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Would it be possible to privatize the money supply in the United States completely? In doing so, what would be the primary obstacle to overcome in implementing such a policy?
Assume a decrease in consumers' incomes causes a decrease in the demand for chicken and an increase in the demand for potatoes. Which good is inferior and which is normal? Explain your reasons.
in march 2002 american airlines implicitly increased the price for low-priced business tickets. competitors did not
the demand and costs for a firm tht operates in a perfectly competitive market. a- What level of output should this firm produce in the short run b- what price should this firm charge in the short runb c- what is the firm's total cost at this level o..
What are the pros and cons of conducting an experimental versus an observational study? What are examples of these studies? Can both types of studies be used for all projects?
Explain the authors opinion of economic cooperation between the u.s. and canada and information from the article that support explanation.
proctor and gamble pampg and the lever co. decide to form a laundry detergent cartel for future sales in europe. lever
Suppose the Clean Springs Water Company has a monopoly on bottled water sales in California. If the price of tap water increases, what is the change in Clean Springs profit-maximizing levels of output, price, and profit
The utility estimates that by switching to gas, it will save $22,000 per year, starting 3 years from now. At an interest rate of 8% per year, determine the present worth in year 0 of the projected savings that will occur in years 3 to 10.
what are these prices? b) How much output is sold at these prices and what is the profit in each market? c) Based on your answer in part a, justify why would the firm charge same or different prices.
elliot industries has a rather unique product that sells for 25 per unit and the marginal cost is 11.25. determine the
Will firms in industries, in which high levels of output are necessary for minimum efficient scale, tend to have substantial degrees of operating leverage? Please explain.
"No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly does not exist." Do you agree. How might you use concept of cross elasticity of demand to judge whether monopoly exists
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