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The price of the typical MP3 player (such as the iPod) has been going down in the past 10 years. What could explain this consistent drop in the price of MP3 players? Use the model for the long-run competitive firm to illustrate your answer (hint: you need two diagrams here: one showing the LAC for the typical firm, and another showing the long-run supply curve for the industry.) (Original Graph and explanation only)
Assume that three accountants have been selected to measure the income of a firm under two different income measurement systems.
In the following graph, the demand for hot dog buns has shifted to the right because the price of hot dogs has fallen from $2.20 to $1.80 per package. Calculate the cross-price elasticity of demand between hot dogs and hot dog buns.
Compute the before-tax real interest rate and the after-tax real interest rate if the tax rate is 40 percent, the nominal interest rate is 10 percent and the in
Consider the market for Monster Energy Drinks. As in question 20, suppose that both buyers and sellers of Red Bull believe the price of Red Bull will increase.
Italy and Greece producing olives
Outline the factors which determine Government deficit and debt.
Discuss the pricing policy of price discrimination. Provide an example of a price discrimination for a good or service that you considered unfair.
Discuss the role of one of the financial institutions and identify how it is useful to grow an economy. (Financial institutions include investment banks, commercial banks, savings banks, and credit union.)
Calculate Maryam's opportunity cost of teaching students based on the answer in part (a). Clearly show your working and provide correct unit for the opportunity
What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers? How might such regulation be structured?
Write a three- page research to explain how you would use the monetary and fiscal policy tools to jump start the economy.
Assume the labor market includes 100 men and 100 women and that the distribution of efficiency units is uniform and the same within genders.
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