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Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's. What type of market structure is the auto industry? Has consumer surplus been affected in any way due to the changes in the auto industry structure, and if so, how?
Illustrate what do you see are the economic pros and cons of the North America countries including Canada and Mexico get from adopting a common currency.
Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic. Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2.
(a) What is mean by that Explain "strategic behavior" and relate that to the "Kinked Demand" model of oligopoly. (b) Explain the importance of mergers in oligopolistic markets. Is there much price competition in an oligopolistic market
Determine which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution?
Explain in a couple of well written sentences which industry in the U.S. would benefit in the short run from putting a tariff on all Japanese autos,
A software maker has fixed costs of $18,000 a month and her Total Variable Costs as a function of output Q are listed below;
Explain how much control might an organization have over pricing based on a product's elasticity
congress enacted the health insurance portability and accountability act (HIPAA) to potentially help millions of employees gain access to group health insurance. the key provision of HIPAA requires insurance companies and health insurance plans ad..
the knowledge you have collected in this course on monetary and fiscal policy actions, critically describe the transmission process.
Consider a simple economy with only Robinson Crusoe, coconuts and leisure. He has utility U (c,l) = c^(1/2)*l and a production function C=L^(1/2), where c is the amount of coconuts he consumes, l is the amount of leisure he consumes, and L is the ..
Discuss ways the Fed's objective function can be used with an economic model to evaluate alternative monetary policies. Discuss ways that economists could use the Phillip's curve to create better economic policy than we currently have.
Evaluate the individuals on your learning team, including yourself, based on the personality assessments. Evaluate the situation described above in terms of urgency, culture, and so forth. Determine leadership approaches to be used, based on individ..
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