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Distinguish between comparative advantage and competitive advantage (may take some research on your part). Which is used by economists as a justification for international trade? Why?
In the model for airline seat pricing, we studied the case of non-refundable tickets. What if the airline offers refundable business class tickets. You can buy a business class ticket and return it for a full refund if you do not fly.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Intially Starbucks expanded internationally by licensing its format to foreign operators. Why it soon be came disenchanted with strategy.
If 150 million workers produced America's GDP in 2010, according to the "World View" above, how much output did the average worker produce?
By examining the t-statistics associated with the regression coefficients, at the 5 percent significance level, which of the two independent variables are statistically different from zero?
Explain how high must the deductible be to encourage low-risk behavior
Taking all taxes into account, what are your average and marginal tax rates? What happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000?
find three products advertised and sold over the internet with senior citizens discounts what are they, and how big are the discounts? Do the same products feature student discounts? If so, how large are they?
Estimate the owner's decision to start Sound Devices. Are any of the above costs likely to be one-time costs? If so, how would this affect your answers. Explain.
Using a market or industry as an example, explain how the Prisoners' Dilemma game helps explain observed (real-world) behavior among oligopolistic firms.
Agriculture and Agri-Food Canada implemented a farm savings plan called AgriInvest that would help farmers navigate ‘shallow losses’ (differences between revenues and expenses that are not extreme).
What will happen to GDP and employment? What do you think will be the impact on banks and other financial institutions? Do you agree with the bill?
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