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If you were an economist for Mattel, manufacturer of the doll Barbie, which was making an unsolicited bid to take over Hasbro, manufacturer of G.I. Joe, would you argue that the relevant market is dolls, preschool toys, or all toys including video games? Why? Would your answer change if you were working for Hasbro?
Explain who are the winners, who are the loosers, we can better evaluate the net impact, if any, on the overall economy.
Elucidate what are the differences among horizontal, vertical, and conglomerate mergers. Is one type preferable from the view of anti-trust policy.
Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
The Canadian economy is in long-run equilibrium. Assume the following events occur one at a time. Show the effect of each event on Aggregate Demand and Short-run Aggregate Supply in Canada by shifting only one curve.
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
Explain how is it that monetary policy, such as open market operations.
The investment demand curve is a useful tool to summarize an important and complex relationship in the economy. The determinants that may cause this Investment Demand Curve for the U.S. economy to shift are acquisition
Tax rebate and a tax refund is a tool of fiscal policy. A deduction in tax rates is not the similar thing as a tax cut.
faith that the laws of supply and demand always hold, why is it that the "popular" gifts for the holidays always sell out early.
Compute the steady state levels of population. How might we transition between these two steady states and growth during the Malthusian regime?
Explain how would the edgeworth box change. How would the production possibilities frontier change as a result
Elucidate whether each of the subsiquent would make fiscal policy more effective or less effective
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