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Q1. Using supply and demand analysis to predict the effect of e-commerce on equilibrium output and equilibrium price of products gaining a presence on the Internet
Q2. Explain how productivity determines our standard of living?
Q3. What is the common-pool problem, and how can it be reconciled?
Q4. The widget Industry in Any town is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W
Where number of widgets sold per period is W.
The total cost function (including opportunity or implicit costs) for Widget Corp. isTC = 300 + 500 W + 10 W2
What are the strength of the neoclassical models of labor supply and labor demand. What are the weakness of the neoclassical models of labor supply and labor demand.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
Prepare a recommendation for each company. Should your recommendations be the same for both companies
Calculate and interpret the own price, cross price, and income elasticity of demand.
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.
Explain the concept behind the governments TARP program and the ensuing stimulus packages that were implemented.
Advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service.
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
Prepare a table with values from all four cases as well as compare the sensitivity of the model solution to changes in parameter values.
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