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Discuss the market structure facing dine-in restaurants in a city like, Darwin city, Australia. Suppose the government provides $10 discount vouchers to customers on every meal in a restaurant. What will be the impact of this on small businesses providing dine-in services?
Clearly show the impact of this scheme using diagrams
Why is the unrestricted entry of new firms to all markets necessary to assure the efficient allocation of resources in the long run?
A contractor is looking at purchasing a new piece of construction equipment. He can either buy it now or two years from now. The cost is $68,000 if purchased now. If purchased in two years, it will cost $81,000. Assume i = 10%/year and inflation f = ..
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
If the only pool cleaning service in town charges $50 per cleaning, he has 10 weekly customers and wants to add an 11th customer, and he needs to drop his price
Evaluate your company in terms of its ethical characteristics: what makes it a force for the good? How does it contribute to the well-being of its communities?
Suppose that a firm's production function is given by Q = K^0.33L^0.67, where MPK = 0.33K−0.67L^0.67 and MPL = 0.67K^0.33L−0.33. As L increases, what happens to the marginal product of labor? What happens to the marginal product of capital?
Explain an experience where you were in a negotiation situation. Your experience can be personal or professional.
Explain how, with trade, Nebraska can wind up with 40 million bushels of wheat and 120 bushels of corn while Iowa can wind up with 40 million bushels of corn and 120 million bushels of wheat.
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following
A perfectly competitive firm maximizes profits or minimizes losses in the short run by producing at the output level at which: Without a_________________________ of pricing , managers won't realize goals of firm.
Suppose profit-maximizing price taker firms all have identical Long Run Total Cost Curves: Tc= 25+ Q^2. What price will lead to zero profits?
A. If a zero-coupon bond with a face value of $1,000.00 payable in 1 year sells for $925, what is the interest rate?
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