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Question: Consider the market for fast food and discuss who owns Kentucky Fried Chicken, Pizza Hut, Taco Bell, and the Habit Burger Grill. There are about 53,000 chain restaurants in more than 155 countries. Explain and discuss the Market Structure regarding these restaurants. Do we have a monopoly, oligopoly, or perfect competition among these restaurants based on what we discussed in Module 8?
Assume the government imposes a fixed tax t per unit quantity on each firm. Explain the impact of this tax on following variables;
What are the two major tools of the Bank of Canada? Explain their meaning and impact on the economy in brief. How the Bank of Canada uses these tools in case
Suppose you were interested in increasing technological progress in your country. What are two ways that this can be accomplished?
a) Derive the IS and LM equations b) Calculate the equilibrium level of income (Y) and the interest rate (i).
Illustrate what does the law of increasing opportunity price say and what is its implications regarding steel and textile manufacturing.
A mathematically fair bet is one in which amount won will on average equal the amount bet,for example, when a gambler bets say, $100 for a 10% chance to win $1000
The economy will contract (shrink) if leakages exceed injections. Do you agree with this statement? Why or why not - Describe the relationship between unemployment and real and nominal wages. Which is more important and why? What effects would eithe..
During the period of the "Great Moderation" (the mid-1980's through the mid-2000's), discussion of the Keynesian expenditure multiplier had largely gone
Is Janice using marginal cost and marginal revenue correctly in her analysis? Explain the errors in her analysis, if any. [Hint: Think about Ted Radcliff's questions.]
How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale? Give a specific example of a policy or regulation that has helped economic activity.
Using active monetary and fiscal policy to promote economic growth/expansions and to reduce the duration and severity of recessions/contractions
However, after the cost of the acts, he still loses money on the weekends. What is his marginal revenue and marginal cost of a patron on weekends and how should he attempt to fix his unprofitability problem?
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