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1-Explain why technological progress will, at best, only temporarily allow a perfectly competitive firm to earn an economic profit and what will happen to profit in the long run.
2-If the same technological progress happens to a monopoly what will it do for its profits?
3-Select any company that you will like to work for. Assume that your boss has asked you to analyze the type of market structure your company falls into. Based on what you have studied, what would you tell him/her and what information would you use to support your answer?
4- The Organization of Petroleum Exporting Countries (OPEC) is an international cartel of a group of large oil exporting countries. It tries to control the price by keeping a check on the amount of crude oil produced by its member states. Is its effect on the crude oil market a harmful or a desirable act?
assume you are a policymaker in washington dc. lobbyists for the preschoolers of america have put pressure on their
investors are expecting the federal reserve to take action. discuss the strategy you expect the federal reserve to
Suppose that the market price of new housing is $100,000 in Las Vegas, and local government officials modify regulations which increase the cost of building new homes. The higher costs cause supply to drop by 18 percent, the price elasticity of deman..
A firm has a cost function given by the following: Find the firm's production function, y= f(x1, x2).
Do you think there are lessons for American capitalism in Europe’s experience? Is it the other way around? Might both have things to learn? Do you think that the general acceptance of the market framework by Europe’s socialist parties signals an end ..
What are the characteristics of a Perfectly Competitive Market and what are the Characteristics of a Monopoly?
Suppose that after graduation you take a job with an employer that oers to pay full tuition for employees wishing to return to school to get an MBA degree during non-work hours. You are not required to continue working for the rm a..
If expected inflation is constant and the nominal interest rate increases, how does the real interest rate change?
you are the manager for dunkin donuts and know the following
What are the primary valuation methods in environmental professionals' toolkits that can be used to perform property value analysis? What physical properties of how water and soil interact affect the success or failure of soil remediation?
What is the minimum-cost output? What is this manufacturer's fixed cost, For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), a..
What is the profit maximizing level of output - what is the maximum profits firm can attain and why would this firm decide to produce instead of shut-down?
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