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Discuss the benefits of an online product catalog. Your write up should be a minimum of 2-3 page You may use additional data sources to supplement your assessment of the case study. Use APA standards in citing your data sources.
Consider a monopolist that vents an ozone reducing chemical into the atmosphere as a consequence of their production activities. Is this outcome efficient? Explain with the help of a diagram. Does the monopolsit have an incentive to reduce their poll..
Walt considers x and y to be perfect substitutes. They originally cost $10 and $9 respectively. His income is $720. One day the price of x drops to $8.
Indigenous Australians have the worst health of social groups in Australia. Describe two social determinants that contribute to a lower life expectancy for Indigenous Australians. Identify one condition that Indigenous Australians have a higher preva..
The marginal propensity to consume in an economy is 0.8. If the price level is fixed, a $400 increase in net exports would be expected to increase real GDP by how much?
Shadow pricing is an important concept in that it involves unknown or difficult to calculate costs. This creates a range in the pricing. For example, think about amortized costs versus actual costs. How would this affect shadow pricing?
In a small open economy with a flexible exchange rate, an expansionary fiscal policy will cause which of the following to happen?
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm’s equilibrium quantity is 50. EXPLAIN what happens in the short-run if custo..
What major arguments can you list to support the doctrine of free trade? Why is the WTO important in maintaining the doctrine of free trade? What values and principles has the GATT/WTO promoted to liberalize international trade?
Suppose you are a single mother with two children living in Oregon, which has (actually, it used to have, but let’s ignore that) a TANF maximum guaranteed benefit of $460 per month. If you work, you earn $5/hour. You have no non-labor income. Suppose..
Calculate the average cycle stock for this item using the order quantity in part a. c. Assuming there are 12 periods per year, calculate total cost per year.
Draw the profit-possibility frontier in the duopoly case when the firms have constant and equal marginal costs, decreasing marginal costs, and constant but unequal marginal costs.
Suppose that Clear Vision, Inc., a cable television carrier, has the demand, marginal revenue, total cost and marginal cost functions given below: where Q = the number of cable subscribers and P = the price of basic monthly cable service. If you are ..
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