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Why do oligopolies exist? Explain the characteristics of an oligopolists whose products you own or regularly purchase. what distinguishes oligopoly from monopolistic competition?
Barton works as a freelance reporter covering stories in State F, a member state of the EU. have caused a great deal of embarrassment to a certain minister in the State F government, and the minister has asked the State F parliament to pass a law for..
If the federal government chooses to increase government expenditures explain the three methods of financing the expenditures in terms of: which is the most expansionary, what are the negative effects of each, and which is the most inflationary.
A production facility is looking at installing a wind turbine which will cost $175,000 at time zero. The wind turbine will allow them to have free electricity and they know they’ll use all the electricity it provides. The wind turbine will have a 6 y..
A Japanese car maker plans to expand its production in the United States. The company borrowed $137,702,482 for this expansion at an interest rate of 8% per year. The loan will be repaid in equal payments at the end of each year over a 15-year period..
Why does the firm’s supply curve slope up in the short run (i.e. what assumption is employed to argue that the supply curve slopes up in the short run)?
Using the ideas we discuss this week, we are able to make clear statements on when a firm should operate and when it should shut down. When is it sensible for a firm to shut-down? What actions might a firm take to stay in operation in the long-run? D..
Suppose that a company currently employs 2,000 workers and produces 5 million units of output per month. Labor is its only variable?input, and the company pays each worker the same monthly wage. The?company’s current total variable costs equal ?$5 mi..
Kelli likes to bake cookies and doesn't care whether she uses corn or safflower oil in her recipes. To her: they provide the same function and the same taste in her cakes and cookies. What do Kelli's indifference curves look like for corn oil and saf..
Biff owns and operates a golf driving range on land that he also owns. Last year his accountant calculated that his driving range makes $50,000 profits per year. Last year a property management company offered to lease Biff’s land from him for $80,00..
What is an equilibrium price and quantity? Imagine that as a result of a government tax cut, aggregate demand becomes higher by 50 at every price level. Identify the new equilibrium. How will the new equilibrium alter output? How will it alter the pr..
Given all the above factors, which candidate should be selected? (b) By how much would the estimated capital investment for the alternate candidate [the candidate not selected above in (a)] have to vary from your first decision in (a)?
An electronics manufacturer is considering the purchase of one of two types of laser trimming devices. The sales forecast indicated that at least 8,000 units will be sold per year. Device A will increase the annual fixed cost of the plant by $20,000 ..
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