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Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
1. Is this company operating in a perfectly competitive market? Why or why not?
2. If the owner of the company asked you to assess whether or not they were using the optimal amount of an input (given a set price for that input), what economic criterion would you use in your analysis?
3. If you were asked to assess the economic profitability of this company, what economic tools would you use in your analysis?
4. What is the hypothesized elasticity of demand for one product/service that is produced by the company (or a product/company you are familiar with)? Given this hypothesized elasticity of demand, how should the company price their product in this market if the goal is to increase total revenues? Give justification for your answer.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
All economics textbooks give examples that show diminishing marginal utility as consumption rises-However, it could be argued that a rational buyer should never experience negative marginal utility. Why?
What is the level of price, output, and amount of profit for an unregulated monopolist? Analyze the effect of regulation on the allocation of resources. Which situation is most efficient? Which situation is most likely to be chosen by government? ..
Assume you own a home re-modelling company. You are currently earning short-run profits. The home re-modelling industry is an increasing-cost industry.
Which of these would cause the demand curve for bison (American buffalo)
Article may originate from the internet however please provide the link to the particular article you are reviewing.
Define and describe the difference between the absolute advantage and the comparative advantage.
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
Write down the relationship between savings, capital formation, and consumption.
If the desired fiscal stimulus is $20 billion and the desired AD increase is $50 billion, we can conclude that the MPC is:
Your company is considering expanding overseas. It is particulary interested in developing markets, and narrowed its choice down to two countries, A and B.
Jermaine has a health insurance policy that has a deductible of $1,000, a $10 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments.
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