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Suppose that the (national domestic) four-firm concentration ratio of Industry X is much higher today than it was 50 years ago. Explain why Industry X may be more competitive today. Consider transportation cost, advertising cost, and imports in your answer.
Suppose in Belgium the opportunity cost of producing a trombone is 8 clarinets. In Denmark the opportunity cost of producing a trombone is 6 clarinets. What is the opportunity cost of producing a clarinet for Denmark?
How it may be possible for increases in the minimum wage to have little impact on employment levels. Please explain using the following concepts: long-run versus short-run; b
Evaluate this statement: profit-maximizing firms lack an incentive to provide job safety, and consequently, the federal government must intervene legislatively to protect workers against unsafe working conditions that will surely result.
A tax system achieves equity when:
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
The three basic questions of Economics are: "What to produce?"; "How to produce?" and "For whom to produce?" What are the corresponding underlying assumptions? Say how the assumptions combine to determine demand and supply and how demand and supply c..
64.q1. in relation to itunes music store further variable pricing elucidate what are some other potential pricing
Employees bear the cost and earn the returns on investments in general training and employers bear the cost and earn the return on specific training. Is this statement true, false, or uncertain? Give an economic justification for your answer.
q1. suppose bob considers borrowing 100 from sheila at a 10 percent interest rate. they both think that a 4 percent
Draw your budget constraint assuming that you pay no taxes (and receive no subsidies) on your income. On the same diagram, draw another budget constraint assuming that you receive a 20 percent subsidy (that is, for every dollar you receive in labor m..
A tractor for over-the-road hauling is purchased for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Calculate the depreciation deduction and the unrecovered investment during each year of ..
Let's say there is a company that benefits from the protection of state and local governmental agencies. And that company funds its budgets through proper taxes. The product that the company create is one that every person, from 5 to 18 years old, wh..
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