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An improvement in production technology for a specific good will cause a(n):
A) increase in demand and an increase in price
B) increase in demand and a drop in price
C) drop in price and increase in quantity demanded
D) increase in supply and an increase in price
For each category, indicate which condition is associated with higher rivalry among competitors.
Explain how does monopolistic competition differ from a) pure competition; b) pure monopoly; c) oligopoly? Explain fully what product differentiation entails.
Compose a one page response to the question: On average, do unionized workers earn higher wages than comparable nonunion workers? Why?
Supermarket ends its promotion. What does her budget constraint look like now. What combination of meat and potatoes maximizes her utility.
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
Identify a company that you successfully creates shared value, and explain how they do it. Cite any sources in APA format.
Suppose the welfare benefit formula is Benefit=$4,800-0.67(wages>$6,000) what is the marginal tax rate on The first 6,000 of wages? Wages above 6,000 How large is the benefit if wages equal $0? $4,000 and $4,800, $9000 and 7,000? What is the breakeve..
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
Explain the design of a public policy that would subsidize the private performance of the R&D (to ensure that the research is done by the private sector) yet would minimize the public funds used.
Hamlet will trade two pizzas for one six-pack for beer and be equally happy. At the same time, Ophelia will gladly exchange two of her six-packs for six pizzas. Is the allocation of beer and pizza Pareto efficient? Illustrate using an, Edge worth Box..
explaining the expected short-term impacts on firms in any one of the following three industries in terms of product sales; operating costs; revenues or economic profits.
Assume that the marketplace for sweaters is perfectly competitive. The future value of a deposit in a savings account will be larger
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