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1. Apartments in New York City are subject to rent control. Apartment owners there often require tenants to purchase their furniture from them. Why?
2. In the long run, a firm could always produce twice as much simply by doubling the amount of every input employed. So in the long run there must be constant returns to scale." Evaluate.
3.In a competitive industry, for any firm there may be internal economies of scale over a certain range. But each firm must operate in the region where internal diseconomies of scale dominate." True or false? Explain.
4 .Under what circumstances would you expect a rise in demand for an industry's product to be met primarily by a short-run output response by existing firms? By a long-run response by existing firms? By entry of new firms?
Why is aggregate demand curve downward sloping? (Interest-rate effect, foreign purchases effect and real-balances effect be able to explain logic behind each of these) What are the determinants (shifters) of AD curve. Be able to determine the equilib..
Can the practice of price discrimination be considered universally fair or universally unfair? Use the provided literature and video materials (or other resources) to defend your position. Explain how you define “fairness” in the context the interact..
Which of the following is true about perfect competition?
Why is the "power of the purse" an important component of political power? Which of the following was NOT considered a weakness of the Articles of Confederation? Which of the following concepts is most closely associated with John Locke? The U.S. Con..
Perform quick independent research on organizational structure in your industry sector. Describe the background of your organization, including the purpose, organizational structure, the network system description, and a diagram of the organizatio..
Carbon Tax/Emission Trading scheme – Compare Australia with one of these countries or group of countries like Europe,USA and China/India and discuss the similarities or differences in ETS and its affect on the economy
For the production of the type Q = 2K + L with wage rate w = $1 and price of capital (rental rate) v = 1, the expansion path is K axis. Do you agree? If any firm experiences increasing returns to scale in a perfectly competitive industry then the ind..
The market for LED desk lamps is perfectly competitive, with market supply given by Q = 25P – 900 and market demand given by Q = 850 – 10P. Find the equilibrium price and quantity in this market. Calculate the consumer surplus, producer surplus, and ..
It is highly recommended that you review the Seminar presentation located in the Seminar area before beginning the Discussion.
6000 bottles of water are sold when the price is $3 per bottle. when the prices is $4 per bottle, 5500 are sold. find the linear price equation where the price is p(x) and x represents bottles of water. set up table of (x,y) values showing your work...
Consider a consumer with a medical bill of $1,000. He has a $250 deductible and a 10 percent coinsurance rate on all expenses over $250. His "out-of-pocket".
Explain the basis of one of the Leading Economic Indicators. What local indicators of improved economic conditions might one see in his or her local community, town or city?
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