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When oil prices increased 10 fold during the 1973 - 80 energy crisis, many oil companies made huge profits. During the energy crisis, Congress considered imposing an “excess profits” tax on oil companies. If you were in Congress, would you vote for such a tax? Do unexpected monopolistic profits serve any useful function in a market economy? (Hint: Could additional oil revenue be used to explore and develop new oil fields?)
We have also seen this in 2005 and 2010, although not as dramatic a price increase. Please answer the questions in this problem. Discuss.
Using your selected MNC, evaluate how the organization manages these approaches: Acquisitions, Alliances, Joint Ventures and Partnerships.
Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.
Can we use IS-LM model to explain what happened in the economy in long run? Show how the short run equilibrium adjust when price level adjust to ensure that the economy produces at its natural level.
Wilson has been producing tennis racquets for many decades and continues to implement strategies that make it a leader in the tennis racquet industry. Suppose that when wilson and its largest rival, Head advertise, each company earns $0 billion in pr..
If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.
what will happen to the hedonic wage function after the public relations campaign? what will happen to where each individual miner locates on the hedonic wage function?
Find firm's profit-maximizing price and quantity. Illustrate what is profit. firm's production manager claims that firm's average cost of production is minimized at an output of 40 units.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
Explain how governmental instability can affect marketing and international marketing efforts. Is this evident today in terms of countries like Libya and Egypt? Prove your answer.
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
The manager of Dixie Furniture Company estimates that the daily output of her factory (in thousands of dollars) Q is given by Q = 2x^1/4y^3/4 where x is the amount spent on labor and y is the amount spent on capital (both measured in thousands of dol..
q1. assume that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. if
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