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1- What are the characteristic that a firm faces in a perfectly competitive market ?
2- What methods would they employ to maximize profits?
suppose the equilibrium price in the market is 24 and the price elasticity of demand for the linear demand function at
Caviar and champagne are complements. Recently, pollution has been a problem in the Volga River, where much of the world's caviar originates. The sturgeon that live in these waters are laying fewer eggs than before. Show graphically and explain..
develop the product or service for sale.
From this information, can you devise a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms in the market merge? (Hint: compare a2 + b2 with (a + b) 2)
During the first couple yrs of the Nintendo Wii release, it was priced very low and significant shortages existed. Why didn't Nintendo either raise it's price to sell the same quantity of Wii's or increase it's supply. Both would have increased pr..
Explain how our allocation of time resembles the way the nation or other firms allocate scarce resources (land, Labor, Capital and Entrepreneurship
Identify an article on any one of the following management decisions commonly made in an organization:
maria and emmanuel need to cut logs for shelter or gather food to stay alive per day. maria produces 10 cut logs of shelter and 10 baskets of food. emmanuel produces 5 cut logs of shelter and 8 baskets of food. a) what is the opportunity cost for m..
What happens when you slowly pulled the cardboard? Explain, What happens when you flicked the cardboard? Explain and What happens when you hit the coin at the bottom? Explain
Discuss the impact of population growth on per capita income and its growth. Evaluate the validity of the following statements
Explain the advantages and disadvantages of using a change in the tax rate to achieve the desired increase in output.
The economy can be stimulated with a variety of injections not just government spending. What economic policy would you advocate to (1) encourage investment spending, and (2) encourage exports. How effective do you believe these policies would be..
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