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Assignment:
Your answer to the homework has to be more than five sentences for each question based on researched facts and logical analysis.
Q 1) What is the price leadership model of Oligopoly pricing and what are its tactics?
Q 2)" In monopolistically competitive markets, neither allocative nor productive efficiency is realized" explain.
Q 3) Do you agree that companies under monopolistic competition can have a profit in the long run? If yes, why? if no, why not?
Q 4) Contrast and discuss the individual demand curve and marginal revenue curve among perfect competition, monopolistic competition and Monopoly.
Q 5) "in Kinked Demand curve theory" , if a company increases its price, how do its competitors react to it? If a company cut its price, how do its competitors react to it? Can you explain the shape of Kinked Demand curve?
What are the sources of human capital? What are sources of labor productivity? Discuss some specific examples.
Nike's managers were considering expanding into producing sports beverages. Why might the company decide to do this under the Nike brand name
There are many types of 'large scale' economic shocks. Some of these may be discussed during the course of this class while others will note.
the residents of the town ectenia all love economics and the mayor proposes building an economics museum. the museum
Define the types of price discrimination and explain why 1st degree discrimination is very difficult to practice. Provide 1 example where a form of 1st degree discrimination is practiced - Your marginal cost is constant at $75 across most of your p..
"If millions of people are desperate to buy and millions more desperate to sell, the trades will happen, whether we like it or not."
How do you formulate a new living wage policy for a country and what factors do you need to take into account when creating it?
As a cost analyst at your firm, you are asked to evaluate the marginal cost of producing the pipeline per 1,000-mile stretch as well as the average total cost.
Whatis the efficient markets hypothesis? What are the most importantcharacteristics of markets that are necessary for them to be efficient?Howdo stock prices behave if stock markets are efficient and if investors do notcare about risk?
Do you believe in the idea that governments should run surpluses in good years only to spend their way out of a recession in bad years Why do we often see government revenues and spending change when we are in a recession. Why or why not
What was the central point that Bastiat was trying to make in his imaginary petition of the candle makers? Do you agree with Bastiat? Why or why not?
The question is about a newspaper article which is talking about the opportunities in store for Asian export oriented economies such as Malaysia, Singapore, Indonesia, China and Thailand.
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