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Q1. Total industry sales are $105million. The top four firms account for sales of $10 million, $9million, $8 million, and $5 million, respectively. What is the four-firm concentration ratio?
Q2. Using either a graph or table use two goods to construct a production possibilities curve. Clearly explain what a variety of different points on the curve mean. Illustrate what would make the curve expand or contract? Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced?
Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.
Assume there is a drought that destroys a large portion of the tobacco crop. Explain what happen in the marketplace for tobacco.
The fact that a percentage of the interest income paid by one corporation is excluded from taxable income has encouraged firms to use more debt financing relative to equity financing.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $10, the cost of mowing the second Lawn is $12, and the cost of mowing the third lawn is $15.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
The Australian government administers two programs that affect the market for cigarettes
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
Give an economics analysis of that liability standard for product-related harms.
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
Why might variations in the dollar's value in terms of other currencies cause the trade deficit to move independently from the changes in the government budget deficit.
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