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The future possibility of doctors examining X-rays and performing other responsibilities from remote locations through the Internet. How will this change affect international business? What other industries might be affected by similar technological advancements? Is this type of change entirely beneficial, or do you believe there will be negative attributes?
As a result of increased tensions in the Middle East, oil production is down by 1.2 million barrels per day-a 5 percent reduction in the world's supply of crude oil.
How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units.
What is the shutdown point? Give an example. How is the short-run defined in the production process? Please provide references if applicable.
Suppose that the banking system is in reserve equilibrium. The Fed conducts an open market buy of Treasury securities in the value of $1 billion.
Compute output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level. Compute these values at the profit-maximizing activity level.
Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.
Assume that the following table describes prices, incomes, and per person lobster consumption in three United States cities.
In the absence of a quota, what is the equation for the total supply of wine? Show your work - what are the equilibrium price and quantity of wine? Show your work.
Apply the substitution and income effects to the purchase of meat given the lower price. How is this related to the law of demand? Hint: use chicken as a substitute good in your discussion.
How foreign direct investment influences the wages
Illustrate out the term game theory? describe it with the situation in which game theory is applicable, along with any description of the two rival's strategies.
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