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Firms supply the goods and services that we as households demand. So what are people looking to buy?
•Perhaps something that you recently purchased or are considering for a future purchase. What's in the news and how can you use economic principles to become a better shopper?
Antitrust authorities at the Federal Trade Commission are reviewing you company' recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
Suppose that property rights to the environment are established, and Jack has them. Further, assume that Jack and May can engage in costless bargaining.
Does it mean that the economy is starting to gather momentum for a faster growth rate? Explain. Hint: What obstacles remain for the economy to start growing at a faster rate?
Markum Corporation owes a creditor $60,000. Markum transfers property to the creditor to satisfy the debt. Markum purchased the property four years ago for $45,000 and it is currently worth $60,000. Does Markum have any gross income as a result of th..
Find out optimal consumption level of video games and burritos that maximizes total utility.
Consider two economies, one with a relatively flat aggregate supply curve and one with a relatively steep aggregate supply curve. In which economy will the governement have more succes in raising GDP by increasing its spending? What factors do you..
Utilize an elasticity concept to elucidate each of the following observations.
Illustrate what does the concept of opportunity cost indicate. Consider how the production of one good affects the possible production level of other goods.
develop a regression equation using any data. Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact de..
What can the Fed do to combat inflation? What can the Fed do to combat recession? How specifically does the Fed make these changes (mechanics)?
Discuss the immediate effects of the following events ondemand or supply in each respective market. Assume eachmarket is perfectly competitive. Indicate if you think demandor supply will shift right or left. Discuss how any shift indemand or supply w..
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
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