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What are the two most common reasons for a sovereign debt crisis?
Assume x and y are the only two goods a person consumes. If after a rise in Px the quantity demanded of y increases, one could say
In a trust game, player 1 is given $10. She can send any fraction of that money to player 2. Player 1 keeps the remainder. Whatever money is sent to player 2 is tripled in the process. When both players maximize their monetary payoff, what is the sub..
Suppose you are the economist of Didier Enterprises - a firm that manufactures ballistic missiles. Based on the estimates provided by a consultant, you know that the relevant demand and cost functions for the missiles are Q= 25 -.5P and MC = 2. What ..
There are three possible outcomes; in the outcome ai a decision-maker gains $ai, where a1
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Why organization chosen lower prices to increase revenue.
Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.3 million. What price should you charge for a midsized automo..
Protectionist measures are enacted because they:
Why does the government grant patents to companies that research new drugs?
Report on Relevance of Economics to Business - The business community, e.g. the UK's Confederation of British Industry or Federation of Small Businesses
Describe possible government programs that are available for individuals falling under the poverty leve.
Discuss what a manufacturer of each product might do in the short run to increase production. Illustrate how does the long run differ for these products.
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