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1. Is the online book retail (e.g. Amazon.com) industry qualified as a perfectly competitive market by the four market characteristics listed in the lecture note? If not, what characteristic(s) is (are) not met?
2. There are so many companies having websites to sell their products. However, not every company is successful in online retail. In your opinion, what are the common characteristics of products which can be sold successfully in online retail? Please provide at least one example and explain your answer.
3. Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry?
What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?
According to the hybrid, or consensus, view of aggregate supply, the chance for an aggregate demand increase to cause inflation accelerates as Unemployment increases, The economy moves toward capacity
choose a major publicly traded automotive producer such as general motors ford toyota or volkswagen. then research this
If Appe were to build a balanced, scorecard, what two objectives do you think should be included in the learning and growth perspective?
Name the current members and current alternate members of the Federal Open Market Committee by name and institution they serve. Is the district to which Oklahoma belongs currently represented on the committee?
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. Fixed costs are FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
Give a definition of Pareto Optimal Allocation in this economy. Find out all Pareto optimal allocations and graph them in the Edge worth Box and also describe what is the theory of Second Best? Prove the theorem by using a diagram.
Assume your elasticity of demand for your parking lot spaces is -.05, and price is $20/day. If your MC is zero, and your capacity at 9 a.m. is 96% full over the last month, are you optimizing?
hollywood screenwriters negotiate a new agreement with movie producers stipulating that they will receive 10 of the
analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low risk loan.
under pressure from lobbying groups the president of a newly-independent country implements a minimum wage of 6hour.
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