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How does perfect competition lead to allocative and productive efficiency?
Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estimate the elasticities of each of these variables. Discuss how managers use the elasticities measurements to make managerial decisions.
Explain why it is important to plan for uncertainties and how to implement a strategy to address possible risk factors. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your r..
Explain the paradox of saving. Now suppose the economy is characterised and what will happen to investment? What will happen to public saving?
you will apply important microeconomics concepts toward the competitive strategies of an organization that operates in
Suppose a monopoly manufacturer sells directly to a monopoly retailer. What are the implications in regard to price, output, and profits as compared to the case where the monopoly manufacture and monopoly retailer merge
Show that if the insurance company could separate drivers without the devices and offer full insurance at the actuarially fair premium of $5,000, the higher risk drivers would prefer insurance to no insurance.
Suppose you have the following demand function for the good x: x* = 80(py/px) - 0.5I. Are goods x and y complements or substitutes? How do you know?. Does good x demand satisfy the first law of demand? Why or why not?
1. suppose there are two consumers a and b.the utility functions of each consumer are given byuaxy xyubxy
How do global advertising campaigns benefit the company - what are the global advertising strategies of this company? How effective are they?
What is the current equilibrium level of GDP, what is the level of injections and what is the level of withdrawals?
Does a decrease in the magnitude of the MPS have the effect of increasing, decreasing, or not changing the size of autonomous spending multipliers (that is, the investment or government spending multiplier)?
Why are government imposed "average cost pricing" and "nationalization of industries so pricing is at marginal cost" both second best outcomes to the competitive markets? P=MC=min ATC long run equilibrium?
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