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Why wouldn't the large corporations just pay more and outbid small businesses for the labor without a minimum wage? How does fixed cost relate to real world experiences?
A gasoline station very near a professional football stadium parks cars on its lot to make money on game days. Last year it charged $4.00 per car and parked 1,000 cars. This year it raised the parking price to $5.00 and parked 850 cars.
Suppose Suzuki increases the price of a particular motorcycle model by 12 percent and as a result the quantity demanded for that model decreases by 4 percent. Calculate the price elasticity of demand for that motorcycle model.
What three legal doctrines had an important impact on economic activity during the first period of US national development? Describe their impact
Describe the difference between the specialist, market maker and electronic system for trading stocks. What are the benefits and detriments of each system How is the difference between the real estate market and the financial markets reflected in ..
greener grass company ggc competes with its main rival better lawns and gardens blg in the supply and installation of
Suppose you are hired by the Martin guitar company as an economic consultant. You estimate the demand for Martin guitars to be Q = 8000 – 2P. Suppose the supply of Martin Guitars is given by Q = –2000 +3P. What is the equilibrium price of Martin guit..
Presume a country can produce a maximum of 5,000 jumbo airliners or 1,000 aircraft carriers. What is the opportunity cost of an aircraft carrier? What is the implied price of the carrier in trade?
Jamie Dixon is the operations manager for Pitt Corp, a real estate investment firm. Jamie must decide if Pitt Corp is going to invest in a strip mall in Oakland. If the strip mall is highly successful, after tax profits will be $100,000 per year.
Assume you're the manager of Alpha Enterprises, a firm that holds the patent that makes it the exclusive manufacturer of bubble memory chips. Based on the estimates provided by the consultant
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
Using the aggregate demand-aggregate supply model illustrate an economy with expansionary gap. If the government is to close the gap by changing government purchases should it increase or decrease those purchases? In the long-run what happen to the l..
According to the hybrid, or consensus, view of aggregate supply, the chance for an aggregate demand increase to cause inflation accelerates as Unemployment increases, The economy moves toward capacity
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