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what is the primary requirement for a market to be competitive? is competition necessary for markets to work well? why or why not? how does competition influence the following: (a) the cost efficiency of producer, (b) the quality of products, and (c) the discovery and development of new products?
Find the expected value of the lottery induced by accepting the second wage offer and find the expected utility associated with the second offer.
Describe a company you would like to start and determine which form of ownership would be most appropriate given your current financial status. Explain your rationale.
An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping demand and upward sloping supply would raise the equilibrium price. a exactly $1.00 per gallon.
How does your decision to invest in a college degree add to your capital stock Show this on your projected production possibilities frontier for ten years from now compared to your production possibilities curve without a college degree
Find the project's expected cash flows and NPV. Now suppose the BSI can abandon the project at the end of the first year by selling it for $6 million. Assume the salvage value is risky and should be discounted at the WACC.
What indicates that we have positive value of perfect information and what is the expected value of perfect information on reserves?
If the elasticity of demand by students for students for MSOffice is 5, while the elasticity of demand by business professional is 2, and the marginal cost of producing another bundle of the office suite is $50, what are the profit mazimizing pric..
Discuss the difference between monopolistic competition, and perfect competition market models and also provide examples from the real life.
In the 1990s, Pfizer, Inc., developed a new antibiotic called Trovan (trovafloxacin mesylate). Tests showed that in animals Trovan had life-threatening side effects, including joint disease, abnormal cartilage growth, liver damage and a degenerati..
Within rich economies, there is strong evidence of convergence ________.for regions within a country.with developing economies. leading to military conflict.
What is the Marginal Rate of Technical Substitution between labor and capital and what is the least cost method of producing the target level of output
Show the change in Q if L changes from 1 to 2, and 2 to 3, and does the production function exhibit diminishing returns? If so, when does the law of diminishing returns begin to operate? Could we ever get negative returns?
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