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Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence of tit-for-tat pricing?
Illustrate what is the minimum price neccessary for this firm to produce any output in the short run.
A consumer with convex indifference curves moves along her budget line, closer and closer to the horizontal axis. As she is moving
Assuming that the MPS is 0.2, government spending is RM15 billion and there is no crowding out. a.) Assuming that MPS increases to 0.3 how much the government should increase expenditure to increase the aggregate demand by RM40 billion?
A company deposits $2000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If the bank pays 8% interest, how much would be in the account at the end of 15 years?
q1. throughout 2nd world war u.s. prisoners of war utilized cigarettes as a form of money. cigarettes were used to
Which of the following best characterizes changes in the U.S. long-run aggregate supply curve during the past 50 years (taking into account that the economy has acquired better technology)?
Which of the followings is not true when a firm acts as a price taker. Tom decided to spend $100 on CD and cassette tapes. The price of CD is $10, and the price of cassette tape is $5. Which of the followings is true? Which of the followings is not t..
q.a major producer of consumer goods set out to forecast the price of fresh salmon three years ahead. such a forecast
During World War II there was a freeze on wages, and corporations found they could evade the freeze by providing other fringe benefits such as retirement funds and health insurance for their employees. The Internal Revenue Service went along with thi..
The demand function for a firm’s product is Q = P^(-3). The firm’s marginal cost of production is constant at MC(Q) = 12. Calculate the elasticity of demand, as a function of Q.
he previous manager used a transactional leadership approach, which has been relatively ineffective. Evaluate one leadership style and describe which you would take. An experienced executive assistant discovered that she made the same amount of money..
Economic data is a very broad concept. It can include discrete preference relation data-sets as well as extensive time series data. But it is important that theories are tested against data, and the earlier this happens in the development of an econo..
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