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How do the six-digit North American Industry Classification System (NAICS) and the therapeutic market definition of the pharmaceutical industry differ in terms of seller concentration? Which do you think is a better measure? Why? Think in terms of actual and potential competition.
Explain the difference between the demand curve faced by a purely competitive firm and faced by a monopolistically competitive firm. How does this impact quantity of the firm produces and the price charged? specifically, how do economists define effi..
a company makes a decision to expand its production line that requires initial investment of 100000. the company
Wilson is offered a job in Kansas City that pays $50,000 and a job in Dallas that pays $60,000. Which pair of CPIs would ensure that the two salaries have the same purchasing power?
The nation of Leisureland can produce two goods, bicycles and bowling balls. The western region of Leisureland can, if it devotes all its resources to bicycle production, produce 100 bicycles per month. What is the opportunity cost of producing an ad..
Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?
Calculate the cost elasticity of demand as well as for paint as well as show your calculations.
Describe how the economic theories and principles you have studied in this course have deepened your thinking about economic behavior.
A bond has a face value of $8000. The bond stipulates a fixed nominal interest rate of 8% per year, paid every 3 months, over its 10 year life. If you were to buy this bond at a price of $7500, determine your quarterly IRR, your nominal rate of retur..
Explain by how much would it have to increase government purchase to achieve this goal.
What factors in socio-cultural segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the ind..
Briefly explain whether you agree with the following statements: a. “ A bank that expects interest rates to fall in the future will want to hold more of rate -sensitive assets and fewer rate- sensitive liabilities” True or false b. “A bank that expec..
If a random sample of three South African men were selected at random, what is the probability that the sample mean height is greater than 72 inches? How do you do this two-part question?
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