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Discuss a scenario where price fixing is beneficial to all parties involved - including consumers. Provide specific examples to support your response.
Examine the models of oligopoly and create at least one recommendation for improvement. Describe your rationale.
Are brand extensions an important brand-growth strategy or can they endanger brands? Perhaps start with a definition of brand extensions?
What is the initial effect of the tax reduction on aggregate demand? What additional effects follow this initial effect? What is the total effect of the tax cut on aggregate demand?
A firm has a cost function given by the following: Find the firm's production function, y= f(x1, x2).
What does the market for sugary sodas look like? Provide a supply-demand graph with realistic prices.
Sketch a production possibilities curve (not a straight line), with consumer goods on the horizontal axis and capital goods on the vertical axis.
Does it make sense to hold sleep, work, and leisure fixed while changing study? Why or why not? Explain why this model violates the assumption of no perfect collinearity.
What are equations for IS and LM curves? What is equilibrium level of income and interest rate? What if mix of fiscal and monetary policies is changed. Te money supply is increased by 100 while government spending reduced by 250:
Management at the Johnston Corporation estimates a demand function for its lawnmower line to be:Explain the coefficients of each explanatory variable.
How would government react to sudden, large changes in the price of a key commodity, such as gasoline, electricity, or prices on stocks on the New York Stock Exchange?
Give a brief summary of economic costs. In the short-run, why might a firm still operate even when there is a loss.
Calculate the net present value and benefit-cost ratio for four different discount rates
Lawn mowing services are supplied by host of individuals in suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
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