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Identify changes in market conditions and their effect on equilibrium price and quantity for the following events:
Event 1: The wages for all dental assistants increase, increasing the costs of inputs.
Event 2: The government provides national dental insurance benefits for all U.S. citizens that cover 100% of the cost of all dental services.
There are two effects of this policy. First, there will be an increase in the number of consumers of dental services. Second, there will be fewer dentists willing to provide dental services, resulting in some dentists removing themselves from the market entirely.
Suppose if airline industry was operating under other market structures, how would equilibrium price and quantity differ? Would it be higher, lower, or same?
Estimate whether integration in following types of companies would constitute a horizontal, vertical, or conglomerate merger.
The outsourcing of human resources becomes an important part of United States companies in recent years. How would you describe this in relation to company's profit maximization target?
Provide arguments in favor of trade restrictions, and what are the counterarguments? According to most economists, do any of these arguments really justify trade restrictions?
Assume that a country declares that it is moving toward free trade through decreasing its tariffs on intermediate inputs while maintaining its tariffs on final goods.
The United States and most other countries abandoned the gold standard during the 1930s. Why would the 1930s have been a particularly difficult time for countries to remain on the gold standard Do you agree or disagree with Congressman Ron Paul ..
Assume the government allows the exchange rate to áoat and makes no policy response. To get full credit each of your answers must be supported by the appropriate IS-LM-FX graphs. 1. Foreign output decreases. 2. Investors expect a depreciation of th..
Understanding of the ideaof learning curves and how a learning curve applies to specific business specialist. discussion on the concept of learning curve and how it applies to accountants and marketers.
In a day of production, companies in Angola can manufacture 200 liters of oil or 100 kilograms of tungsten. Companies in Namibia can manufacture 160 liters of oil or 60 kilograms of tungsten.
Why can't all the balance of payments accounts be in surplus What factors determine the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system
Describe some models that forecast the effect that decreasing protection Tariffs will have on factor prices Labour and capital?
The given matrix shows the payoffs for an advertising game between Coke and Pepsi. The companies can choose to advertise or to not advertise.
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