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What are the various stages of the product cycle?
What does the product cycle model tell us about international trade and technology?
As a price searcher, a monopoly firm?
Which of the following was responsible for slower economic growth before the Industrial Revolution? There was no instance of technological innovation.
Adam Smith favors a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How?
All the costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold. What price should you charge for movie tickets?
What are some obstacles your firm might face with production in another country - What impact would that have on your firm?
discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Illustrate what would happen to the equilibrium price also quantity of lattés if the cost of producing steamed milk
What investment will you choose if your utility function were given by U(M) = M2 ? What is the certainty equivalent of the chosen investment?
Explain the concept of Pareto Improvements and give examples from purchases you made during the last Christmas/Holiday season. Explain the term Deadweight Loss and cite an example of a market situation that would create such a loss.
If average movie ticket prices rise by about 5 percent and attendance falls by about 2 percent, other things being equal, the elasticity of demand for movie tickets is about:
Assume interest rate levels rise to the point where such bonds now yield 12 percent. Illustrate what should the U.S. Congress also the Federal Reserve do about it.
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