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Consider the dominant firm model and treat OPEC as the dominant firm. Elucidate how OPEC would determine the price of oil and the level of output produced by the cartel. How would OPEC's price and output be affected by new discoveries of oil that shift the supply curve of oil for non OPEC members to the right?
D&Z Dry Foods Distributions specializes in the whole distribution of dry goods, such as rice and dry beans. The firm's manager is concerned about an article he read in the morning's Wall Street Journal
In what ways do the offering MBA courses at other locations create producer and consumer borne value to both the university and the malls? What factors affect the ability of the university and malls to capture value?
As Burger King continue, expand, or reduce current operations in order to maximize profits. Explain your reasoning.
Illustrtae what is the current cost of a share of stock for a firm with $5 million in balance-sheet equity.
Elucidate the difference among the consumption of a free good and a good that is not free.
Explain how the below game should be set-up, played and solved a consumer decide.
Describe in breif its potentials and limitations for reducing poverty and spurring grassroots development in LDC.
Compute the income elasticity of demand for product below, by using average values for quantities and incomes.
Suppose a risk averse agent. Explain how many units of the contract will the agent buy if the price is q=k.
Explain how much should the store charge for an yearly membership in order to extract the entire consumer surplus via an optimal two-part pricing strategy.
All semester we have been tracking the economy to discern where it currently resides along the business cycle and where it seems to be headed over the next 6-9 months.
Explain why is strong home currency mitigate the growth of inflation rate locally
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