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a. Contrast prices in a market characterized by oligopoly vs. perfect competition and explain the difference.
b. Draw the locus of possible insurance contracts in the oligopolistic market and the perfectly competitive market for health care. Draw this in the "Cost per Unit of Insurance" vs "Fullness of Insurance" space.
c. What happens to cost, coverage, and utility when oligopolies are broken into competitive markets? Illustrate these changes with arrows indicating the amount and direction of change on the same diagram.
Choco deliete is a manufacturer of fine chocolates. Its monthly rental expense is $1,000,000. It also has $2 million in fixed labor costs. its marginal costs are $.70 per chocolate bar. If sales fall by 30 percent from 2 million chocolate bars per mo..
Explain what a slope of .5 would mean if you were measuring the relationship between consumer spending and income, where the dependent variable is consumer spending and the independent variable is income?
If lenders expect a higher rate of inflation, then
Demand represents the buyers' side of the business transaction. How well do you understand the difference between change in quantity demanded and shift in deman
Suppose that in the short run capital is fixed and labor is variable. What happens to the firm’s average cost, average variable cost, and marginal cost when the following changes occur?
What did you find? How could those resources be used in a classroom? Give concrete examples.
Studying the cultural differences between countries can help a company be more successful doing business internationally. What are the cultural dimensions that vary by country? What is cultural intelligence?
Has the rate of the pendulum swing increased or decreased? What role have MNEs played in the costs and benefits associated with globalization?
Between Medicare and Medicaid, which program is doing a better job at balancing costs, quality, and access to medical care and why?
Suppose that in elections President Push wanted to help out Congressional candidates in his party by making the economy look strong: high GDP figures and low inflation. Discuss the short-run and long run implications of the president’s fiscal policy ..
Bob's Underground, a limited liability corporation specializing in new rap artists (B.U. LLC, rap) has the following demand function:
At what quantity of output does marginal cost equal average total cost and average variable cost?
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