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In a bilateral monopoly, like that of a players' union and major sports league, what factor determines the final price and quantity of labor? Why?
Explain by how much will aggregate demand at current prices shift initially (before multiplier effects) with a$70 billion increase in government purchases.
You have been tasked with determining the pay structure for a new team of sales workers. You are considering whether to pay them strictly on commission or whether to pay a smaller commission but guarantee a modest base salary.
Why are the Average Cost Curves U-shaped. What is the Law of Diminishing Returns. Discuss a company's two short run options.
Abe’s marginal utility of apples is 12 and his marginal utility of bananas is 5. If apples cost $2 each and bananas cost $1 each, is Ape consuming at an optimum? If not, which fruit should Ape consumes more of?
Advertising as a Barrier to Entry: Consider the market for soft drinks. It is often said that advertising by an existing firm (say Pepsi) is a barrier to entry for other firms (say Joe's Cool-Aide Company) that might be considering entry into the mar..
In the early 1970s, the six largest manufacturers of ready-to-eat breakfast cereals shared 95 percent of the market. Over the proceeding 20 years, these manufacturers introduced over 80 new varieties of cereals. How would you evaluate this strategy f..
Today more workers in the US are members of lavor unions than any time in our history. Today labor unions are weaker than anytime in the last 100 years. No major labor union has called a strike since the 1940s.
How much would you need to set aside when you bought a new car to pay all future maintenance costs if you planned to keep the vehicle for 7 years?
One thing that the Brazilian financial crisis had in common with the Asian financial crisis is that. On Black Monday, October 28, 1929, the Dow fell by a record: Which law, up until the 1980s, placed a ceiling on the interest rates that S&Ls could pa..
What ratio is used to value a firm using the comparables method?
Should the government build more shelters for the homeless? Where will it get the resources to do so? What are some of the opportunity costs?
Briefly discuss the risks facing these institutions within the context of how these institutions can have such a wide variety of assets and liabilities and still maintain their ability to make illiquid loans, meet deposit withdrawals on demand, and m..
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