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Retailers such as Neiman Marcus and REI have generous return policies. Other retailers provide price-match guarantees so if the consumer finds a lower price at another retailer, the lower price will be matched.
Explain why some consumers are attracted to these retailers and why some consumers are not.
Speculate what might happen to supply and demand if a significant number of retailers decided to implement the price-match guarantee.
Determine how much, if any, the Internet has managed consumer uncertainty and risk.
Suppose the marginal utility of good a is 4 times that of good b but the price of good a is 2 times that of good b, is this point consumer equilibrium?.
Assume that you are an advisor to the United States section of Justice, the agency with responsibilities that include, among others, the power to approve or disapprove proposed business mergers in the U.S.
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What are the advantages and disadvantages of free trade From an economic point of view, is free trade better than limited or no trade? Have you benefited from free trade How How is the economy impacted by trade
Does an increase in the average annual labour income imply that the individual worker's labour income has increased and
What is the nominal exchange rate in 2013? What is the expected nominal exchange rate for next year? Which currency will appreciate? What is the real exchange rate in 2013? What is the economic meaning of the real exchange rate?
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if Q = 60 − (1/2)P, and MC = 60, which means that MR = 60 how do you work out the price, which then allows you to work out the Q
An rise in the marginal propensity to will reduce the size of expenditure multiplier and therefore the IS-curve will shift to the
spreadsheet 2. an individual is considering two investment projects. project a will return a zero profit if conditions
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