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Q. 1. Who were the three ADM executives who were sentenced to prison for this little escapade? Is there anything unique about the highest-ranking executive who got sentenced - like a family connection? (hint: the New York Times had a number of stories about this case)
2. One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he? Why did he rat out his co-workers?
3. Find one other example of a price-fixing conspiracy and describe it, in 200 words or less.
Elucidate how each change mentioned in the article impacts upon the aggregate expenditure model.
Define three types of elasticity of demand. Indicate how you would use information from recent research paid by your company that the own price elasticity of your product is -1.2 and not -.08 as previously thought.
Elucidate how which any two pure strategy equilibria of a zero-sum game are interchangeable also equivalent.
Just breaks even over the year as whole. a Wouldn't the restaurant do better by staying closed out of season. At what cost will it shut down, given that all its fixed costs are sunk.
If you had the power of the President, Congress, and the Federal Reserve, what would you do to stimulate the U.S. economy which is barely growing?
How will each of the following affect the supply for insurance?
Competition in the market is such that each of the firms independently produces a quantity of output.
A any given interest rate, business become very optimistic about the future profitability of investment spending. Assume the budget balance is zero.
Which nation should specialize in which product. Explain how trading possibilities lines for each nation if actual terms of trade are 1 plum for 2 apples.
What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply
q.suppose that you are interested in comparing the costs of producing inpatient services at saving grace hospital with
How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
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