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What do we call goods that are replacements of one another especially when a price of one increases and the demand for the other goes up?
Draw a supply/demand diagram to model the US stock market (use the value of a stock price index such as the S&P 500 to represent the overall level of stock prices.
How do the following events affect an aggregate spending line?
Elucidate the difference between a monopoly and an oligopoly, and a cartel. Provide an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
You manage a US based company that makes shoe laces that you sell in a highly competitive marke
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
Suppose two strategically dependent firms in an oligopolistic industry: Firms A and B. Firm A knows that if it offers extended warranties on its products but Firm B does not,
Elucidate entity establishes a price ceiling also does it require government sanction for violators
Your boss offers you a wage increase of 10 percent. Is it possible that you are worse off with the wage increase than you were before? Explain your answer using proper economic terms and analysis
The plant engineer estimates the machine has a useful life of 5 years and no salvage value. Compute the depreciation schedule using: (a) Straight-line depreciation (b) Sum-of-years'-digits depreciation (c) Double declining balance depreciation.
The subsiquent table provides how the number of security guards affects the number of guards affects the number of radios stolen per week.
When you do not know the right demand, you can't set the right price. So, instead of setting the price first, how can you find out the right price when there are some uncertainty in your demand estimate?
Explain how the central bank in a modern economy operates; in particular, how it tries to control the monetary base (H), and thus the quantity of money (M) via open-market operations.
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