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1. Why are many online service markets likely to be perfectly competitive?
2. Recently, competitors of Plug and Play have been opening their own shared- workspace centers. Does the market for shared workspace likely possess characteristics of a perfectly competitive market? Explain.
Mrs. Siegal has two alternative activities to help relieve her backache. In the first, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel and waiting, is two hours. Mrs. Siegal earns a wage of $20 an hour. P..
There are two players 1 and 2. re are two cards: "High" and "Low". Player 1 chooses at random one card. Write a strategic form also find optimal strategy of player.
Elucidate how that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
austria has a history of strong hostility to nuclear power and over the last twenty years the austrians have shut down
If the company installs new equipment, FC rise to $2000 and AVC drops to $2.25, what is the break-even point and at what production level should the company switch from the old machine to the new?
What do you think will happen to the price of tablet computers? Please explain. Whom do you think will reap most of the benefits of any technological innovations in tablets in the next five years; buyers or sellers? Please explain.
during his first year at school, ximin buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. Is ximing better off, the same, or worse off after the price change.
At the beginning of your answer be sure to explain what a price floor is, explain why the government might impose a floor, and who it is intended to benefit.
Illustrate what will be real interest rate that clears goods market at G = 2000 and Y = 10,000. Conclude autonomous investment and marginal propensity to invest.
Steve believes that Monica has a 25% chance of be Illustrate what is Steve's expected utility from buying.
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