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Suppose a monopoly producer is also a monopsonist in the labor market. Demand for the output is P=100-Q. The production function is Q=L, and the labor supply curve is w=10+L. How much labor does the firm hire? What wage is paid?
Draw a graph showing a monopolistically competitive firm in a long-run equilibrium. What are its profits? Suppose instead that a monopolistically competitive firm sells 5 units of a product, for $4/unit, at an average total cost of $2/unit. Calculate..
Economists have explained why tax rebates have failed to boost consumption spending. One reason for this failure is that many people who received the rebates used them to pay off debts instead of spending funds on goods and services. Why households t..
The company sales forecast to double from $1,000 in 2013 to $2,000 in 2014. Here is the Dec 2013 balance sheet: Cash-$100, accounts receivable-$200, Inventories-$200, Net fixed assets-$500= Total assets-$1,000. All assets except fixed assets must inc..
Explain what the automatic adjustment mechanism is. Which curve does it cause to move? How does this happen? Will this process happen quickly, or take a long time?
Illustrate what happens if the consumer faces a borrowing constraint that prevents her from borrowing.
i. Calculate the real income growth rate in each country. ii. Calculate the nominal interest rate in each country.
Discussion. Discuss the significance and meaning of quantitative easing in the context of the liquidity preference model (increase in the quantity of money supplied). Provide specific examples to support your response.
Is the US economy moving more toward concentration or toward competition? If it's moving toward concentration, there is a need for antitrust laws. But if it's moving more toward competition (the view of the Chicago school), do we really need antitrus..
Select from the module’s key topics the top three social media mistakes or realities that got Comcast into this trouble. Be sure to justify your choices.
The company's 2012 statement of comprehensive income showed a depreciation expense of $385,000. What is the net capital spending in 2012?
Suppose you are asked to do a market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after the Spring floods or New Orleans after Hurricane Katrina. Other than building supplies (which is too easy :), cho..
Find the case entitled In Re Samuels & Co., Inc., 526 F.2d 1238 (5th Cir. Tex. 1976). This case is in Week 5. After you have read Part 7 in the textbook (in a paragraph) discuss this case and why it comes under Section 9 of the UCC.
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