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1. Industries and business practices that are exempt from the antitrust laws are (Labor Unions, Public Utilities - electric, gas, and telephone companies, Professional Baseball, Cooperative activities among U.S. exporters, Hospitals, Public Transit and water systems, Suppliers of military equipment, and Joint publishing arrangements in a single city by two or more newspapers.)2. Develop a rationale for each exemption. Research the rationale for one of the exemptions and evaluate its merits (look for the costs and the benefits). Write a position paper on exemptions to antitrust laws.
Use the following information for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers firm will employ to maximize profits.
Elucidate what is the residual demand elasticity facing one firm at the competitive equilibrium.
Marginal Revenue (MR) = $130 Total Cost (TC) = $1,100 + 135Q + 0.6Q2 Marginal Cost (MC) = 135 + 1.2Q As the plant manager, should you recommend to the owners that the plant be shut down for a while? Justify your answer using at leas..
The world major central banks, including the U.S. Federal Reserve, European Central Bank, Bank of England and Bank of Japan, conducted a joint policy action on 11/30/11 inject liquidity into global financial markets.
Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to
Elucidate implicit assumptions would an researcher make regarding price elasticity of a magazine.
Explain how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
Show the first and second order condition for profit maximization. Illustrate what is the price elasticity of demand faced by this monopolist.
The company claims that the investment will grow to 10 times the original investment over the next 20 years. The company allows you to invest $200 per month for the next 20 years in this activity. If, in fact, the original investment in Greece per..
In terms of expansionary or contractionary policies, which do policy do you see more in line with the politics of the Democratic Party.
Use the production and price information in the table to calculatereal GDP for 2009, 2010, and 2011 using 2010 as thebase year.What is the growth rate of real GDP from 2009 to2010 and from 2010 to 2011?
Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
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