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Court rulings on anti-trust cases tend to follow one of two principles, the rule of reason or the per se rule. Which of these two principles do you believe should guide courts in ruling on an anti-trust case
When the price of wheat rises from $2.34 to $2.46, some farmers switch crops, and the amount of barley offered on the market falls from 101 million bushels to 99 million. What is the cross elasticity of supply? When the wage rate rose from $6.25 per ..
Projected sales revenue is $1770000 ($6.00 per unit) and target costs are $1563500. What is the desired profit per unit?
A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total costs are C(Q) = 50 + 12Q + 2Q2. How much output should the firm produce in the short run? What price should the firm charge..
Think of the company that sells the product or service you identified in DQ #2 during Week One. Explain how and why the company would use the concepts of average productivity and marginal productivity
Examine the key factors affecting the demand for and the supply of a good or service
Suppose that there is only one firm which produces a certain good and that there are two different types of people A and B. People A and people B values.
A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currencies the natives use are not U.S. dollars; they use a currency called a..
Over the last year your boss has noticed that it would be useful for your firm to understand how consumers behave when variables in the market change and how these changes affect the total revenue for your product. You have been asked to do an analys..
Also, discuss as we moved from barter to the gold standard to the current fiat money system, how does the impact of inflation also change with time?
How to connect computers together without risking your organization's information to loss, alteration, or disclosure.
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
Discuss the social and economic effects of colonization? How did it contribute the “Price revolution”?
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