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According to the New York Times (November 18, 2006), the number of car producers in china is increasing rapidly. The newspaper reports that "china has more car brands now than the United States. But while car sales have climbed 38 percent in the first three quarters of this year, automakers have increased their output ever faster, causing fierce competition and a slow erosion in prices." At the same time, Chinese consumers' incomes have risen. Assume that cars are a norma good. Use a diagram of the supply and demand curves for cars in china to explain what has happened in the Chinese car market.
Assume one firm buys another firm. Elucidate what issues might arise as they attempt to merge their respective performance management systems.
The Federal Reserve System [Fed] has a huge measure of political independence. The Board of Governors, appointed through the United States president and confirms by the United States Senate, serve fourteen year terms.
Demonstrate the short-run profit maximizing equilibrium graphically for a sports team facing a negatively sloped linear demand with a short-run total cost function of the form;
According to Jeffrey Sachs, Illustrate kinds of development assistance can make a difference in Africa, and what role does he anticipate for the developed world.
Two executives were arrested by authorities for embezzling money for their firm. Short of confusion the only had enough evidence to put them away for 10 Years.
Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $50 is imposed in this market.Determine the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling..
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent. Draw the new short-run Phillips Curve.
Describe the extent to that you believe these three measures are related.
Patients who need the surgery must pay for it themselves. Among which of the surgeries has the lower inflation rate.
A firm uses a single plan with costs C = 160 + 16Q + .1Q 2 and faces the price equation P = 96 - .4Q. The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units.
Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,
Illustrate graphically why someone paid an yearly salary might be likely to shirk if monitoring is incomplete at the firm.
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