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Q. Fuji, Konica, Agfa, and 3M. From a technical viewpoint, there was little difference in the quality of color film produced by these firms, yet Kodak's market share was 67 percent. The own price elasticity of demand for Kodak film was -2.0and the market elasticity of demand was -1.75. Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today? Explain.
Calculating MPC, In one year, a consumer's income increase by $400 and her consumption increases by $120. Her marginal propensity to consume is equal to.
Explain how much money will Pat have available to spend on her new computer after 1 year.
What type of economic flow would be illustrated b the purchase of a Mexican candy-making factory by a US company.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
A firm in a perfectly competitive market invents a new method of production which lowers its marginal costs. Illustrate what happens to its output.
q. foreign-born population which countries have the most? the united nations department of economic and social affairs
Illustrate what economic decision makers determine the demand for labor. What is their goal, and what decision criteria do they use in trying to reach that goal.
What is the significancee of this opportunity cost to the search for better technology to reduce pollution?
explain the difference among moving along a curve and shifting the curve. Assume a market is in equilibrium and the demand curve shift to the right, describe the market adjustment process in restoring equilibrium.
Why does this happen that Research the recent history of gasoline pricing in Texas, and attempt to relate any fluctuations you observe to documented supply and demand factors. Be sure to cite any references used.
Explain how this tax affects the welfare of foreign consumers and producers. Is world welfare higher or lower? Explain.
Winston Churchill once thought that democracy is the nastiest form of government except for all others.
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