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Game theory and the design of auctions
How can the concepts of game theory be applied to buying through ecommerce or a retail store? Can you show me an illustration.
Describe how the indicator was created and its current value. What does this key indicator say about the current economic condition.
Which nation has a comparative advantage in clothing and by what amount.
What is your marginal revenue and marginal cost functions? To maximize profits, how much should you produce at plant 1? At plant 2? What is the price that maximizes profits?
In the 1990s Japan reduced its exports of automobiles to the United States by 28 percent. If you were the manager of a US car dealership, explain how would this affect your pricing strategy.
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
Describe the functions also role of law in business and society.
Asssume that a monopolist must choose between two points in its demand curve: it can sell 100 units for $3 or it can sell 140 for $2. Which of the following is true.
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
Illustrate what factors have contributed to increased income inequality an economy along with an equitable income distribution may be efficient as well.
Explain why are prices generally higher for goods/services in London as opposed to Newcastle, or New York as opposed to San Fran.
Use the following data for a firm's output at various levels of employment to calculate: (a) its marginal physical product of labour (MPPL) schedule.
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