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1. What is the value proposition that Apple Pay offers consumers? How about merchants?
2. What are some of the limitations of Apple Pay that might prevent its widespread adoption?
3. What advantages do the Square and Paypal mobile card swipping solutions have in the mobile payment market? What are their weakness?
4. What strategies would you recommend that Apple pursue to assure widespread consumer adoption of Apple Pay?
Illustrate what is the level of consumption at the equilibrium level of income.
Which piece of information would be least useful in trying to predict the effect of a $700M increase in government spending on equilibrium GDP?
Consider a rancher-farmer economy. Assume that the rancher has no choice over how many cows to raise but either the farmer or the rancher (or both) can build a fence to eliminate the crop damage of $150. However, the costs of installing the fence are..
The efficient price of a license fee is determined by the difference between ... Which one of the following is least likely to be considered a public good? The two characteristics of a public good are: Which one of the following goods can be consider..
"Senior citizens deserve an income that will allow them to live in comfort for their remaining years."
Smallville is suffering annual losses of taxable properties and property values of 1% each. Even so, Smallville must maintain its tax collections at a constant value of $3.2 million to maintain services. What is the required rate of increase in the t..
Suppose the demand for good X is Qdx=10-2Px + Py +M .the price of X is $1 the price of good Y is $10 and income is $100 given these prices and income how much of good X will be purchased?
A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium. Briefly explain the short-run adjustments for the market and the firm to a decrease in consumer incomes. What happens..
Describe the general characteristics of oligopolies. Describe the economic characteristics unique to the airlines
One of the most striking aspects of cities in the former Soviet Union is the poor condition of public places. Streets, parks, libraries, museums, concert halls, and public gathering places of every description are all in very poor condition, revealin..
A firm has developed a new product for which it has a registered trademark.
Which lawyer would you sooner choose if you were on trial for a serious crime in a urban vs. a rural society. Is there a difference between the two communities? If there is tell us why there might be a difference.
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