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Assume the demand being perfectly inelastic, and supply suddenly doubles due to innovative technique of production. Illustrate in a well labelled graph, the changes in the equilibrium price, and quantity, and also is it advisable to do so from supplier point of view.
Case analysis: Societe Generale (A): The Jerome Kerviel Affair Knowing how to analyze a case will help you attack virtually any business problem. A case study helps you learn by immersing you in a real-world business issues—and makes you a decision-m..
From the scenario for Katrina's Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used.
In a recession, consumers have less income to spend. As a result, if dining out is a normal good, then which of the following would happen to the demand curve for dining out?
a. State the null hypothesis. b. State the alternative hypothesis.
What should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above?
We can see that aid to Africa has increased significantly over the last 40 years and that incomes in Africa have stagnated. Explain why these two facts do not constitute proof that aid is not effective in increasing incomes in Africa.
Would You Benefit in the Short Run? Suppose a country is about to open its markets for trade. You work in an industry that has a comparative disadvantage. Would you be helped or hurt in the short run (explain your answer)? What about your long-run pr..
Assume a firm can generate 5q1 units of profit for each unit of output q1. Assume that each unit of production produces 0.2*(q1)2 units of pollution. Suppose the firm is endowed with one emission permit and can purchase additional permits at price p...
Explain why allocative efficiency and productive efficiency are achieved where P = minimum ATC = MC.
Suppose that a country is producing on its PPC at a point to the left of the tangency between the trade line and the PPC. At the production point,
One of the conclusions from Akerlof's paper titled "The Market for Lemons" was:
Illustrates and explains the expected impact of a change in government policy (using a demand a supply diagram).
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