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Q1. Were past societies in human history more ecological than our society today? What is the most ecological society today? Which societies or cultures do you think will become the most ecological and why?
Q2. Consider a household survey that concludes that poor households spend only 0.6% of a 1% increase in income on food. Can you conclude from this finding that a nutrition-based poverty trap does not exist for these households? Carefully explain.
Q3. Why might price collusion occur in oligopolistic companies? Evaluate the economic desirability of collusive pricing. What are the main obstacles to complicity? Speculate as to why price leadership is legal in the United States (US), while price-fixing is not.
Economies of scale can be quickly exhausted not everyone wants to ‘shop' from same ‘store' size can also mean diseconomies of scale if focus Is lost and conflict of interest what matters to shareholders is profitability not Challenges (contd.) Do..
Draw the budget line on the Edgeworth box through the endowment point. What is the equilibrium allocation?
Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to
A manufacturer has been selling 1600 television sets a week at 370 dollars each. A market survey indicates that for each 36 dollars rebate offered to the buyer, the number of sets sold will increase by 60 per week. Find out the demand function.
If you wanted to measure the amount of income households had available after paying personal taxes, which of the following would you use?
Elucidate the multiplier concept as it applies in this case. What are the qualifications and limitations of the multiplier model.
How much Wyandotte have to decrease the price of polyol to attain a 15% increase in the quantity sold.
illustrate what would need to reduce the supply of money if Canada was an open economy with a flexible exchange rate.
Describe each country's reaction function. Does a Cournot equilibrium exist? If so, find the outputs and prices of crude oil in the two countries.
How will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
How does advertising become unethical? B- What steps must each part of the advertising "communication" process take to ensure that it remains ethical
A construction company is bidding on a project comprising five high-rise buildings to be erected one after the other.
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