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What is the problem with the perfect competition model according to Kirzner? Why is this relevant for discussing regulation of the economy?
Industrial segmentation is different from the segmentation of consumer markets, because: The segments must be selected by the following criteria I. Bases for segmentation of marketing?
Assume you are working at the Consumer Protection Agency. Recently, you have been getting complaints about the highway gas mileage
Assume that you are 10 years into a 30 year home loan at 5%. You owe $200,000 left on your home at this time. You can refinance your loan at 4% for 20 years; however the TOTAL closing costs will be around $3,000. If you go for refinancing, how many m..
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using e..
Suppose the going market rate of interest on high-quality corporate bonds is 12 percent. FORTRAN Corporation is considering an investment project which will last 10 years and requires an initial cash outlay of $1.5 million
A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units?
If the proceeds on a 14-day simple discount loan is $4151 and the weekly simple discount rate is 1%, how much was returned?
Cousin Edgar is always thinking of the next business idea. This time, he plans to invest in buying two gas stations. He reckons American consumers have come to accept the high gasoline prices, and estimates world prices for gasoline to increase even ..
The general demand function for good A is Qd = 754 - 2 PA - 0.05M + 6PB + 10?+ 3PE + 2N where Qd = quantity demanded of good A each month, PA = price of good A, M = average household income, PB = price of related good B, Interpret the intercept param..
Assume which two people, Michelle also James every live alone in an isolated region. They every have the same resources available also they grow potatoes also raise chickens.
Explain in your own words the Theory of Contract. Cite examples to support your answer. What is a breach of contract? What remedies would you suggest for the breach.?
They found that getting larger was painful it involved a lot of new administrative infrastructure to get everything organized
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