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Answer each of the questions below in short-answer format. Write your responses in complete sentences. Your answers to each question should include 2-3 paragraph.( 125-250)
1) What is a monopolist, and what is required in order for a monopolist to earn profits in the long run? How is government involved with the creation of barriers to entry?
2) What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors? What are the implications of having a large number of firms in a monopolistically competitive marke
3) Suppose that the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens to the market for autoworkers? Explain. Now, suppose that the automakers improve working conditions at the plants. What are the effects? Explain.
4) Discuss the significant laws passed since the Great Depression that affect labor-management relations. Explain.
5) Explain the three categories of balance of payments transactions.
What are some of the ways that the ease and simplicity of our current technological devices also lead us at times to surrogate our daily responsibilities onto these devices?
Do you agree with Seligman's position on the importance of Well-being? Do you agree that PERMA is what will make you happy?
Elasticity.....an important, powerful and, at times, challenging topic. Imagine this: you just won a contest and have been appointed the State Tax Commissioner (you might be asking: why did I enter? and is this a good thing to win?) Try to connect th..
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
q.simple inc. has one real asset valued at 300 million and one outstanding bond issue having a total face value of 100
q.suppose the market demand for apples is given by qd 1600-100p and there are two firms operating in it each with a
Create a scenario in which you allocate revenues and costs to each country to determine the lowest possible overall tax for each country. Provide support for your allocations.
Suppose that, instead, the market quantity demanded at a price of $1.33 is only 75,000. How many firms do you expect there to be in this industry.
If monopoly involves a deadweight loss to society so that consumers pay a higher price for the product and have less than an optimal amount of it available, why does our government give patents to some firms for products so that they can keep a monop..
What is the importance of an efficient forecasting demand for a product and its relationship with economic gain?
Suppose the marginal propensity to save (MPS) equals 0.30, an increase in autonomous investment of $100 will lead to an increase in real Gross Domestic Product (GDP) by
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