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A resident toy manufacturer known as ABC Toys defines their corporation as extremely competitive. However, they do have uncertainties about their close toy manufacturing competitors within their market. ABC Toys uses advertising to highlight the types of toys they manufacture and the quality of their services offered. ABC Toys reacts quickly if other toy manufacturers offer discounts or promotions on their products and services. They also quickly respond to new promotional Advertising produced by their competitors.
Using the example above, would this market be considered to have the right economic characterizations and market fit known as a perfect competition? Please explain.
a rich man has 1,000,000 in the bank earning 7% interest. He plans to give away 100,000 at the end of the year and to increase his gifting by 10% each year there after. How long with the million dollars last?
Graphically reflect the impact of changes in the non-income determinants of consumption spending on the consumption function.
Develop a strategy for the client to convert passive income into active income deferring immediate U.S. taxation until repatriated home based on your research. Provide support for your recommendation.
What happens to the demand for beer if consumer income rises by 5%? Be specific. Is beer a normal or inferior good? Explain.
q1. suppose that in saudi arabia produces 200 million barrels of oil and 3 million cars and that the united states
Discuss - Deficit spending paves the road to ruin. Explain how much of the national debt is held by foreigners.
A volunteer ambulance service handles 0 to 5 service calls on any given day. The probability distribution for the number of service calls is shown below. NUMBER OF SERVICE CALLS PROBABILITY 0 .10 1 .15 2 .30 3 .20 4 .15 5 .10 What is the expected val..
Suppose there are two firms that produce sulfur dioxide emissions, Firm A and Firm B. Each firm emits 30 tons of sulfur dioxide per year. The cost of reducing one ton of sulfur is $200 for Firm A and $250 for Firm B. If Firm B emits 60 tons of sulfur..
Suppose you are now 66 and can apply to receive Social Security Retirement Benefit starting this year. You would get (inflation adjusted amount of) $10000/year if you apply this year. Alternatively, you could delay applying for SS benefits until 70 w..
Also that would you considers more likely, to longer-term- U.S. government bonds have a high interest rate than short-term U.S. government bonds or vice versa.
Explain the relationship between the effectiveness of monetary policy and the interest elasticity of investment. Will monetary policy be more or less effective the higher the interest elasticity of investment demand? Explain. Now explain the relation..
q1. identify at least one important entrepreneur that you would consider an entrepreneurial legend and state why you
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