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1. Demand in a market is found to be inelastic. Is the market necessarily an antitrust market?
2. Suppose there are two regions, A and B. Transportation costs for a product between the two regions is t . If pB + t > p A , price correlations would suggest that the two regions are not part of the same market. Is this necessarily true? If p A + t > pB , is A an antitrust market?
During the course of a week, McDonald's has enough time to hire or layoff workers, but it does not have enough time to expand its kitchen or add an additional seating area.
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Suppose that the manager of a paint supply store wanted to estimate the correct amount of paint contained in one-gallon cans purchased from a nationally known manufacturer. It is known from the manufacturer’s specifications that the standard deviatio..
Illustrate what were the major factors that have affected US household consumption While the recession in 2001
Assume that the six-month forward exchange rate between the US dollar and the euro today is $1.22 per euro. Assume also that the spot rate is $1.10 per euro. Then we can say that the euro is trading at a
Illustrate why the store's short-run equilibrium by plotting demand marginal revenue, average total cost,and marginal costs.
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
The import tariffs that President Bush placed on imported steel likely had what effect?
What is the difference between a solicited proposal and an unsolicited proposal?
Organize the above data into the appropriate categories for the current as well as capital accounts determine the current account balance, the capital account balance, as well as the official settlements account balance.
A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate whether more job training makes workers more productive. However, rather than having data on individual workers, you have acces..
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