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a. How does an economist define allocative efficiency? What types of markets exhibit allocative efficiency?
b. How does an economist define economic or productive efficiency? What types of markets exhibit productive efficiency?
c. Provide a graph of a monopolistically competitive firm and identify the excess capacity on the graph.
You won a free ticket to see a Bruce Springs-teen concert (assume the ticket has no resale value). U2 has a concert the same night, and this represents your next- best alternative activity. Based on the information presented here, what is the oppor..
Find a recent (since the start of Obama's first term-January 2009) news or magazine article or podcast from a reputable/verifiable source that relates to elasticity and tax incidence or Market Efficiency and Government Intervention from this class..
Identifying entry strategy and core competencies providing the proposed business' competitive advantage in the foreign country.
Describe two changes in the U.S. employment relationship over the past 40 years and the potential causes for each change (hint: material from this week's).
Anayze why equilibrium of supply and demand is desirable. Explain the following concepts using the concept of consumer and producer surplus.
What are financial frictions, and what role do such frictions play in the financial crisis? How does a financial friction enter the IS/MP diagram and the AS/AD.
Discuss the marketing plan insights P&G has gained through its Vietnamese marketing studies
What is the market supply curve?
Fiona requires a minimum level of consumption, a threshold, to derive additional utility: U(X,Z) is 0 if X+Z is less than or equal to 5 and is X+Z otherwise. Draw fionas indifference curves. Which of our usual assumption does this example violate.
Are the NFL and its members a single entity for the purposes of antitrust laws - Is the agreement of NFL teams with Reebok subject to Section 1 of the Sherman Antitrust Act, when teams own and control the use of their separate logos and trademarks
Which of the following is true for perfect competition but not true for monopolistic competition and monopoly. a. MC = MR. b. P = MC. c. Positive long run profits. d. Both b and c.2. Profit margin equals: a. marginal cost minus marginal revenue. b. a..
The numbers of voters favoring A in the four samples can be regarded as four independent binomial random variables. Construct a likelihood ratio test of the hypothesis that the fractions of voters favoring candidate A are the same in all four ward..
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