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Assume that you were ready to buy a custom tailored Dress (or men's suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100.
When you arrive at the tailor shop, the posted price for the item is $150. Discuss how this scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decision
Discuss any recent purchases you have made and for which you feel that a similar rational seemed to be at work.
Compare and constract equilibrium for a monopolistic fir and that of a perfectly competitive firm. clearly labelled diagrams should be included
A random sample of teenagers asks how many minutes per day they watch TV. There is a population variance of 625. The null hypothesis you want to test is H0 : µT V
What are the benefits of the staggered movie times allowed by multiple screens? What is the benefit to a multiscreen theater of locating at a shopping mall?
Examples of Barriers to entry are? Capitalism is an economic system, If people with high income pay a higher percentage of income in taxes,the income structure is
Calculate the cross-price elasticity of demand and are the goods complements or substitutes
You now know everything you need to know to be an informed critic of the Affordable Care Act. Based on all that you have learned, how does the Act measure up to our three goals of 1) increasing quality of care, 2) increasing access to care and 3) kee..
consider a competitive market served by many domestic and foreign firms. the domestic demand for these firms product is
the bank issues a letter of credit to one of its corporate clients. what is the immediate impact on the equity ratio?
Identify the normative policy school (Keynesian, New Classical, Supply side, Monetarist, or Mainstream) which most closely represents your own normative policy views? Defend your position and offer at least one counter argument against the alternativ..
Using game theory, map out a prisoner's dilemma game that shows why even though discrimination was prominent, Major League Baseball allowed blacks to play in the MLB. Please explain how you achieved the payouts in the game.
The majority of the world’s diamonds comes from Country A and Country B. Suppose that the marginal cost of mining a diamond is $1,000 per diamond and that the demand schedule for diamonds is as follows
One roommate says that he buys stock only in companies that everyone believes will experience big increases in profits in the future. How do you suppose the price-earnings ratio of these companies compares to the price-earnings ratio of other compani..
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