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Monopolistically competitive firms try to differentiate their products in order to eliminate substitutes. What are the comparable measures that can be taken in labor markets to decrease the number of “substitutes” for some types of labor? What are the measures? Can you provide an example?
Describe the rationale behind arriving at figures for the natural rate of unemployment, stable prices, and sustainable economic growth.
By how much might the quantity of labor supplied decrease if the tax elasticity of supply were 0.20 and the marginal tax rate increased from 35 to 39 percent?
In a natural monopoly, the average cost:
A monopoly is considering several units of a homogeneous product as a single package. Determine the optimal number of units to put in a package. How much should the firm charge for this package?
M1 money growth in the U.S. was about 16% in 2008, 7% in 2009 and 9% in 2010. Over the same time period, the yield on 3-month T-bills fell from almost 3% to close to 0%. Given these high rates of money growth, why did the interest rates fall, rather ..
Discuss specific changes in supply and demand. Examine prior government policies and legislation that exacerbated the impact of the shocks.
In a market society, collective behavior determines the levels of incentives (or prices).' Explain, using diagram, the way in which prices are achieved in the market. In the diagram also show the consumer and producer surplus. Using the concept of co..
__________can lead to a situation where, even if sellers are faced with a situation of _______________, they will decide not to cut prices for awhile because they know that buyers in this situation will not react by purchasing a _______________ .
Choose the 10-year period of history between 1950 and today that you are going to research for your final project, and discuss it in this discussion forum. What is it about this period of history that interests you? What are some major economic event..
Explain the reason for positioning and repositioning products. Choose a product with which you are familiar, preferably one in your industry, and explain how it might be repositioned. Indicate its current position in the market, a desired position, a..
ABC Company purchases a machine for $40,000, keeps it for six years and sells it for $5,000. During the time the machine was used by the company, O&M cost totaled $5,000 the first year, $6,000 the second year, $8,000 the third year, $9,500 the fourth..
A also the new allocation B. Include indifference curves that is consistent with this trade being optimal for both Michael also Tony.
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