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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?
Assume you run a pizza store and currently have two workers. If you hire a third worker, your output of pizzas per day rises from 55 to 65.
For each of following cost-output relationships, explain the shape (U-shape, decreasing, increasing, constant) of the average total cost and marginal cost functions
Firm A currently monopolizes its market and earns profits of $10M.Firm B is a potential entrant that is thinking about entering the market.If B does not enter the market,
Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 1150. The overall impact of this resettling of the fiscal variables is ________ because ________.
you are in charge of setting the optimal price for tickets for a local hockey team. nbspthe demand schedule for
Gamma corporation one of the firms which retains you as the financial analyst is considering buying out Beta Corporation. Discuss how these data provide evidence of inefficiency. How could the new manager of Beta Corporation improve efficiency?
One of United's biggest customer has placed a very large, heavy order. Its warehouse is in a location served by all transport modes, and the customer has directed United to ship the order by the mode with the lowest transport costs. In this situat..
Describe what is meant by the Gold Standard and what were the problems with the gold standard?
Explain the process of mind mapping. Mind mapping begins with a project name. Develop a “project name” and potential deliverables to go along with the core “project.” Report the project name and the potential deliverables.
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
Ethanol blended with gasoline can be utilized to power a flex fueled car. One particular blend that is gaining in popularity is E 85, which is 85 percent ethanol and 15 percent gasoline. E 85 is 80 percent cleaner burning than gasoline alone, and it ..
Discuss short and long run expenses. For the short run discuss the relationship in cost and production theory and the idea of diminishing returns.
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