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Discuss how externalities may prevent market equilibrium and how the various governments policies could be used to remedy the inefficiencies in markets caused by externalities.
Calculate the average total cost at these different sales levels. Assuming that the cost structure for every firm in the industry is identical, do you think that the industry could be in long-run equilibrium?
I expect a payment of $104 one year from now. My discount rate is 4%. What is present value of the payment to be recieved? How much if 5%?
When Hallmark stores offer a product line that includes everything you need to have a Spiderman theme birthday party, what is the primary segmenting dimension that Hallmark is using? Which is the first step in market segmentation?
What are the two primary factors that influence a firm manager's choice between a labor intensive and a capital intensive method of production? Explain how a manager should make his or her choice in selecting the amounts of labor and capital to use i..
Suppose the academy agrees explain how many athletes are required to eliminate the deficit.
Your grandfather's salary was $10,000 in 1967 and it was $40,000 in 1997. Assume the price index for 1967 was 100 and the price index for 1997 was 420. Calculate the real income for your grandfather in 1997.
Describe the Product Life Cycle Concept and include the relative amounts of sales and profit during each stage.
After completing a complex programming project, Melanie is laid off. Her prospects for a new job requiring similar skills are good, and she has signed up with a programmer placement service. She has turned down offers for low-paying jobs.
The Federal Reserve unexpectedly increases the rate of growth of the money supply by 1%, and this change is expected to be permanent. What nominal interest rate will banks charge on new mortgages?
The Occupational Safety and Health Administration (OSHA) promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like.
What is the expected return and standard deviation of the stock?
What are the percentage increases in the price of food and in the price of clothing and what is the percentage increase in the CPI?
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