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Discuss and explain one factor of how government involvement in marketplace can impact or not impact the economy. Give a real life example of this factor at work. Be sure to concentrate on just this one factor and do not discuss others in your initial post.
Derive the firm's supply curve, expressing quantity as a function of price. Derive the market supply curve if North Carolina Textiles is one of 1,000 competitors. Calculate market supply per day at a market price of $47 per unit.
Plot these curves on graphs. Compare the cost curves and discuss their characteristics.
You're the marketing manager of a firm that produces Titanium and sells this metal to two distinct kinds of customers: aircraft producers and golf club manufacturers.
Price fixing is a per se violation of Clayton Antitrust Act. From the materials in library and the Internet, find out an example of the price fixing case or other violations of U.S. antitrust law.
Indicate whether each of the following statements is true or false and explain why. a) A competitive firm that is incurring a loss should immediately cease operations.
Current economic theory and their application or lack of application to contemporary economic problems
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
Describe each of the subsequent using supply and demand diagrams.
Burger Doodle is the fast-food restaurant that processes average of 680 food orders each day. Evaluate the average product cost
A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear, how much output must the firm product to break even?
Write down a short memo to Ralph Sampson describing the analysis that the company should do before it makes this decision and any other considerations that would affect decision.
Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?
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