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Q1. Suppose that businesses buy a total of $170 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $88 billion in wages, $24 billion in rent, and $34 billion in interest. Explain how much households were paid for providing entrepreneurial ability?
Q2. a) Is the pricing decision facing Alpha and Beta a prisoners' dilemma? Why or why not?b) Explain the cooperative outcome? Illustrate the non-cooperative outcome?c) If Alpha and Beta make their pricing decision just one time, will they choose outcome of the cooperative? Explain why or why not?d) Can Alpha make a credible threat to punish Beta with a retaliatory price cut? Can Beta make a credible threat of a retaliatory price cut?e) Clarify whether Beta would be more or less likely to
Compare the additional income Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional income it makes as it moves from 40 million to 60 million copies of Vista.
Traditionally, taxi drivers were only paid by the mile. A couple of decades ago, Yellow cab experimented with paying the same per mile rate plus a fixed fee every time a customer got in the cab. How does this change driver behavior?
q1. prepare five-year revenue and return on sales objectives. justify your objectives. you should be able to derive an
Identify a cultural practice that is considered acceptable in one country but is not acceptable in another. What are some cultural considerations that affect the resulting ethical perspectives in differing cultures?
Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve in each of your examples.
Your boss has chosen you to give a presentation to a number of foreign officials regarding the United States Federal Reserve System.
Which is the safer investment, Company A Stock, Company B Stock, or a porfolio containing half of each If you make a lucky prediction about the prices of the stocks of the two companies, will you earn more or less if you invest in that company rat..
David black, representing the management of the automobile manufacturers disagreed with McDonald's assessment. Black cited studies that indicated price elasticity's ranging from 0.5 to 1.5.
What effectiveness of monetary policy depends on how easy it is for changes in money supply to change interest rates.
Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
If she has to eat only whole servings, what will she have for breakfast, and how many calories will she consume? If she can eat partial servings, how would your answer differ?
Evaluate how sale of novels would change during a period of rising incomes. Assess probable impact if competing publishers raise their costs.
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