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The slope of the trade line is equal to the average of all possible trading prices. world price of the good on the horizontal axis. world price of the good on the vertical axis. productivity of labor in producing the good on the horizontal axis. opportunity cost of the good on the vertical axis.
The main purpose of studying a market is to be able to predict qualitatively and quantitatively changes in prices resulting from changes in demand and supply conditions. For each of the following events, assume that either the supply curve or the dem..
Explain what drives up apps sales and how a company would try to use this new trend of apps to increase sales and be competitive in the market. Give examples.
Consider an economy with its production possibilities represented by the function Y = A √ K √ L where Y represents total output (i.e GDP), K is capital, L is labor, and A is total factor productivity (TFP). This economy devotes a share of 30% of its ..
Calculate the balance due, principle payment, and interest payment for each period of a new car loan. the nominal interest is 8% per year, compound monthly. Payments are made monthly for 5 years. The original loan is for $27,000.
If the price were $25, this firm would _______ in the short run and _______ in the long run. In the United States, natural monopolies. If a monopoly firm can sell its eighth unit of output for a price of $175, it may expect to receive a price _______..
In the auction described above, suppose that you could entice additional bidders to attend your auction. However, none of the new bidders would have a valuation greater than $3.0 million.
Assume that the labor demand equation for a fictional country is Ld = 30 – 1w, where w is the wage per hour worked. Assume also that the labor supply equation for that country is Ls = 0.5(w).
What are some econometrics texts that you would recommend for me? I learned some intro econometrics in a course which taught from Studenmund but was extremely bored.
Chapter 8 presents an example of Hamal & Prahalad’s core competency agenda (p207) to identify appropriate opportunities and to justify those opportunities for a firm. In your analysis/model, address each of the four quadrants by answering the questio..
A tax system achieves equity when:
Suppose years of schooling, s, is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given by: What is the average male-female wage differential in the labor market? How much of this wage dif..
Suppose the cost of producing a 30 second commercial for television is $100,000. If airtime on the evening news costs $200,000 and is viewed by 5 million people, what is the advertising cost per potential customer?
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