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Why would firms accept their competitors’ coupons? Under what circumstances would a merchant prefer to use competitors’ coupons? Under what circumstances would they prefer to distribute their own coupons? (In answering these questions, use a price discrimination argument only.)
Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.
Deep global recession might trigger changes in expending from imported items to domestically manufactured items. What are at least two policies that governments might implement to increase expending on domestic items.
In article 2.6 in Dollars & Sense, current research reveals that minimum wage is not set too high! In keeping with your reading of Mankiw's ch. 6, what does this mean in terms of minimum wage being a price floor?
An owner can lease her building for $120,000 per year for three years. The explicit cost of maintaining the building is $40,000, and the implicit cost is $55,000. All revenues are received
create a flowchart by describing how money flows from the us federal reserve to the individual consumer and back to the
If the firm must act as a perfect competitor, in the long run what will happen to equilibrium price and equilibrium output? Graph.
Ken loans his grandson rex $20,000 at 5.5 percent per year to help pay for executive chef schooling in Florida. Rex requires three years till he begins to earn a salary. he agrees to pay ken the loan in the following order : year 1,2,3 nothing to be ..
vetpharm has historically produced and sold drugs for animals however one of its products developed for animal use has
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
What does price, average revenue and marginal revenue have in common and Firms can operate in one or more markets and not always on the same side of the market. General Motors is a buyer in the resource market and a seller in the automotive market.
how does a government budget deficit affect the economy? identify two periods in recent history in which the united
The wage paid to engineers is $4000, while technicians, who are not as skilled as engineers, receive $2000. The firm's budget on a particular project is $28,000. How many engineers and how many technicians should be hired in order to maximize p..
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