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After listening to the podcast, answer the following
1) Can you determine what some of the fixed cost are producing Frito Lays? What are the variable cost ?
2) Why the bag of Fritos go up? What are the suspects ghat Stacy and Cardiff find are the culprits.
3) Can you determine from the podcast if we are elastic or inelastic for soda? What about Fritos Explain.
4) What did the aluminum do to the competition and how affect the price and market case of aluminum-make connections to the economic theories are learning from section 2are the Are they good or bad for Remember the of years Does you some as to the effect of on goods that are importedExplain
5) What has happened to the demand for soda and snack ? Why What connection can between soda and kind of goods are they and how are they consumed?
6) Given the market structure of competition and you have learned about very large number standard product no control over price, easy entry no price competition What do you conjecture/ hypothesize for about the market structure for soda and snacks.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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