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Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?
Suppose there was a Bertrand duopoly. Each firm produces the product at constant average (and marginal) cost $10, and the demand for the product is given by Q = 5000? 100P
Consider the head of a company that makes apparel and equipment for outdoor enthusiasts must decide what to do about increased counterfeiting of the firm's products.
What key economic concepts underlie the employ of discount coupons by businesses?
Someone claim that immigration must always be good for economy because the raised supply of labor will result in a higher GDP. Estimate this statement.
when the price of a good is 5 the quantity demanded is 100 units per month when the price is 7 the quantity demanded is
What is the unemployment rate Will a high unemployment rate cause deflation What is the current structure of the labor market How does the current structure affect the threat of cost push inflation or deflation
One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move.
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. The market value of the building is $100,000. She pays $30,000 per year for flowers and other supplies
be sure to explain what you are doing and show your work in the numerical problems and provide a brief but complete
the supply and demand for one product can affect the supply and demand for substitute items. explain and give examples.
Physicians may abuse their role as medical advisors to advance their own economic self-interests due to an asymmetry of information between patients and physicians.
Other things equal, increasing home prices tend to:
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