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Use one at least 1 of the 3 countries (Chile, Serbia, or Greenland) to answer question
Most economists agree that markets do a good job of organizing trade, domestic and foreign. What conditions must a government provide for markets to survive and function efficiently? Be sure to include infrastructure and education or training in your answer.
Firms that can identify two types of consumers can price-discriminate perfectly. Firms can price-discriminate only if there is zero competition in the market. Firms that price-discriminate will not reach higher profits.
A piece of new equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. The investment cost is $22,130, and the equipment will have a market value of $5,000 at the end of a study period of five year..
Why do the United States and many other countries have antitrust laws on the books? What's so harmful about oligopoly that warrants an entire body of law?
Read a full plot summary of the movie Double Jeopardy. In a one- to two-page (250- to 500-word) paper, give your assessment as to whether the "double jeopardy" clause of the Fifth Amendment to the U.S. Constitution would protect the character Libby (..
Discuss your opinion regarding whether unions are still relevant and necessary in today’s work environment. What other means might be used to ensure ‘‘employee voice’’ in the workplace?
Mitchell's income is $150, the price of X is $4, and the price of Y is $2. Given these prices and income, Mitchell buys 20 units of X and 35 units of Y. Call this combination of X and Y bundle J. At bundle J, Mitchell's MRS is 1. Given these prices a..
Assume that land is specific to timber, capital is specific to televisions, and labor is free to move between the two industries. When the Home country moves into doing free trade with the Foreign country, the price of TV rises in Home and the price ..
Briefly describe a product or service you use every day and suggest a better approach to advertising that product/service than is currently being used. Explain your rationale.
In January of 1980, a Troy ounce of gold sold for $850 (an all-time high). Over the 28 years from 1980 to 2008, the CPI has grown at a compounded annual rate of 3.3%. In 2008 a Troy ounce of gold sells for $730. What was the real interest rate earned..
what should you do when the manager of a perfectly competitive firm whose short run cost is TC = 100 + 160Q + 3Q2. If the market price is $196.
Because products are typically differentiated in some way, there tends to be significant advertising in monopolistically competitive industries. How does advertising affect a typical firm in a monopolistically competitive industry? Be descriptive in ..
Research Classical and Keynesian economic ideas. Discuss the following: How do Classical and Keynesian economists differ in their view of the aggregate supply curve? How does this influence what Classical and Keynesian economists believe about fiscal..
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