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As consumers we loke competition because it lowers prices and increases supply.
Many products and services we use started out with limited choices and high prices.
Then for various reasons more competitors entered the market and our choices increased and prices fell.
What is an example you can think of where more competition has brought you more choice and lower prices? Is it always good? Is there a downside to it?
Discuss the case in three different cultural settings (USA, Asia, and the Middle East) considering three different minority groups (Blacks, Disabled Persons, and Women), and incorporate local cultural and traditional values, and compare likely behavi..
Fixed costs of production in the short run: Marginal cost can be defined as the: Which of the following is true under conditions of pure competition?
Assuming that the income effect is negligible, how much will he be hurt if the cost of strawberries goes from $1 a pint to $2 a pint.
Suppose that the required reserve ratio for checking deposits us 10% and that banks do not hold any access reserves. If the Fed sells $1 million of government bonds, what is the effect on the economy’s money supply?
q1. why does a profit-maximizing firm hire workers up to the point where the wage equals the value of marginal product?
Your corporation has a marginal tax rate of 40% 70% of dividends received our excludable from Texas the corporations before text David in yield is 15% what is the corporations after-tax dividend yield
What are the two most commonly used/analyzed financial statements? Explain what each of these are, what info they contain, and why they are significant in evaluating the overall "health" of a company.
Suppose that the residents of Veggie land spend all of their income on cauliflower, broccoli, and carrots. In 1998 they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 1999 they buy 75 heads of cauli..
With some services, e.g., checking accounts, phone service, or pay TV, consumers choose between two or more payment plans. One can either pay a high entry fee and get a low price per unit of the service or pay a low entry fee and a high price per uni..
A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and $500 in investment income. Another worker earns $48,000 in employment income and $2,000 in investment income. calculate the cost of the insurance as a s..
Describe the rule of capture including the seminal case in which it was first articulated? In the context of trapping foxes from which this case arose, does the rule of capture make sense? What are economic arguments against the rule of capture?
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
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