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Please post an article about why the oil prices decreased in the last couple of years. You should write a short paragraph explaining what you found interesting in the article using tools from microeconomics such as supply, demand, elasticity, oligopoly, coalitions, cartels, game theory, etc.
Define and discuss the importance of the time value of money concepts including compounding (future value), discounting (present value), and annuities. Why do organization leaders need to understand these concepts?
Which of the following situations is one in which the Fed will potentially pursue expansionary monetary policy?
Nuclear safety devices installed several years ago have been depreciated from a ?rst cost of $200,000 to zero using MACRS. The devices can be sold on the used equipment market for an estimated $15,000. Use a 5-year study period, an effective tax rate..
You are the manager of a monopoly, and your demand and cost functions are given by P = 200 – 2Q and C(Q) = 2,000 + 3Q2, respectively. What price–quantity combination maximizes your firm’s profits? Is demand elastic, inelastic, or unit elastic at the ..
When you buy a set of speakers, Best Buy asks if you would like to purchase insurance for your speakers. Assume that paying for new speakers for customers who listen to music at a reasonable level (thus minimizing damage) costs on average $150, and p..
What price should the leader charge to drive all the small firms out of the market? Write the marginal revenue function of the dominant firm.
A nightclub manager realizes that demand for drinks is more elastic among students, and is trying to determine the optimal pricing schedule. If the nightclub can set a separate cover charge and price per drink for each group, what two-part pricing sc..
Keynesian economists think that _________the key determinant of consumption and spending. Classical economists think that the higher the_______ , the more people will save, which means that they will consume less. A person's _______about how much inc..
Which one is more effective comparing with the tools of fiscal policy?
the mining industry has been a major driver of economic growth in australia in the recent decade and currently accounts
HoosierMaker expects to garner revenue of $9.5 million each year and spend $1.3 million a year in costs, over the next 7 years. What is the future worth of this investment if the companies' rate of return is 16% per year?
Suppose taxes are measured in cents as in the first case, but consumption is measured as gallons consumed every month.
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