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Assume you are the manager of a California winery. How would you expect the following events to affect the demand or quantity demanded for your product? Briefly explain.
a. The price of comparable French wines decreases.b. One hundred new wineries open in California.c. The unemployment rate in the US decreases.d. The price of cheese increases.e. The price of a glass bottle increases significantly due to new government anti-shatter regulations.f. Researchers discover a new wine-making technology that reduces production costs.g. The price of wine vinegar, which is made from the leftover grape mash, increases.h. The average age of consumers increases, and older people drink less wine.
An entrepreneur plans to convert a building she owns into a video-game arcade. Her main decision is how many games to purchase for the arcade.
Illustrate what is your prediction about the economic health of each economy over the next few years.
Describe implications for pricing of batteries, brakes and oil changes on the sale of tires.
How does the free rider problem explain why telephone companies are usually successful in getting permission to raise their rates?
The first step in comprising the value of this stock today, is to compute the value of the stock when it reaches constant growth in year.
Discuss why the same types of problems may exist in government as well, where elected officials are the agents and voters are the principals.
Illustrate what amount should Kilarny Company pay for this investment if it earns a 6% return. What cash proceeds did Galway Bay receive from issuance of the bonds.
Which nation has a comparative advantage in clothing and by what amount.
List the four assumptions for the Monopolistic competition model. Now explain how the market will adjust in the long run and draw a corresponding graph for the representative firm in the long run. (Explain your answer.)
This post denotes a practice question for the Sherman Act.
Assume all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit.
For every following events, consider how you might react. What things might you consume more or less of would you work more or less.
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