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1) What is a specific, "real-life", example of a seller in the United States that meets the definition of a "competitive price searcher" as this term in defined ? Your answer specifically identify the differentiated product (I am looking for a brand name ) that is sold by the firm you are describing (by name).
2) Please let me know demonstrate your own understanding of the characteristics of a competitive price searcher (vs. a price taker) in the Product Market
The following equations apply to an economy: C=400+.9(Y-T) I=250-50r (M/P)d=Y-300r You also know that government spending and taxes are 500 and the nominal money supply is 4000. The price level is 2. Make sure you simplify your equations. What are th..
How does global marketing and the use of new digital marketing techniques facilitate marketing activities at the Olympics in Rio?
Since the movie, Avatar, 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies.
Write expressions for total revenue and marginal revenue as a function of the number of tickets sold and compute the profit-maximizing quantity of tickets.
Consider the model of land assembly (under the topic Eminent Domain). Specifically, assume that a buyer want to buy two contiguous properties owned by two different owners. You can assume that the properties are identical in all respects. There two p..
The author of the news article titled "Econ Disecon Scale Schools" in the News folder notes that for years school districts have been consolidated to form fewer, bigger districts because people thought bigger districts would enable the production of ..
Find the equity (levered) beta for GM's new project. Assume debt beta of zero and GM only uses debt and equity financing
What are the price-quantity effects of this tariff on domestic consumers, domestic producers and foreign exporters. Explain how would the effect of a quota that creates the same amount of imports differ.
If there was an economic drop of 5%, how a short and long run firm supply and demand would be affected and what is the decision a CEO must take. In your response, please consider the PPF curve, opportunity cost, perfect competition, and social welfar..
In the long run for a monopolistically competitive firm:
Explain why, even though free trade may be good for the economy, we still have trade barriers (tariffs, quotas, regulations, subsidies, etc.) Relate your answer to the Stolper-Samuelson theory and the concept of “specific factors.”
You work for Segway, in the sales division of the Drift W1 (which are basically motorized roller skates). You've traveled into the future
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