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-Find a current-event news article to discuss regarding any topics , price, supply, demand, supply and demand , price taker/ price setter, oligopoly, monopoly, customer behavior, elasticity, subtitutes good, we have learned thus far in the term.
-Provide the following for your initial post:
-An overview of the entire article chosen.
-Explain the topic it relates to that we have learned about this term.
-How the learned topic relates to the article.
Suppose the inverse demand for an industry was given by P = 60 - 0.03Q. What price results from perfect competition in this market? How many units are sold in this market?
Consider a borrower that is approved for a standard 10-year, fully amortizing house mortgage with an original balance of $500,000 and a note rate
Describe the climate, topography, infrastructure, and natural resource endowments of Brazil in 350 words not including the references.
An agricultural experiment examined the response of corn production (output C) to variations in two inputs pounds of nitrogen fertilizer per acre (N) and the number of corn plants planted per acre (P). Thus, the production function is on the form C =..
Explain a situation using the supply and demand for skilled labor in which the increased number of college graduates leads to depressed wages.
Apple and Samsung are competing in a duopoly. If both companies charge a high price, they each earn $900 million in economic profit. If both companies charge a low price, they each earn $500 million in economic profit. Construct a payoff matrix displ..
What is the impact of distributing the motorcycles through MC Dealership, LLC on the price of the motorcycles?
The Disney Company regularly offers coupons good for discounted admissions into its amusement parks. However, they never offer any discounts on merchandise inside the parks (food; souvenirs; etc.). How can you explain this difference using the concep..
Suppose that two consumers A and B buy two goods, food (F) and clothing (C). Consumer A’s preferences are represented by the utility function U(F,C) = 5*F*C, while consumer B’s utility function is U(F,C) = 0.05*F2*C2. Using a graph with F on the hori..
During the recent recovery, we have noticed high profit levels and high production levels by firms, yet unemployment has remained relatively high. Explain this issue by discussing the use of capital and labor in the production of goods and services.
How do you expect the possible impacts of high-speed railway construction between Houston and Dallas on the Texas economy?
What can you provide as advice to a manager concerning their choice on the quantity of labor and quantity of capital.
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