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If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development?
What conditions would encourage research and development in competitive industries?
At the 2014 G20 conference in Canberra, U.S. Secretary of the Treasury, Jack Lew, warned that the euro zone economies face a decade of economic stagnation unless their economic policies change and that the “world economy could not afford a European l..
What is the belief that laws are justified if they prevent a person from harming him- or herself known as?
Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
List several ways that people and businesses in the green movement are participating.
Suppose that U.S. government actively uses the fiscal policy to fight against recession and rising unemployment. To incorporate this behavior of government into the model, let’s assume that the government spending equation is given by where 0. Assume..
The central bank lowers discount to rise the nation's monetary base. The country has highly mobile international capital markets and a fixed exchange value system.
Max Corporation has $10,000 in retained earnings that it has not distributed to its stockholders as dividends. It has a choice to invest the funds in a certificate of deposit at a bank at a guaranteed rate of 7 percent, or to plow back the funds in t..
jim likes to go to church but he also likes to drink wine. Unfortunately for jim the consumption of one of these goods reduces the enjoyment of the other. Draw the indifference curves that display jims preferences
Discuss how the Fed affects interest rates-the process? In October of 2008, the Fed stepped in as lender of last resort, explain this action. The US Federal Reserve is asking people for their comments on what steps we would like to see in changes in ..
You are the manager of a firm that plans to expand the human resource base of its operation by hiring additional business school graduates over the next few years. That same article reports that the shakeup of upper-management is over at U.S. firms, ..
What interpretation would you give the exponent for R? Why do you suppose R was included in the equation as a variable?
You are the manager of a business in a monopoly market with the following inverse demand function. In addition, assume your production technology is described by the total cost function.
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