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Time to get real--real world, that is. Drop the following articles into your smart phone or bookmark them on your computer and read them over the week. Post a comment on one of them or add another link to something relevant. Thoughtful people all over the country are talking about these articles and discussing our future economic direction. This week, since we are talking about production, I want you to read an article that appeared in the New York Times: Apple, America, and A Squeezed Middle Class: How the US Lost out on iPhone Work.
Please also, find an article on the assembled-in-the-USA Motorola Moto X smartphone. Put the properly formatted article title in the subject line of your post and a clickable link to the article in the body of the post. In your post please comment on the following statement: “Apple must be greedy as it’s obvious companies can make money making things in the US as Motorola has proven.”
You may NOT re-use an article that has already been used by a fellow student so check the current posts before you do too much work on an article you’ve found.
Explain the meaning of a Nash equilibrium when rms are competing with respect to price. Why is the equilibrium stable? Why don’t the firms raise prices to the level that maximizes joint prots? What is the DWL in this model?
Hypothesize the basic short-run also long-run behaviors of the model in the industry you have chosen in a "marketplace economy."
In a local market, the monthly price of Internet access service decreases from $25 to $15, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the value price elasticity of demand..
What does the CPSP (Centralized Private Sector Planning) thesis say about the difference between the modern industrial economy and Adam Smith s economy?
A price discriminating firm will charge the lowest price when the price elasticity of demand is. Which of the following industries is most likely to represent the monopolistic competition market structure? In the Kinked Demand curve model, price ten..
Look up the difference between “current consumption expenditures,” “current transfer payments,” and “interest payments.” What has been happening to each (and both together) as a fraction of GDP from 1950-present? Do they differ (conceptually) from “G..
Another utilization of cash flow analysis is setting the bid price on a project. To calculate the bid price, we set the project NPV equal to zero and find the required price. Thus the bid price represents a financial break-even level for the project...
The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.
Lalaland is a country in which labor is the only resource. Labor can be used to collect roses or to build sheds. Lalaland has only six equally productive workers and each worker can gather either 25 roses or build one shed in one day. What is the opp..
q1. why the short-run demand for gasoline is less elastic than the long-run demand when the price of gasoline rises
q.firm 1 is the incumbent in a market lasting two periods with inverse demand curve p74 -9q. its first-period costs are
The Encomienda system was?
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