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In the 1990s, five firms supplied amateur color film in the United States: Kodak, Fuji, Konica, Agfa, and 3M. From a technical viewpoint, there was little difference in the quality of color film produced by these firms, yet Kodak's market share was 67 percent. The own price elasticity of demand for Kodak film was -2.0 and the market elasticity of demand was -1.75. Suppose that in the 1990s, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today?
Suppose, in a given week, float raises $900 million, Treasury deposits at the Fed rise $1500 million, discounts and advances decline $200 million, and foreign deposits at the Fed increase $150 million.
The following show data on investment rates and output per worker for two pairs of countries. For each country pair, calculate the ratio of GDP per worker in steady state that is predicted by the Solow model, assuming that all countries have the s..
Illustrate what other information would you want before you decided where to establish a new production facitily.
Elucidate what was the actual price elasticity before the cartel was formed.
Discuss the role of social diversity and business ethics as it relates to globalization? Consider how different cultures around world perform such business activities.
Illustrate what is the biggest economic concern for Argentina, like unemployment or population.
Elucidate your answer using proper economic terms and analysis.
Then list one good reason to allow tire imports and one good reason to restrict tire imports. Give a short explanation for each reason.
If Tarzan also Jane are each nation willing to give-up on hour of patrol for 2 pounds of fruit, is the current allocation of Cheetah's time Pareto efficient.
Of the total liabilities, $190 million were deemed to be financing liabilities. Make a reformulated balance sheet that distinguishes items involved in operations those involved in financing activities.
A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear, explain how much output must the firm produce to break even?
When you do not know the right demand, you can't set the right price. So, instead of setting the price first, how can you find out the right price when there are some uncertainty in your demand estimate?
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