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Consider a monopoly supplier of local exchange service. How does its incentive to raise the costs of access to competing long-distance carriers vary with (i) the stringency of access price regulation, (ii) its share of the long-distance market, (iii) the elasticity of demand for long distance, and (iv) the costs to the monopolist of discriminating?
Explain the logic that lies behind the statement that encouraging savings could be risky and what is the rationale behind why increasing saving is good in the longer term?
Cost-Plus Pricing. Wendel Stove Company is developing a "professional" model stove aimed at the home market. The company estimates that variable costs will be $2,000 per unit and fixed costs will be $10,000,000 per year.
Why does an initial $400 billion annual decrease in consumption spending make income fall by more than $400 billion per year. Explain why an initial change in planned aggregate expenditure results in a much larger change in equlibrium income.
Describe employer beliefs, workers' educational investments (whether or not they invest in earning honors), and wages under the signaling equilibrium-record the equilibrium set of beliefs.
Tuggle, Inc., which manufactures rigid shaft couplings, has $600,000 to invest. The company is considering three dissimilar projects that will yield the following rates of return.
an estimate of the demand function for household furniture produced the following results f0.0036y 1.08 exponentr0.16
Conduct an online search related to recent (within 1 year) developments in speech (voice-recognition) technology. Discuss the current status of speech technology as a viable business application
Concluding that because free trade is beneficial for the economy as a whole, it must be beneficial for each individual is an example of the:
You are organizing a rock concert to benefit Amnesty International. The concert is to be held in a football stadium that has a seating capacity of 56,000. There are two kinds of seating: reserved and general. Compute the value of the Lagrange multipl..
Discuss some of the differences between developing countries and industrial market countries, including differences other than per capita income. Give examples.
Production function is F(K,L) = (K^0.3)(L^0.7), where k is capital and l is labor, whose prices are r = 0.5 and w = 1. Derive the long-run cost functions: total, marginal and average. Assuming there are 100 firms in the market. What is the firm suppl..
Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations. 1. (a.) Suppose real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what..
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