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A main conclusion from Walt Rostow's stage theory was that
1. the Sherman Anti-trust Act would promote purely competitive markets and therefore stimulate the rate of economic growth.
2. supply creates its own demand, so that recessions & periods of high unemployment are not likely to persist very long.
3. external effects would not occur as long the market prices were in equilibrium.
4. the drive to maturity would inevitably lead to a period of mass consumption.
5. central economic planning could ultimately become more efficient than the price system.
6. traditional society was overcapitalized leading to low productivity in the industrial sector.
Suppose which in the 1990s, the average retail price of a roll of Kodak film was $6.95 also which Kodak's marginal cost was $3.475 per roll.
Complete the International Trade Simulation. Elucidate how absolute also comparative advantage was used in your simulation.
Assume that raising the marginal income tax rate raises $200B which could be spent on infrastructure projects. Explain how would we measure the cost of the project to determine whether it is worth undertaking.
Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. What is the market equilibrium retail price p? What is the profit-maxim..
Two brokers at Morgan Stanley: Bob and Simon are comparing their performance last year. Bob averaged a 19% rate of return on his portfolio, while Simon averaged a 16% rate of return. The beta for Bob’s portfolio is 1.5 while the beta for Simon’s port..
Explain why do you suppose that employees pay for general training and the employer pay for specific training with respect to the basic competitive model.
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $100.00. Her variable costs are $1,500 for the first thousand posters, $1,200 fo..
Consider a competitive market. Starting from the long-run equilibrium, suddenly, fixed costs decrease, although variable costs remain unchanged. Discuss the short-run and long-run changes in market equilibrium. Include all figures and diagrams you nd..
q1. suppose that the first week of summer jenny charged 25 cents for an 8-ounce cup of lemonade her next-door neighbor
george has been selling 5000 t-shirts per month for 8.50. when he increased the price to 9.50 he sold only 4000
If a consumer goes to buy an entertainment center at Best Buy for $2,000 and the mpc is .80, what will be the effect on the economy? What if the mpc really turns out to be .75? Why is there such a difference?
To be useful, market segments must rate favorably on five key criteria. In the ________criterion, effective programs can be formulated for attracting and serving the segments.
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