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What is the third world debt crises that was primarily attributed to the recycling of Petro dollars in 1970s and 1980s by International Banks in financing the development process of a several developing countries in Asia, Sub-Saharan Africa and Latin America? What are some opportunity costs countries might face while repaying external debt, if the debt was accumulated with no real productive investments of those debts.
Will this cost increase make the tobacco companies better or worse off, and will it lead to higher or lower prices for cigarettes?
A kinked demand curve is most likely to occur when other firms. The difference between the price firms would be willing to accept for their goods and the price they actually receive is called. The marginal product refers to the impact of which unit o..
Take a sample of thirty households from two counties A and B and collect data on their incomes for the past month. The information obtained (in thousands of dollars) and their corresponding frequencies is given below:
How is Apple able to maintain high profit margins on its phones, while most Android phones struggle to be profitable? Select the answers that apply and give justification for your choices.
The relative price rule is equivalent to saying the marginal utility per dollar is the same for both goods, or goods should be consumed in the same ra5tion as their relative price.
Iggy only consumes two goods: coffee and cigarettes. Three cigarettes can be traded for one cup of coffee in a free market, or one cup coffee can be traded for three cigarettes. Find an equation that gives every bundle of cigarettes and coffee that I..
Select an industry or firm and state what is the market structure (pure competition, or monopoly, or monopolistic, or oligopoly).Define the characteristics of the industry or firm to support your selection of a market structure. Describe or illustrat..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Draw the diagram for a firm in long run equilibrium in monopolistic competition. What role do economic profits and losses play in getting the firm to this point?
The payoff to a company that enters is its gross profit minus its entry cost, while the payoff to a company that does not enter is 60. Find a symmetric Nash equilibrium in mixed strategies.
The firm increases its entire size until it makes 30,000 units a week. What would total cost be if the firm faces constant returns to scale?
Explain price elasticity, income elasticity and cross elasticity of demand. Assess relevance of price elasticity of demand, income elasticity of demand and cross elasticity of demand to a magazine publisher.
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