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1.You are the CEO of Exxon/Mobil: Your head of Research Department informs you that his chemists have devised an additive that doubles the mileage of Exxon/Mobil gasoline. What do you do?
2. Your friend tells you that he just bought a new set of speakers for his stereo system that cost 3 times as much as his former speakers. When asked if the new speakers are 3 times better he says no. So, why did he buy them?
3. Discuss the Henry George idea for a single tax on real estate.
4. Why did the California State Lottery extend the payoff period from 20 years to 26 years?
5. Why have health care costs risen to steeply in the past 20 years?
6. Discuss the merits of pollution credits versus carbon taxing.
Explain the difference between internal and external stakeholders. How should a project manager prioritize the needs of each group of stakeholders?
Explain the assumptions behind the model of perfect competition and explain the sources of the recent housing price "bubble"? Provide a chart if needed?
When a firm engages in cost-plus pricing and marginal cost equals industry price, revenue maximization occurs when a firm sells at a price
Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information
A monopoly has demand given through P=20,000-25Q, and costs given through C(Q)=100Q+25Q2. Find the profit maximizing level of price and output.
Write down the equation that describes the firms optimal choice of capital and labor. Show that a combination of inputs such that K=2L is optimal
Can you please explain the profit maximizing decision the perfectly competitive firm makes in the short run and describe why this firm can make profits in the short run, but profits aren't possible in the long run.
Describe and discuss why characteristics of the labor markets should result in the similar wage rate for all jobs requiring the similar level of abilities and skills?
Indicate whether each of the following statements is true or false and explain why. a) A competitive firm that is incurring a loss should immediately cease operations.
Industry structure is often examine through computing the 4-company Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent.
how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
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