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Texas instrument once announced a price for random-access memories that wouldn't be available until two tears after the announcement few days later, Bowmar announced that it would produce this product and sell it at a lower price than Texas instruments. A few weeks later, Motorola said it too, would produce this product and sell it below the bowmar price. A few weeks after this, Texas instrument announced a price that was one -half of Motorola's. The other two firms announced that, after reconsidering their decision, they would not produce the product. What do you think was Texas instruments' reason for announcing the price of a product two years before it was actually for sale?
Explain why does the magnitude of price elasticity differ in a and b above, although the same set of price-quantity combinations are used to compute the price elasticity of demand
Using the monetary tool(s) of your choice what would you do? You need to graph a money demand and supply graph, an Investment graph, and a GDP graph to show how monetary policy effects GDP.
All firms in a Cournot monopolistically competitive industry have the same cost function C (q)= 25 + 10q. Compute the equilibrium price, total output, firm output and number of firms in the industry.
Assume a firm has just introduced a new line of ceramic insulators for which it has received patent protection, effectively granting the company monopoly status in the industry.
Determine what activities should we look for in order to estimate if an entrenched management is taking actions that would harm us as shareholders?
List the basic characteristics of pure monopoly, monopolistic and oligopoly competition. Under which of these market classifications does each of following most accurately fit?
Explain why do some regions promote unrestricted trade within their region but restrict trade that crosses the region's boundaries.
GDP is the total value of all final goods and services produced in within a country in a given year. Do you think the GDP is a good indicator of economic well-being. Illustrate what other factors do you think contribute to a good standard of living.
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
As the Federal Reserve utilize its special powers to buy and sell government bonds, how does buying and selling government bonds affect the supply of money in the economy.
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