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If a journalists ask you following questions below. Which two questions would you respond to:
What would an economy based on these more fundamental relations among individuals look like? How would it differ from the economy described in the Wealth of Nations?
Apple conspired with five publishers to undercut Amazon's 90 percent share of the e-book market, which caused e-book prices to rise to $12.99 or $14.99.
Is the equilibrium you found in part (c) a short-run or long-run equilibrium? Why? If the industry is not in long-run equilibrium, explain the adjustment proces
If you are a manufacturer do you necessarily want the gray market to cease to exist? Why or why not? How about if you are a franchised dealer?
The Phillips curve illustrates the relationship between:
One of the functions of price is to ration resources and goods and services. What do we mean when we say price serves as a rationing device Elaborate your response in relation to scarcity and in terms of the demand and supply model
What is the difference between a cost and an expense? When does a cost become an expense? Do all costs become expenses? Explain.
Suppose you also know that the marginal product of labor (MPL) in period 2 is equal to 2 and that in period 2, Serbia has 4 units of labor. How many units of labor does Serbia have in period 1
If the elasticity of crime with respect to the number of police is estimated to be -0.5 and the number of police fell by 5% and annual expenditures on police are equal to $60 billion and the cost of crime to victims is estimated to $400 billion then ..
Craig Ciesla and Micah Yairi eventually turned to friends and family for funding. Should they have done that first? What are the risks with raising money from such individuals? Explain in detail using sources and research.
How does a firm then maximize their total revenue? Describe the relationship of the demand curve and total revenue curve, indicating which of the four types of market structures market power like this would occur (i.e., perfect competition, monopo..
Using the DD-AA model, analyze the output and balance of payments effects of an import tariff under ?xed exchange rates.
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