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Q. Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability
Q. What would be the short run and long run effect on price, quantity and profits of firm within the industry of an increase in demand in an imperfectly competitive industry such as dealing in antiques
Study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visited Yellowstone Park, 40 percent visit the Tetons, and 35 percent visit both.
Illustrate what is price should Big Steel set to maximize its profits. Explain how much steel will Big Steel sell? How much will its competitors sell.
Illustrate for the 100 new homes will be within $10,000 of the population mean.
Households deposit $5,000 in currency into the bank that is added to reserves. Illustrate what level of excess reserves does the bank now have.
Describe the Schumpeterian notion of "creative destruction"
Compute the price of the machine, which will make purchasing or leasing to be equally costly.
Merk is a biotech division of Bayer Pharmaceuticals. In its eight years of existence, Merk has had only one drug make it into clinical trials.
Illustrate what is the book value at the end of the third year.
Illustrate why did official money lose its meaning in Germany during the 1920s. What did the German government do or not do.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
Suppose a firm pollutes a stream that has a recreational value only when pollution is below a certain level. If transaction costs are low.
The effectiveness of different kinds of incentive systems: moral, material, and coercive.
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