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Many conspiracy theories have been offered as explanations for the assassinations of the great leaders of the 1960s and still fascinate society today. Share some of those conspiracy theories. What contributes to the belief in conspiracy theories?
In which market model would there be a unique product for which there are no close substitutes? In which two market models would advertising be used most often?
Draw a (standard) U-shaped SAC curve, U-shaped SAVC curve, and upward sloping SMC curve for a perfectly competitive firm. Indicate the firm’s short-run supply curve. What will be the effect of an increase in fixed costs on the firm’s supply curve and..
Illustrate the purpose of this optional homework is to learn how specialization and trade benefit all trading parties.
If you expect to retire in 30 years, are currently comfortable living on $50,000 per year and expect inflation to average 3% over the next 30 years, what amount of annual income will you need to live at the same comfort level in 30 years?
The graph also shows the marginal revenue curve faced by this firm. Hypothetical cost and revenue curves for a computer producer. Explain how many computers will the monopolist sell to maximize profits.
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
Can you think of a product that is a large part of your budget where the price elasticity of demand is very low? Why is it so low? In estimating demand functions, what is the most important thing to remember? Why?
Economic and Ethical Issues of Pricing Assignment Description
Sketch a graph which shows the lost gains from trade that result from having a monopoly.
Suppose the S&P index is expected to fall by 1 percent over the next month. What is the expected return on PepsiCo's stock?
If the Fed purchases Treasury Bills from banks:
If real income in a country falls, then the demand for money will ____________ , leading to a ________ in the interest rate and a ____________ of the currency.
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