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1. Suppose the Disney Company was experiencing above-normal profits. What would you predict would happen over time?
2. Explain why a proposed merger between Staples and Office Max was not allowed by the Department of Justice
Discounting is examined. Suppose that individual demand for a product is given by QD=1000-5P. Marginal revenue is MR=200-0.4Q, and marginal cost is constant at $20. There are no fixed costs. a) The firm is considering a quantity discount. The firs..
We want to determine if the training program was effective. Give the hypotheses for this problem. Compute the test statistic. At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates
Instead of the ration in the preceding question, suppose that the government increases taxes on gasoline, in addition to the market price increase
Assess the success and shortcomings of the Oslo process from the Palestinian point of view.
What is protectionism? Who benefits and who loses from protectionist policies? What are the main arguments people use to justify protectionism?
What is the impact of foreign economic aid from rich countries? Should developing countries continue to seek such aid, and if so, under what conditions and for what purposes? Should developed countries continue to offer such aid, and if so, under ..
Complex operations managed by a single machine would not be possible without software that controls the drive motors used in each machining operation and enables individual cutting devices to work - sometimes for just a few seconds - on a particul..
Why don't we say that the public will spend ((0.6+0.2) * 150), or 120, and Y will increase by 600. After all, when we talk about domestic investment, it's not only government that invests in the economy - people do too, right
a)What is the probability that two randomly (and independently) selected applicants will both score less than 450 in this test b) What is the probability that out of two randomly (and independently) selected applicants, at least one will score less..
Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the total product, average product of labor, and marginal product of labor curves.
In your second part of the essay, assume an economist estimates the present value of benefits (PVB) of the proposed policy to be $ 4.2 billion and the present value of costs (PVC) to be $ 5.6 billion. Is this proposal feasible? Explain briefly.
Customers to Live Theaters, Inc. can be divided into two groups: seniors and everyone else. The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving
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