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Identify a situation in the past 50 years in which the government used antitrust policies to stop a monopoly from occurring. Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded.
Describe the coefficient of determination. Suppose if you were given that the independent variable was 5, what would the predicted value be.
Discuss a decision made by your chosen company that involved costs that should have been ignored. why did the company include these costs in their decision process.
The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent.
Two dry cleaners are located on a street of length. The firms do not make the same profit, verbally describe why this is the case.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
In general, illustrate what happens to the level of consumer surplus as the price of a good falls.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity? What other explanations might be possible?
Elucidate how asymmetric information about a hidden action or a hidden action or a hidden characteristic can lead to moral hazard or adverse selection.
Illustrate what most such asly cause the production possibility curve for vcrs also food to shift outward.
Calculate the expected utility of each project according to this criterion. (c) Is this individual risk adverse, risk neutral, or risk seeking?
Suppose both Smith and Jones utility functions of U(X,Y) = XY1/2. Smith is endowed with (X, Y) = (9,25) and Jones is endowed with (X, Y) = (25,9). Draw an Edgeworth box with indifference curves through this endowment.
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