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1. Identify two products that have either fallen sharply in price or gotten significantly better without price increases. Explain why.
2. If an oligopolist knows rivals will match a price cut, would they ever reduce their price?
3. Dominos and Pizza Hut hold 66 percent of the delivered-pizza market. Should antitrust action be taken?
4. How would our consumption of cereal change if cereal manufactures stopped advertising? Would we be better off or worse off?
5. Why are people willing to pay more for Dreyer's ice cream when it has a Starbucks brand on it?
Unfortunately banks are reluctant to make loans to people who currently have low incomes, even if there is a good chance their incomes will be higher in the future. If people could always borrow as much as they want to, would you expect consumpti..
Supply and Demand Concepts
If the two are generally not competing on price, are there any forms of non-price competition that might emerge? If so, describe them. Or would such other forms of competition also exhibit "kinked type behavior"?
Calculate the present value of the costs and the present value of the benefits of each career path assuming an interest rate of 3% and then again at an interest rate of 10%. Which of the career paths should she pursue under each interest rate?
jennifer trucking company operates a large rig transportation business in texas that transports locally grown
What is the “Fiscal Cliff”? What effect will the “Fiscal Cliff” have on the economy in the short run? Explain and illustrateusing the Aggregate Supply –Aggregate Demand model. How can the “Fiscal Cliff” be avoided?
Imagine that your city is planning to build a waste recyclingplant in your neighborhood. What are the ethical and practicalconsiderations for making this decision How would your concern forthe environment affect your view on this action
Research the economic costs involved in the conducting break-even analysis for good or service of your choice. Assess the factors involved in conducting the break-even analysis. Find out the conditions which might exist for the manager of this goo..
Southern Oil Company produces two grades of gasoline: regular and premium. The profit contributions are $0.30 per gallon for regular gasoline and .50 per gallon for premium gasoline.
ention each account affected and the appropriate amount. Also, assuming your bank lends out money to the extent allowed by law, how much will the money supply grow beyond the initial $100,000 deposit?
Explain, using diagrams, why a monopoly can potentially earn super-normal profit in both the short run and the long run, while perfectly competitive firms can only earn normal profit in the long run.
some economist believe that the 2008 economic recession and financial crisis was caused by a perfect storm. explain
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