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Industrial Organization class:
Outline and briefly explain the major elements of the standard used to evaluate industrial performance from the perspective of societal welfare. Based on this standard, rank order the following industries from best to worst. Do not justify your ranking for all seven industries, however explain your reasoning for selecting the industry with best and the industry with worst performance.
a. Agriculture
b. Petroleum
c. Electricity
d. Cigarette
e. Beer
f. Automobile
G. Banking
What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.
I need help with identifying 5-realistic and important factors that will contribute to a successful United State economic recovery over the next 5-years.
There seems to be some difference of opinion between bankers and economists. Can you provide insight on this? You should be able to answer this question in two pages or less.
The manager of a car wash in Washington charges Alabama residents $10. The manager believes that the price elasticity of demand of Alabamans is -1.5. The manager is considering offering senior citizen discounts. How much should the manager charge if ..
When planning the process of preparing a bank reconciliation it is noted that under normal circumstances only one section of the examine may generate additional entries on the books of the account holder.
Illustrate what most people do not realize is that what the Fed is actually doing is changing money supply (and not interest rates directly). When money supply changes, interest rates automatically adjust to keep the money market in equilibrium.
Economists classify production functions as possessing constant, decreasing or increasing returns to scale. Yet, from a cause-and-effect point of view, it is not readily apparent why decreasing returns to scale should ever exist. That is, if we du..
In replacement analysis for a vacuum seal on a spacecraft the following data are know about the challenger:
A firm uses labor (L) and machines (K) to produce some output. The cost of labor is $40 per unit and the cost of using a machine is $10. (a) Derive an equation for the isocost line.
Imagine that you are the human resource manager of a small architectural firm. you learn that the monthly premiums for the company existing health insurance policy will rise by 15% next year.
What issues led to the war between Britain and United States in 1812? How did each issue contribute to outbreak of war? Finally, why do some historians refer to the War of 1812 as the "second war for American Independence?"
1. In the long run, the most helpful action that a monopolistically competitive firm can take to maintain its economic profit is to
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