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Which of the following explains why big business typically spends more on rent-seeking activities than customers?
1. Labor unions in the involved firms.
2. Lobbying is a public good to businesses.
3. Lobbying is a public good to consumers.
4. Lobbying is a public good to businesses and labor unions in the involved firms.
Television channel operating profits vary from as high 45-55% at MTV and Nickelodeon down to 12-18 at NBC and ABC. Provide a Porter Five Forces analysis of each type of network.
abe forrester and three of his friends from college have interested a group of venture capitalists in backing their
1. discuss several economic events that would increase a countrys willingness to trade.2. in the offer analysis why
what is the future of globalization? what do you personally think the greatest future challenge may be to global
Analyze the risks involved in the foreign-exchange market and create a list of best practices that almost any organization conducting international business would find valuable.
In the summer of 1997, Congress and president agreed on budget package to balance the federal budget. The contract," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997,
In an economy there is only one output, cookies (C) which is produced with one input labour (L). The wage for labour is fixed at w per hour and the price of cookies is P. A firm in this economy has a production
Describe the difference between a diminishing marginal product of labor and a negative marginal product of labor. Why would a profit-maximizing firm always choose to operate where the marginal product of labor is decreasing (but not negative)?
1. if a firm purchases a part of its supplies on the open market this is called a a spot market purchaseb a long term
Because of the free-rider problem: the market demand for a public good is overstated. the market demand for a public good is nonexistent or understated. government has increasingly yielded to the private sector in producing public goods.
Given the basic economic problem of scarcity
In the short run, a firm operating in a competitive industry will shut down if price is less than average total cost, less than average variable cost.
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