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1. What are the advantages of the HHI over concentration ratios in measuring the degree of concentration in an industry?
2. What is the Bertrand model? What is its relationship to the Cournot model?
3. What is the Stackelberg model?
A firm has the production function x = f (L) , where x is output and L is labor input. The firm buys the input in a competitive market. Assuming the firm sells its output in a competitive market, show that setting output where price equals marginal c..
Using economic analysis and the guiding principles of sustainability, between the farmer subsidy solution and the principles of sustainability solution, justify which solution is best? Why?
Search the web for ethical standards in the Human Services field, then find at least 5 Scriptures describing how we should treat others and care for them. Compare and contrast the Human Service ethics standards with biblical standards. How are they a..
Suppose the education an individual acquires makes her a more productive member of the workforce and also decreases the likelihood of her supporting dictator. Explain why market recognizes the first effect, but not the second?
M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 9% with bond interest payable semiannually. Six years ago, $980 was paid for the bond. At least a 12% return (yield) on the investment is desired.
We have learned that the demand for money is a negative function of the nominal interest rate. Explain why it is the nominal and not the real interest rate that matters.
Describe the difference in economic profit between a competitive and a monopolistic in both the short and long run. Which should take longer to reach the long-run equilibrium?
Illustrate what is the short-run supply curve for each firm in the company. What is the short-run supply curve for the industry as a whole,Qs.
Bob is a 37 year old and is an account manager with a large telecom company. He's been dragging his feet with his retirement plan, opting instead for expensive trips to vegas and aspen. He has decided its time to get serious about saving for his reti..
Compare and contrast inflation and deflation. What are some of the damaging effects that each has on an economy.
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Do you agree or disagree with the following statement: "The rational model of the organization assumes that the Corporation is based on consent, while the political model assumes it is based on power, and the carrying model assumes the Corporation is..
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