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Imagine that you are a realtor who has two houses for sale, a and b. The house a is bigger than I), but the house .5 has a better location. You can also add some houses from the market listings just to compare them to a and b. Using the ?ndings of behavioral economics, how could you make a look more favorable than I)? How could you make I; look more favorable? Can you think of other ways to use context effects to manipulate customers' preferences?
Determine the units-of-production depreciation schedule for the equipment.
Determine the reservation price and minimum selling price. Algebraically, determine the equilibrium price and quantity for this market.
Econ 522 - Economics of Law - Contract Law - Consider a contract to sell an old piece of furniture which looks worthless, but turns out to be a valuable antique. Explain how the principle of "uniting knowledge and control" supports this rule.
Which of the following is NOT a possible way for a price-fixing scheme on potatoes to fall apart?
Understanding the Marketplace and Customer. Assume your good (paper towels) has both a consumer and a business market. How will you market these, based on the different decision processes of each market?
A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..
How to draw the digram of supply and demand curve to analyse that many traditional/offline video stores closed down after online video streaming entering.
The famous Swedish economist Assar Lindbeck remarked in his book on rent controls, “rent control appears to be the most efficient technique presently known to destroy a city-except ofr bombing”. Why would Professor Lindbeck think rent controls are de..
(a) What is the Nash equilibrium of the game? (I.e. what are the equilibrium policy positions for the two parties.) (b) Suppose a third party enters the game. Does a pure strategy Nash equilibrium exist? If yes, find it. If no, show that it cannot ..
Part of developing a long-term R&D strategy is to locate facilities in countries which are widely known to be competitive. Your company seeks to develop R&D facilities in Asia to counter recent competitor responses. A publication which evaluates econ..
During the 1990’s, Apple Computer saw its global share of the personal computer market fall from above 10% to less than 5%. Despite a keenly loyal customer base, Apple found it more and more difficult to compete in a market dominated by PCs running M..
Briefly discuss the details of the business(ENRON) and the security laws it violated. Then, evaluate how the business could have avoided the violation(s)
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