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Q. 1. Airline companies sometimes fly airplanes that are one quarter full between cities. Some people point to this as evidence of economic waste. Is this economic waste? Would be better to have fewer airline companies and more full planes?
2. Draw a diagram to identify a monopolistic competitor that is incurring losses.
3. Total industry sales are $105 million. Top four firms account for sales of $10 million, 9 million, 8 million and $5 million, respectively. What are four firm concentration ratios?
illustrate what does the efficient market hypothesis say will happen to the price of the stock when the $4 loss is announced.
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
Compute the changes in consumer surplus, producer surplus, government revenue and third party surplus. Also, show these changes on a graph.
What are external costs associated with cellular phone usage in automobiles. external benefits. What is difference between private and social costs. What distinguishes public goods from private goods.
Illustrate what economic cost will an owner of a family-run business or farm likely overlook when computing their "profits".
Compute the MRS of other goods for airline miles; i.e., the MRS that represents the slope of the indifference curves when x1 is on the horizontal and x2 is on the vertical axis.
determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.
A company currently sells 60,00 units a month at $10 every unit. The variable cost every unit is $6. The company decided to raise the price about 10%.
Production When you have completed your study of this chapter, you will be able to 1 2 3 4 Explain how economists measure a firms cost of production and profit. Explain relationship between a firm output and labour employed in short run.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Explain how will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
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