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The dairy industry is initially perfectly competitive. There are thousands of small dairy farms across the country. Then Bill Gates goes and purchases every single dairy farm.
1. In your own words compare the outcome in the market under monopoly and under perfect competition.
2. Do you believe Bill Gates would be able to keep his monoploy in the long run? Explain
What happens to each of these values if the central bank changes the reserve requirement ratio to 3%.
If the US were to triple the amount of food stamps and housing assistance, then the direct and immediate effect on US poverty rates as officially measured would be:
q1. the government is involved in providing many goods and services. for each of the goods or services listed determine
Illustrate what government body makes fiscal decisions. Policy makers for national fiscal policies. Explain the effects of fiscal policies.
A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.
Assume a firm has just released a large advertising campaign that turns out to be highly successful. Assume the costs have already been included in the analysis. Explain what happens to the firm. Be sure to talk about equilibrium price and quantity f..
Which of these factors will result in higher investment at existing interest rates?
Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol? Why is it unlikely that a firm would sell at a price where its demand curve h..
what is the largest value that the Herfindahl index could possibly take for car dealers in your area? In that same situation, what would the four-firm concentration ratio be?
most people feel health care is priceless however health care comes with a steep cost. what factors must be considered
Illustrate what will the average total cost be after 1 unit is produced. Elucidate what impact does the dollar appreciation have on the firm's international competitiveness.
An asset is purchased for $745,000 today. It will have a $76,000 salvage value after 5 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2.
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