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Partly as a result of counterfeiting, the music industry eventually moved to subscription and streaming services. In general, the price for songs today is cheaper than it was in the past. Assuming that demand and supply conditions have not changed, does the fact that the music industry was able to lower its prices imply it is a competitive or non-competitive market? Illustrate with the help of appropriate figures. Assume the market is in its long-run equilibrium.
A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.
According to the quantity theory, money in the long run affects: If the Fed increased the supply of money, and velocity remains unchanged, according to the quantity equation: The velocity of money is: The quantity theory of money states that: In a co..
q1. price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
Suppose the Stimulus package (The American Recovery and Reinvestment ACT of 2009) for $787 was allocated for spending in all 3 components of the AE model of Keynesian Macro model (RGDP = C+I+G); where they spent the bulk of it in G (government expens..
Unions tie the hands of management and inhibit efficient decision making. Unions contribute to economic efficiency in that union wage pressure hastens the weeding out of the high-cost, least efficient producers in each industry.
Why is a vending machine, which requires payment for each snack purchased, used to sell snacks, while a newspaper can be sold out of a box that allows anyone to take more than one paper?
All customers pay the same ticket price. The marginal cost of serving a customer is $14.
What are some budget benefits that might come from both emergent threat priority and Salary and operating increases and decreases?
There are three ice cream vendors who are deciding where to locate on a beach. The only decision that they have to make is where to locate the store that they have to run. There are 10 positions available on the beach and costumers are uniformly dist..
1. What is modulation? Please describe how it works. 2. What are the examples of Digital Signal Encoding Formats?
Suppose the original demand for labor equation is given by W=12-0.5L and the original labor supply equation is given by W=L. Suppose that health insurance costs $2 per worker. Please write down the new equations for the demand and supply graphs once ..
Elucidate how the equilibrium quantity for the representative firm on the same graph.
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