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Economic and ethical implications of antitrust laws
Within the internet, or other sources locate a current event article that relates to antitrust activities or government regulations.
Analyze the economic and ethical implications of the article event.
Please consider in including: the market outcome, political impact on economic behavior, social diversity, technological innovation, and the market structure.
Assume that the economy starts in steady state. According to the Solow growth model, how would each of the following affect consumption per worker in the long run, Explain?
If the Inflation rate were to accelerate the economy would be flourishing as there is a need for more people to do the work.
Let's say you live in Montana and you like to ride mechanical bulls in bars on Friday nights. You estimate that over the next year there's a 4% probability you will incur medical bills of $20,000
Make a monthly sales forecast for the firm for 2001. Why would the managers of the Chemical Company want monthly sales forecasts of this kind.
How much does it choose to sell when it enters the market? What is the resultant market price? How much does each of the two firms earn in profits?
Draw a diagram showing the current situation of the firm. In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram.
Explain how do the principles of microeconomics which you have leaned in this course apply to other nations.
Show the first and second order condition for profit maximization. Illustrate what is the price elasticity of demand faced by this monopolist.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
Expalin how the actions of a mine operator can spend $5 million to free a trapped miner.
Describe the idea of trade offs cost also benefit analysis when answering the above question.
Provide a report to management of the firm as to whether or not it should continue to operate at a loss?
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