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Why is sustainable competitive advantage so important to a winning business strategy?
Draw a graph illustrating this market and in your graph identify the equilibrium price, equilibrium quantity, all intercepts, the area that is CS and the area that is PS.
Thinking more broadly, if as an economic consultant you observe a price rise in a market in the long run that is smaller than the per-unit tax levied, what can you imply about the structure of that market? Explain briefly.
If the marginal product of capital net of depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labour-augmenting technological progress equals 2 percent
You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of $30. Your variable costs are given in the following table:
an individual is considering two investment projects. project a will return a zero profit if condition are poor a
Suppose you are asked to evaluate a policy that addresses urban smog problem in the Chicagoland area. This policy is one of the several ozone-reducing policy options evaluated using cost-benefit analysis.
The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost. That is, the firm will achieve productive effici..
Make a brief memo advocating that the project should be chosen and also explain why.
Continue to assume that C = 400 + 0.75 (Y - 100), I = 100, and NX = 100. But the government now increases spending from 100 to 150, how much is the new Y in the goods market equilibrium?
According the World Bank's World Development Indicators 2003, Canada's 2001 GNI per capita ($21,930) was about 63 times higher than Kenya (with $350). Can we surmise that the average economic well-being in Canada was about 63 times the average eco..
What problems arise in estimating whether an equal income distribution is fair or not? Diuscss the difference between income and wealth?
In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:
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