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Professional Assignment
1. Describe how goals, constraints, incentives, and market rivalry affect economic decisions.
2. Investigate the conditions under which a firm operates as perfectly competitive, monopolistically competitive, or a monopoly.
3. Explain how beliefs and strategic interaction shape optimal decisions in oligopoly environments.
The Federal Communications Commission (FCC) has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue. Since most bidders are large telecommunications companies, you rationally surmise that all participants in the auction are risk neutral. Which auction type-first-price, second-price, English, or Dutch-would you recommend if all bidders value spectrum rights identically but have different estimates of the true underlying value of spectrum rights?
Jim doesn't think he can agree to the union's language on technological change because as written it could severely limit the company's flexibility.
Calculate the sample proportion of insomnia sufferers who did not improve after the therapy. Round to three decimal places.
Which of the following would eliminate scarcity as an economic problem? Moderation of people’s competitive instincts. Discovery of large new energy reserves. Resumption of steady productivity growth. None of the above because scarcity cannot be elim..
Addressing recession using Fiscal and Monetary Policy tools. Scenario - The US economy is currently experiencing recession. You have Fiscal and Monetary policy tools available to address this problem: To attack the problem of recession, you must sele..
In the case Discover Bank v. Owens, Owens received a Discover credit card with a limit of $1.900 and charged $1.460. The credit card agreement allowed Discover to add fees and increase her interest rate when Owens paid her bill late or did not pay in..
Suppose the two doctors play a one-shot game-which is, they interact only once also never Once more.
The payments are received at the end of the year, and the winner's interest rate is 12%. What is the present worth of the winnings?
What other examples can you give for international firms' product differentiation and cost cutting strategies in different markets?
q.the equation of capital accumulation is k k i - deltak where k is the capital stock at the beginning of the year i
If the dollar is devalued against gold and the pegged rate is changed to $40 per ounce, illustrate what does this imply for the exchange value of the pound. Explain your answer.
Do some research on the Internet to determine what fiscal policy initiatives the U.S. government used to address the economic crisis of 2008-2009. Which initiatives seem to have been most effective?
The Average Product of labour at the firm Widgets, Woozles, and What its located in the Western Wheatbelt of Westonia (www.www.www on the web) is given by:
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