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The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn prices. This is an example of a
A) price floor.
B) price control.
C) sticky price.
D) macroeconomic price.
Explain how they are similar and how they are different and describe your experience with these types of power.
Discuss the types of situations where you would expect to see non-constant variance in the data. Provide examples to support your response.describe a specific instance where heteroscedasticity would be a problem and the remedial measures that could b..
As markets for some products and services experience greater global competition, what is the likely consequence for the incidence of price discrimination? Do you think global competition fosters or impedes price discrimination?
Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use
The following is the production possibilities for a firm. At 0 labor units (strangely enough), there are 0 units produced. At 1 labor unit, there are 10,000 units produced, at 2 labor units, there are 25,000 units produced, at 3 there are 45,000, ..
Sell bike theft insurance. If bicycle owners do not know whether they are high or low risk consumers, is there an adverse selection problem
Demonstrate that in the multiproduct-firm case, equating the Lerner indexes for all products is equivalent to setting the prices proportional to their marginal costs. Explain why the Allais rule is inefficient.
Effect on Equilibrium of a Good or Service and Effect on Economic Indicators - The one event that you'll pick must affect the equilibrium of a good or service within Canada in some way.
Describe the meaning of average cost. You normally buy a crate of wine for $75. One crate has 6 bottles of wine. After a month, the store clerk informs you that the same crate of wine now costs $82.
Assume also that if one firm were to cut their price, then the industry profit would fall to $80 million and the firm that cut the price would take 75% of the market. Finally, if both firms cut there price the industry profit would fall to $50 mil..
a shock to a firms intrinsic value the share price will slowly but surely approach that new intrinsic value. is this
Managerial decisions are affected primarily by microeconomic forces. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces.
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