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Given a downward sloping demand curve, an increase in price is shown graphically as:
a. a movement along a stable curve
b. a shift of the demand curve to the left
c. a shift of the demand curve to the right
d. no change at all
Microsoft appears to have a monopoly with over 90 %of the personal computer operating market. Why then would it not be charging a monopoly price
Describe the macroeconomic factors that caused headwinds for McDonald's in 2012. Please include sources with your answer. Give examples of oligopolistic behavior among the rivals in the fast-food industry. Regarding the discussion of when McDonald's ..
If the U.S. international merchandise account balance is positive, then:
Petra likes iPhone apps and epresso pods for her coffee machine. We denote the number of apps by X and pods by Y. Prices PX = 10. PY = 5. Her income in the period is 500. Her utility function is given by: (1) U(X,Y) = X^(0.4)Y^(0.6). What must her ne..
Write expressions for total revenue and marginal revenue as a function of the number of tickets sold and compute the profit-maximizing quantity of tickets.
Explain, using managerial economics, why sports economists believe ticket prices are too LOW. No more than 75 words, please. You can do an excellent job with 40 - 50 words if you are concise.
How does an increase in the expected rate of inflation shift the Phillips curves?
Explain the types of incentives for providers for efficiency in the delivery of healthcare services.
What do you expect to happen to your sales. How would you answer parts a and b if you expected a 5 percent increase in income instead of a decrease.
Give me a write up on the PhD Research Topic "Modelling the relationship between interest rate, Energy Consumption and Economic Growth in Nigeria from 1980 to 2015"
The following are different types of production function. Determine whether each one has constant, increasing or decreasing returns to scale.
Currently, a fast-food firm has a monopoly in the university student union. The monopoly pays the university $75,000 a year in order to maintain it. The firm earns an economic profit of $290,000 per year. The manager of the first firm calls the unive..
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