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In discussion of business and society. Why is there a tendency to focus on large firms rather than small or medium-sized firms? Have the corporate ethics scandal of the past decade affected small- and medium-sized firm? If so, in what ways have these firms been affected?
Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars.
Linda loves buying shoes and going out to dance. Her utility function for pairs of shoes, S, and the number of times she goes dancing per month, T, is U(S,T) = 2 ST. What is her marginal utility from shoes
The incumbent does know its unit cost. Market demand is common knowledge to both firms. The entrant, however, does get to observe the current or pre-entry market price at which the incumbent sells its good.
Is the effect on the price of toys the same or different? Why is a standards policy preferred to tariffs?
Suppose that the forecast is that the U.S. and local economies will grow by an unusually fast rate of 4% in 2013. What should a small business selling paint do in the next three months to prepare for that growth in the eonomy
What are the conditions for Pareto efficiency? Are they met in the two cases above, if the only other industry in this economy, and all factor markets, are perfectly competitive?
If the organization does not have a code of ethics, explain why a code should be created and how it could assist them. Analyze the implications and risks of not having a sound code of conduct/ethics.
Explain the term demerit goods and give examples of this and what are externalities? What are positive and negative externalities?
In a competitive market, all firms have cost-functions C(y) = y^2 + y + 4. The market demand function is Q = 112-2p. Initially there are 40 firms. (a) What is the market supply function (b) What is the market price and quantity in the short-run
(Y) Dollars per unit 3.00, 4.50, 5.00, 6.00, 8.00 (X) Units per Period 5,000 - 8,000, - WHAT IS THE MONOPOLIST'S PROFIT-MAXIMIZING OUTPUT - At the profit-maximizing output rate, what are the monopolist's average total cost and axerage revenue
Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. a.) Draw Maria's production possibilities frontier for reading economics and sociology.
Year nominal gdp gdp deflator ( base year 1996) 2000 9873 118 1999 9269 113 a.what was the growth rate of nominal gdp between 1999 and 2000 b.what was the growth rate of the gdp deflator between 1999 and 2000
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