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Question about government regulation
Is there too much government regulation? Instead, should trade associations, certifications, and professional societies regulate companies?
Government response to market failure
Why may a government's solution to a market failure worsen the market failure? Can you think of any examples that apply to this?
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
In 1971, Congress conducted headings on emergency loan guarantee legislation for Lockheed Corporation, which was in the middle of a severe liquidity crisis due to losses on a number of military contracts.
A firm uses a single plant with costs C = 160 + 16Q + .1Q 2 and faces the price equation-Find the firms profit maximizing price and quantity. What is its profit?
QuadPlex movie is the only movie theater in Idaho Falls. The nearest rival cenima theater.
Illustrate what are the major macroeconomic goals of all societies.
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
Describe ways firms establish barriers to entry and explain how they benefit firms but not consumers.
Compute the arc cross-price elasticity of demand among beverage sales and appetizer prices.
Jermaine has a health insurance policy that has a deductible of $1,000, a $10 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments.
Competition seems to be so fierce among the giant retailers, after discounting and lower profit margins, how is profitability possible.
Calculate the breakeven level for the subsiquent YoYo firm. The firm has overhead.
Explain how would you use these cost also revenue estimates to determine whether a sales force increase (or possibly a decrease) is warranted.
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