cost to Tommy of an extra packet of Pokemon cards is:
Ilkka’s income is $120 and he spends it on two goods, X and Y. His utility function is U = XY. Both X and Y sells for $2 per unit.
Consider an air basin with only two consumer, Huck and Matilda. Suppose Huck's demand for air quality is given by q_h=1-p where p is Huck's marginal willingness to pay for air quality. Similarly, Matilda's demand is given by q_m=2-2p. Air quality ..
Your company is considering a price reduction on a product which currently sells for the price of $5.00.The price elasticity for the product is roughly equal to -2.3 over the range being considered for the price change.
If an agent is liquidity constrained, then an unexpected increase in transitory income of $100 can result in the agentís current consumption increasing by $100"
For several years, Palm was the dominant manufacturer of PDAs (personal digital assistants). However, a number of other manufacturers have since entered the PDA market.
What is the unemployment rate? What will the unemployment rate be if the unemployed increases to 7 million and 3 million individuals become discouraged workers?
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