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What do you believe are the opportunity costs of reducing expenditures compared to the option of raising prices?
The Wall Street Journal once reported on dating services, noting that the fees were $300 for men and $250 for women. The owner of the service said the difference in fees was to compensate for inequalities in pay scales for men and women
explain why government regulation is or is not needed citing the major reasons for government involvement in a market
1. the widget industry in anytown is a monopoly controlled by widget corp. its demand curve for the local market is
A price floor is set by the government to protect the producer of the good to which price floor has been attached. There're two possible outcomes for market in price floor setting.
1. what is the consumption function and how is it related to the marginal propensity to consume?2. what is the
How many carpets should the firm produce in order to maximize profit?
More precisely, buyer and seller play a game in which they report their valuation. The rules of the game are as follows: if the seller reports c' and the buyer reports v', the object is transferred from seller to buyer with probability
Banking and the Money Supply
suppose that due to whatever reason reserve demand changes and you forecast the reserve demand to now be rd 270 - 30
What is (are) the emerging structure(s) (not necessarily the final results) of increased economic interactions suggested by the interdependence, dependency and mercantilist perspectives
Let’s examine how the goals of the central bank influence its response to shocks. Suppose the European Central Bank (the ECB) cares only about keeping the price level stable and the US central bank (the Fed) cares only about keeping output at its nat..
Explain why managers should be concerned about the trust customers have in their brand or company and what they can do to build trust.
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