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the technology is now developing so that road use can be priced by computer. A computer in the surface of the road picks up a signal from your can and automatically charges you for the use of the road. How would this affect bottlenecks and rush-hour traffic?
Does the production technology exhibit increasing/decreasing/constant returns to scale.
What is the resulting deadweight loss relative to the competitive outcome. Compute the Lerner Index for the monopoly described in the question above.
What technology available to produce your product suddenly improves. You should note whether the scenario indicates a shift of the curve or movement along the curve. You are a supplier of widgets.
Why is the average viewer of TV news or the average reader of a newspaper interested in the fluctuations in prices in the stock marketplace.
For out Back Steakhouse, seating capacity is limited in the short run.
Find out the Nash equilibrium prices of the procedures at the hospitals. Do the merger result in price increases.
Illustrate the way in which market forces shape the organizational responses using a range of examples.
Explain when a researcher is trying to estimate the causal effect of X on Y, and finds that the R^2 of her bivariate regression model is around 0.04.
Assume the Bills have the chance to offer a season ticket that is good for all eight home games, a partial season ticket that is good.
Explain how much does the customer pay. Explain how much does the government receive as tax revenue.
You are the manager of a firm which produces also markets generic type of soft drink in a competitive market.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
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