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As an illustration of the difficulty in identifying monopolies, try and decide which of the following are monopolies: British Telecom; your local evening newspaper; a water company; the village post office; the Royal Mail; Interflora; the London Underground; ice-creams in the cinema; Guinness; food sold in a train buffet car; Tipp-Ex; the board game ‘Monopoly'.
What is the the ratio of a good's money price to the price of the next best alternative good (is its opportunity cost)?
advocates of higher salaries for teachers point out that most teachers have college degrees and that teaching children
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
Suppose the firm decided to lease the large factory, and has put down a non-refundable deposit of 4,000 for that factory. Provide a recommendation concerning which factory firm should lease, and the number of boxes of chalk it should produce.
Suppose that Manisa Co. is currently not paying any dividends, but is is known that starting in four years (i.e. the first payment is four years from now), Manisa will begin paying $2 a share. The interest rate is 4%. What is the price today o..
What are the two primary factors that influence a firm manager's choice between a labor intensive and a capital intensive method of production Explain how a manager should make his or her choice in selecting the amounts of labor and capital to use..
A movie theatre has a cost function which entails the rent of the commercial building of $50 per day (fixed cost) and a marginal cost of $5 per viewer. There are eight potential viewers (four of them are students and four of them are not) with buy..
Similarities and differences in the structure of the memory map. Comparison of cost per Kbyte
Which professor is better off. The starting salary for a new assistant economics professor was 15000 in 1976 and 80 000in 2005. The value of the CPI for 2005 was 195.3 compared to 56.9 in 1976. In which year did a newly hired professor earn more in..
Sports Authority and Modell's Sporting are engaging into the following one-shot game: if Sports Authority advertises and Modell's Sporting Goods does not, Sports Authority will make $20 million in profits and Modell's Sporting Goods will make ..
suppose a business experiences a sudden increase in its fixed costs. for example suppose property taxes increase
Use the following data for a firm's output at various levels of employment to calculate: (a) its marginal physical product of labour (MPPL) schedule.
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