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How elastic/inelastic is the demand for Netflix services at the time of the price change?
Do you think that their plan to increase prices was a good idea? How has Netflix fared since this decision to increase prices?
explain the difference among moving along a curve and shifting the curve. Assume a market is in equilibrium and the demand curve shift to the right, describe the market adjustment process in restoring equilibrium.
Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.
Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
Assume that you have been appointed as the Speaker of the House. You must deliver a speech about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
Suppose there is a permanent increase in a country's saving rate. This increase in the saving rate will cause:
Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
Over which range of production, the marginal product of the variable input would be increasing in the short run.
Compute the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
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