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Explain how network effects are largely responsible for the large market shares enjoyed by Microsoft in desktop operating systems and by Google in mobile phone software.
The problem belongs to Economics and it is discusses the preparing a report on the research on the economic performance of a country from 2004 to 2013. The country chosen here is United States of America.
Give and discuss (1) some examples of goods whose production creates detrimental externalities, (2)some examples of goods whose production creates beneficial externalities, and (3) some examples of the free rider problem.
1. Quasimodo consumes earplugs and other things. His utility function for earplugs x and money to spend on other goods y is given by u(x, y) = 100x - x^2/2 + y. (a) What kind of utility function does Quasimodo have?
What candidates felt were the causes of income inequality? Whether social welfare programs we have today prolong or exacerbate the income inequality, and why they do or they do not work.
a firm has a long-run cost function c1y y3 - 10y2 30y.1 derive the firms long-run average cost function2 derive
Assume that Florida migrant workers are effectively unionized. What will be the impact of unionization on?
A local surf store estimates that their average consumers demand a year is P=3.5-0.5Q, and knows that the marginal cost of each rental is $0.5.
Mr. Shanku has borrowed dollars in the US but is now concerned regarding its currency risk. What alternatives does he have to limit his risk.
What is a government budget deficit? How does afederal budget deficit affect the economy? How does it affect thelevel of investment and interest rates? How does it affect theindividual consumer? Give at least three examples in yourresponse.
the law of demand states thata. consumers buy a good based on many other factors other than the price of the goodb.
Assume a country decides it will either dollarize or create a currency board. Of these two options, why might dollarization be a better choice.
If average variable price are assumed to remain constant over a 10 percent increase in output, evaluate the effects of the proposed price cut on total profits.
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