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Inflation and oil prices
Suppose there is a rather dramatic increase in the price of oil. What type of inflation might this create? What impact could this have on the level of production and therefore the unemployment rate?
When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased-Using your knowledge of game theory, what do you thank disrupted McDonald's plans?
Assume two firms, A and B, serve a market with demand D(p) = 100 - p. Assume that (i) they have identical cost functions, c(Q) = 5Q,
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
Explain what should the firm replace its old knitting machine, and if so, which new machine should it use.
Explain how could the advertising be employed to allow KinderCare to keep price above average cost without encouraging the entry.
Compute the total fixed costs, total variable costs, average fixed costs.
Describe the firms optimal advertising-to-sales ratio.
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
An industry consists of three firms with identical costs C (q)18q +q2. What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?
How much does it choose to sell when it enters the market? What is the resultant market price? How much does each of the two firms earn in profits?
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