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Find the Herfindahl index for an industry composed of (a)three firms-one with 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; (b) one firm with a 50 percent share of the market and 10 other equalized firms; (c) 10 equal-sized firms
answer based upon your knowledge of economics and class notes on differenes in wages and discrimination make and wage
1. consider an economy described by the production functiony fkl k3l7a. what is the per worker production function?b.
Choose any firm and think about its buying and selling activities -everyone buys and sells, or at least "procures" and "supplies", or otherwise participates in exchange transactions.
Using two graphs, show consumer surplus before and after government intervention.
Should U.S. national forests become privatized (sold to private owners)? Why or why not? Be sure to back up your response with economic analysis and reasoning.
At the same time the unemployment rate remained at 8.3%. Use your understanding of the labor market to explain how these two things could happen at the same time.
complete the following tablenumber of workerstotal outputtotal productmarginal product of laboraverage product of
your university is probably an m-form organization. its president administers schools for example a college of business
Assume a monopolist faces a market demand curve
An inflation shock is a disturbance to the usual behavior of inflation that shifts the IA line. A supply shock is a change in the natural rate of output. Graph the long and short run effects of a positive inflation shock and a negative supply shoc..
What is your understanding of demand? What are the determinants of demand? Please provide example (market, event, and effect on equilibrium).
elasticity studies have looked at the overall demand for higher education in general some have examined the demand for
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