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1) In the past year, oil prices have plunged from more than $100/barrel to less than $50/barrel. What impact has this had on OPEC and other oil producing nations? What's the benefit to consumers and manufacturers?
2) The FTC and the antitrust division—recent legal actions Go to the FTC Web site, to find press releases by selecting News. Briefly summarize two antitrust (not false advertising) actions taken by the FTC over the past 12 months. Next, go to the Web site of the U.S. Department of Justice's Antitrust Division, and look under Recent Antitrust Case Filings. Briefly summarize two antitrust -actions taken by the Antitrust Division during the past 12 months.
Can you give examples of the companies that have high pension costs. Why are companies using more technology input while reducing labor input. Explain why are the Average Cost Curves U-shaped.
Clancy has $1,800. He plans to bet on a boxing match between Sullivan and Flanagan. He finds that he can buy coupons for $9 each that will pay off $10 each if Sullivan wins. He also finds in another store some coupons that will pay off $10 if Flanaga..
You are tasked with manufacturing 12 commercial aircraft per month. A new OSHA rule requires that welders be given paid 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using the isoquant isocost graph as an aid, explain what..
Demand curve is P=-Q+90 and the supply curve is P=0.5Q. Find equilibrium price and quantity. What’s the level of total expenditure in the market? What’s the price elasticity of demand at the equilibrium?
Even though we recently became a net exporter for gasoline, it appears that for our overall trade with other countries, the U.S. is a net importer and I'm sure, you all know, especially with China, we are huge net importer. Is that good? Which is bet..
A micro-brewery is considering the installation of a newly designed boiler system that burns the dried, spent malt and barley grains from the brewing process. The boiler will produce process steam that powers the majority of the brewery’s energy oper..
It is always better to hire a more qualified and productive worker then a less qualified and productive one regardless of cost.
If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.
q1. assume that restaurant charges 11 meal for 180 meals as well as that the marginal cost of the 180th meal is 8 in
Total revenue is calculated as the quantity of a good or service sold multiplied by its market price. Thus, it is a measure of how much money a company makes from selling its product. The core objective of a firm is maximizing profit. Explain the rel..
A rise in the rate of inflation, given a fixed nominal interest rate will cause:
In the year 2000, the US had a Budget Balance of $236 billion dollars. The cyclical component of the budget totaled $94 billion. What must the structural balance be (in billions of dollars)?
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