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1. Discuss the short-term and long-term effects in a perfectly competitive market if an existing firm is making profits and, also, if a firm is making losses. Use appropriate graphs to illustrate your explanations.
2. Discuss the short-term and long-term effects in a monopolistically competitive market when an existing firm is making profits and, also, when an existing firm is making losses (6%). Use appropriate graphs to illustrate your explanations.
3. What do economists mean by the concepts of product differentiation and non-price competition?
Suppose that this small open economy imposes a tariff of $2 on the good. What is the deadweight loss associated with this tariff
A productivity boom: Suppose the economy exhibits a large, unexpected increase in productivity growth that lasts for a decade.
List 2 examples of service offshoring in practice in Manufacturing and in another industry. Evaluate the appropriateness of offshoring this service
Each instance which follows is an example of one of four types of market failure (imperfect market structure; the existence of public goods; the presence of external costs and benefits; and imperfect information).
At what prices is the demand for the firm’s product price elastic? If the firm wants to maximize its dollar sales volume, what price must it charge?
In general taxes are not favoured by economists. Give the rationale for this and use demand supply graphs to substantiate your answer.
Discuss what evidence/theory from Chapter 11 you are using to support this prediction.
If all customers are like AWC Ltd., what is the impact of the flat-rate plan on consumer welfare and the company's profits? Explain
Intel built a microprocessor chip factory at their site in Malaysia in 2012. spending $500,000,000 for it. They are expanding their business.
Describe solutions to the possible pitfalls for the strategy. For each operation (India and China), evaluate GEH's human resource strategy.
if the demand curve for wheat in the united states is p12.4 - qd where is the p is the farm price of wheat in dollars
Analyze the impact of your Module Price on market share and total profits. You are also required to determine how process improvements reduce unit costs over time.
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