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Question: As a result of globalization and new information and communications technology, would you expect that the definitions of markets used by antitrust authorities will become broader or narrower?
A 100 KM toll way costs $5M per km to build. The bonds are for 20 years and pay 10 percent per year [(A/P, 10%,20) = 0.1175]. If annual maintenance costs are $1000 per km, and 20000 vehicles use the toll way every day, what toll needs to be charged t..
Senator Sanders is seeking to impose a $6 price floor in this market to discourage donut consumption. Analyze the effects of the proposal using a new graph that shows both the original equilibrium and the effects of the price floor. In your analys..
1.in the 1900s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
consider the following cobb-douglas production function for the bus transportation system in a particular cityq alb1
Suppose the hourly wage is $10 and the price of each unit of capital is $25. The price of output is constant at $50 per unit. The production function is f(E,K)=E^1/2 K^1/4. How much labor and capital should the firm employ in the long run? How..
briefly explain whether you agree with the following statementsa. a bank that expects interest rates to increase in
Suppose seven identical items are auctioned one by one. What complication does this present for bidders? Which items, the first or the last, would you expect to sell for the lowest prices on average?
When we look at the issue of the ability of markets to function (hopefully well) what are some of the issues that factor into the fluctuation of markets, both on a domestic and global level? How does this affect us on a daily basis?
What does this change show about how our understanding of the way the price system works to allocate resources has evolved? If "excess profits" are taxed away, where will oil companies get the money to fund new exploration and ..
Illustrate graphically and explain. In all of the parts, we can assume that the rate of saving is less than the golden rule level of saving, so that a reduction in steady-state output per worker leads to a reduction in steady-state consumption per..
How might supply and demand for fuel be affected by fuel prices that are set by the Department of Energy instead of by a free market? Will the amounts of fuel demanded by consumers be met by the quantities supplied by a regulated market?
Summarize, explain, and evaluate the main points of the reading in a minimum of 3 paragraphs. Do not simply cut and paste from the reading, but summarize the main points in your own words.
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