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Which of the following is not a reason monopolies exist?
Large fixed costs
Location
Patents
No fixed costs
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
Illustrate what is the expected value of the future share price? b. Sharon buys a ticket in a small lottery.
Calculate the range, variance, and standard deviation for this data series. Which measure does the best job of describing the dispersion in this variable.
Find out his utility maximizing H and L. Assume he is not eligible for welfare. Now assume he is eligible for welfare. Does he take welfare or work.
Suppose the real side of an economy is characterized by: Y = 80K1/2 L1/2 K=100 and L= 100 G = 3000 T = 3000
What are the corresponding retail and wholesale prices? What would happen if the sales are switched from the retail to the wholesale and vice versa?
What information would you use to make predictions about the economic demands and probable settlement for a particular union-management negotiation?
How can you use these tools to decide best path for your company to pursue. Illustrate what are pros and cons of utilizing se tools.
Illustrate what is the present macroeconomic situation (e.g. worrying about inflation also/or recession) in the U.S.
Assumes that wheat producers lobby the government for a price floor also receive one.
Suppose the price of clerical time remains at $7.50 per hour. How high would the price of an hour of computer time have to be before the firm would find it worthwhile to use only clerks to process the payroll?
Illustrate what government body makes fiscal decisions. Policy makers for national fiscal policies. Explain the effects of fiscal policies.
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