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If a corporation operates in a highly competitive industry and competes against many other companies. In the last some years, many new companies have entered the industry and firm now earns a return on investment very close to prevailing interest rate. The four-firm concentration rate and the Herfindahl-Hirschman index are both low, but the Rothschild index is well above zero. What market structure best characterizes the described industry?
A firm operating a chain of drug stores consider to open a new store in one of locations. The management of firm figures that at the 1st location the store will show an yearly profit of $20,000 if it is successful and an yearly loss of $2,000 if it i..
The local operations manager for IRS must decide whether to employee 1, 2, or 3 temporary employees. He determine that net revenues will vary with how well taxpayers comply with new tax code.
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
Discuss forecasting and explain why is it so important in the management of business firms and other enterprises also determine the different types of forecasting?
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Design a simple econometric research project
The United States was devastated through the Crash of 1929 and the following depression. What policies were enacted during the New Deal contain finance speculation and turbulence?
You are attending the yearly shareholder's meeting of PIC firm. A fellow stockholder points out that manager of PIC received $100,000 last year, while the manager of a rival company, CUP Enterprises, earned only $50,000.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Determine the effect of mandated health insurance profits be on the labor if the employees do not place any value on the benefits? What if they do place value on the profits?
Explain how the Federal Reserve policy makers effect interest rates. Describe the difference between expansionary and contractionary rules.
The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?
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