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At one point, Time Warner and the Walt Disney Company discussed merging their news operations. Time Warner owns Cable News Network (CNN) and Disney owns ABC News. After analyzing the situation, the companies decided that a combined news operation would have higher average costs than either CNN or ABC News had separately. Use a longrun average cost curve graph to illustrate why the companies did not merge their news operations.
What will price and output be if there is no dominant firm Now assume that there is a dominant firm, whose marginal cost is constant at $6. Derive the residual demand curve that it faces and calculate its profit-maximizing output and price.
Suppose there is a second bond, paying two years from now the purchasing power that $100 has today. Suppose this bond costs $95.02 today. On the basis of these figures, is the real interest rate next year lower or higher than this year?
What is GDP per capita and what are some of the drawbacks of measuring wellbeing in a country using GDP per capita?
Draw linear PFF representing the tradeoff between hot dogs and buns with 120 million workers available.
One of the questions asked whether the respondents had a favorable or an unfavorable opinion of 17 news personalities. Diane Sawyer received the highest rating, with 80% of the respondents giving her a favorable rating.39, What is the population f..
Sketch a PPF for the years 1996 and 1997. Assume that resource availability and technology were the same in both years but higher than in 1982 and 1983. Note that the unemployment rate in the late 1990s was much lower than in the early 1980s.
Since economists do not favour trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for Infant Industries. Are there any arguments for trade restrictions that most economists would..
if Q = 60 − (1/2)P, and MC = 60, which means that MR = 60 how do you work out the price, which then allows you to work out the Q
Describe the difference between movement along the demand curve and a shift in demand. Provide an example to help the class understand the difference between the two.
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what is the current macroeconomic situation in the u.s. e.g. is the u.s. economy currently concerned about unemployment
Pretend that you are an editorialist, and write an editorial considering whether or not you believe that monopolies should be illegal and defend your argument using pertinent economic theory.
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