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Q1. How was De Beers able to control the world price of diamonds over the past several decades even though it produced only 45 percent of the diamonds? What factors ended its monopoly? What is its new profit strategy?
Q2. Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors do you use to determine whether to invest in the additional capital and labor?
Dependency theory characterizes countries as being either in the center or on the periphery
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
Air transport for businesspeople and tourists
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
The equilibrium quantity increase or decrease depends on Demand
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Calculate price, quantity and social surplus for the initial state and each policy.
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
In this forum we discuss the different arguments that are made in favor of international trade protectionism and the important role of the politics of protectionism.
Why is monitoring and controlling the project cost important for the success of the project.
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
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