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The Bureau of Labor Statistic and Federal Reserve Bank in St. Louis both have a lot of economic information. Base on current information, for the industry you're familiar with, discuss the positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in the long run. What would you recommend as a course of action, if any? For the industry you have chosen, discuss how price moves from today to the future.
What price and quantity will result once the patent expires and competition emerges in this market? Explain your answer.
His plant engineers report that, at his projected volume, labor costs are $1.00 per package, material costs are $2.00 per package, and other average fixed costs are about $0.7. What price should he charge for his firm's product?
Assuming that a merger faces some threats also that the industry decides on self-expansion as an alternative strategy.
Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
What is the difference between demand for insurance and demand for medical care?
Illustrate what do the results tell you about the relative size of the income also substitution effects for leisure for Jake.
Why does a union electrician earn less than a non-union electrician? Why does a white male earn more than a white female with the same level of education?
Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to
Illustrate what would you expect to happen to the company's total revenue if the shoe prices were increased. What if the company lowers the price.
Explain the law of demand and the law of supply in healthcare. Distinguish between demand and quantity demanded. What determinants cause a shift in demand? Please include reference(s).
q1. banking system presently has 200b of bank explanation none of which are excess. citizens clutch only deposits also
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