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An industry said to be characterized by monopolistic competition is the apparel industry. Suppose you were hired as a consultant by a firm in this industry. How would advise the firm as to the levels of output, price, input usage, and advertising?
What problems might the firm encounuter?
Illustrate the potential problems of economic transition from a planned economy to a competitive free-market economy.
Murphy Company, a cash-basis, calendar-year taxpayer, received a call on December 28, year 1, from a client stating that a check for $9,000 as payment in full for their services could be picked up at their offices
Assume the corporate income tax were eliminated and revenue lost was made up through rising the payroll tax rate on labor earnings.
During the recent recession, when countries around the world suffered high unemployment rates and the governments were experiencing huge budget deficits, economists debated whether to raise or cut taxes or to raise or cut government spending.
Show the PBC balance sheet. What is PBC's target reserve ratio and how much "bank capital" does PBC currently have? Explain.
THe production function is y= a * Ka * L1-a, If a= 0.3, and over the past year total factor productivity grew 2.3 percent, capital grew 2 percent, and labor grew 3 percent, what was the growth rate of output?
Alternatively, watermelon output could be increased by 500/month with an additional 2 tons of fertilizer/month. assuming the cost of water is $0.03/gallon and the fertilizer is $25/ton, is Van Farms using an optimal combination of fertilizer and w..
A night vision goggle manufacturer is evaluating a make-versus-purchase situation for a component used in its low-priced products. The component can be purchased at a variable wholesale price of P=1200+50y where y is the number of items.
Explain the reasons behind that why a currency undergoes a significant depreciation and what were important characteristics of Asian countries involved in the crisis?
Fierce storms in October 2004 caused Tomato Fest Organic Heirlooms Farm to end its tomato harvest two weeks early. According to Gary Ibsen, a partner in this small business (Carolyn said, "Tomatoes in Trouble," San Francisco Chronicle, October 29,..
Amount of Beef or Computers Produced by One Worker in a Day Canada Japan Beef 6 5 Computers 2 4 What are the limits of the terms of trade Specifically, when is Canada willing to trade with Japan, and when is Japan willing to tra..
Give some arguments for and against the critisim of the federal income tax exemption of interest on state-local debt as being an inefficient subsidy.
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