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Mexican Peso crisis and the Russion Ruble crisis
How did the Mexican peso crisis differ from the Russian ruble crisis? What was the role of the IMF in these two currency crises?
A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95.
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 2 million households is Q4 = 1,000 P and Enrodes can produce electricity at a constant marginal cost of $2 per megawatt hour.
Explain how much should Jet Blue charge for a Business Class ticket.
If it is good for comunity for people to own their own homes, home ownership should be subsidised with special tax advantages or subsidies.
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
Utilizing free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe.
Should the company invest in new plants, equipment, or technologies. Should the firm consider a merger with another company. Explain your reasoning.
Suppose the price elasticity coefficient anticipation of the Christmas season. Estimated 4th quarter sales volume will be.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Allan Sports sells snowmobiles in a Northern Suburb of the Twin Cities. For the third year in a row sales have been dismal.
Describe the economic implications for the United States of the rise of China and India as significant economic powers.
Suppose that in response to learning that some sick individuals were denied health insurance, the government mandates that insurance companies must offer insurance to everyone at unregulated rates.
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