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two accompanying show supply an demand curves for two substitute commodities: regular cell phone and smartphones.
A. Show what happens when rising raw material prices make it costlier to produce regular cell phones?
B. Show what happens to the market for smartphones.
In 1976 independent Texaco retailers file suit against Texaco. In 1990, the Supreme Court of the United States found that Texaco had indeed violated antitrust law. Illustrate which law do you think Texaco was found guilty of violating.
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Explain your reasoning also explain Illustrate what she needs to do methodologically to make a stronger case.
Comment on this trade-off between equity and growth. Explain how would you go about resolving the issue if you were the president of a small poor country.
What will happen to the price of asset A and what about the nominal interest rate on asset A and explain how an open market purchase leads to an increase in the money supply when the central bank pays for it with reserves - even though reserves th..
Illustrate what is each firm's equilibrium output and profit if they behave noncooperatively. Use the Cournot model. Draw the firms' reaction curves and show the equilibrium.
Distinguish between ongoing demand pull and ongoing cost push inflation. Carefully draw them. Why might it be difficult to establish the extent to which a given rate of inflation is either demand pull or cost push?
For each of the following events, explain the short run and long effects on output and the price level, assuming polycimakers take no action.
Illustrate what is the airline's profit-maximizing fare? How many passengers does it carry per week, using how many flights.
If CPI was somehow able to monopolize the market what would happen to the price of toothpaste, would it rise or fall? What would happen to the profits CPI makes via their toothpaste division?
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.
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