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Wal-Mart is the largest corporation in the world. During 2012, it made about $425 billion in sales, representing 1.9 percent of GDP in the U.S. Even during recession years, its sales have grown.
Explain what: (1) economics of scale; (2) economies of scope; and, (3) monopsony power have to do with Wal-Mart's rapid expansion, large size, and high level of profitability.
Can Wal-Mart sustain such growth rates and, if it does, what is the logical end to this process?
Graph the demand for dollars and supply of dollars against the exchange rate. What is the value of the equilibrium exchange rate?
Why is it not surprising to find that in the oligopoly which sells basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
1. suppose the demand curve for a good is given by the equation p 200 - 12 q and the supply curve is given by the
corn prices are up more than 60 over the last seven weeks as the worst drought in more than half a century blankets the
Suppose the two countries are not trading and that both desire to have equal numbers of feet of timber and baskets of fruit. How would they allocate workers to the two sectors?
Draw a graph of aggregate demand and aggregate supply to illustrate the current situation. Be sure to include the aggregate demand curve, the short run aggregate supply curve and the long-run aggregate supply curve
What is the profit-maximizing level of output of master cream (in bottles)? What is the profit-maximizing price? What is the maximum level of profit?
Financial markets make it possible for those who have saved money to earn a reward by providing the financing for business formation and expansion. Business owners can seek financing through the stock market, the bond market, or the banking sector..
this week you will apply the specific knowledge of market structures you have gained in class to abbott laboratories.
Provides a background commentary on the cost structure and the level of competition experienced by your firm/industry. You must include demand and supply factors, fixed and variable factors/costs, price elasticity and the aims of the firm/industry..
Monopolies are price makers and as such should be able to set price where they will make a profit. Is this statement true? Why or why not?
briefly explain the theory of rational expectations. what makes supply-side economics theoretically attractive? what
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