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What extent do you agree or disagree that profits should be used as the measure of monopoly power? Besides the profit measure, can you offer one other viable method of measuring monopoly power and explain it briefly?
Jennifer Creek is saving up for a new car. She wants to finance no more than $10,000 of the $26,000 estimated price in two years. She deposits $5,000 into a savings account now and will make monthly deposits for the next two years. If the savings acc..
The hypothetical economy of Betania is in short-run macro equilibrium with RGDP equal to $5 trillion. Assume the MPC in this economy is .9. Suppose the government in Betania increases its purchases by $100 billion and finances this increase in spendi..
What ethical constraints from the Bible are on the behavioral objective of Profit Maximization for the firm?
1. you are the manager of a racquet club as well as you want to determine the best cost for local rentals. assume that
A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth. Thus, if Mexico’s rea..
Suppose John has an income of $120 per period and faces prices Px=2 and Pz=3. His goal is to maximize his utility, described by the function U = 10x^0.5 * Z^0.5. Calculate the utility maximizing bundle (X*,Z*) using the Langrangian method. Derive the..
Two firms, A and B, have complete control of the supply of mineral water and both have zero costs. The market (inverse) demand function is given by: P = 200 – 10Q, where Q = qA (output of seller A) + qB (output of seller B). Their best reply function..
It is also clear that crypto-currency is changing the future of business research and reference at least 2 articles related to this topic.
If your TVOM is 15 percent and your friend’s is 20 percent, can the two of you work out mutually satisfactory terms for a 1-year $3,000 loan? Assume the lender has the money available and neither person wants to go outside their acceptable TVOM range..
You are paying a series of five constant-dollar (or real-dollar) uniform payments of $715.48 beginning at the end of first year. Assume that the general inflation rate is 32.53% and the market interest rate is 32.53% during this inflationary period. ..
Please share what you learn about U.S. media ownership patterns and what you think its implications are in your response to this prompt.
With the current specifications, a new road will cost $1.5 M initially, need $120K in annual maintenance and need to be resurfaced every 10 years, cost = $1.1M. A proposed new spec will cost $2.1M, cost $90K annually in maintenance and require resurf..
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