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1. If an industry is perfectly competitive then a single producer is a price taker? Why? Explain with examples.
2. What is the supply curve of a perfectly competitive firm? Is it different from that of the market supply curve? Explain with examples.
Explain the assumptions behind the model of perfect competition and explain the sources of the recent housing price "bubble"? Provide a chart if needed?
Is demand for courses at the universities that did not increase their fees elastic or inelastic with respect to universities that did increase their fees? What is the importance of this degree of elasticity?
coach bjourn toulouse led the big red herrings to several disappointing football seasons. only better recruiting will
1.describe developing countries and how they differ from industrial market economies. how can international trade aid
Consider a particular genetic disease affects 3% of adults in the U.S. population. Fortunately, there is a genetic test for the gene that causes the disease. The test is 98% accurate; that is, 98% of the people who take the test get the correct..
at the same meeting of the open market committee where it announced quantitative easing 3 the fed chose to also
Workers are compensated by firms with "benefits" in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2000 workers at one steel plant were paid $20 per hour
discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue
Freemium is a business model that gives free access but charges for premium features. Many social games fall into this category. On the social networks, why is it difficult to generate revenue through advertising? Why is it particularly hard fo..
Suppose π = 0.1. Compute the expected value E(X) and the expected utility E(u(X)) of the lottery X = Xb π Xg 1 - π! that he faces if he steals, where Xb is his income if he is caught and Xg his income if he is not caught. Plot the points (Xb, u(Xb..
Presume that the value of the potential money multiplier is equal to 8 compute the needed reserve ratio ___%. (Enter your response as a percentage rounded to one decimal place)
What cultural competencies should a global leader possess - Individual design of a mini business conference
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