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If a firm was an opiology structure and became monopolistic competition structure what would happen to the price, quantity and economic profit?
Based on the selections by Brownstein and Peterson, for the next elected president to be a woman, what would you recommend for a feminist platform that would have the greatest chance of success with American voters? Do you think the election of a wom..
Nicole earned a salary of $50,000 in 2015. She had losses of $12,000 in stock trades during the year. She will be able to deduct all of the losses from her income on her 2015 tax return. A corporation may deduct the interest it pays on its bonds as w..
According to crowding out hypothesis, an increase in ---- will lead to increase---- and later on a crowding out of (a decrease in)------
This study is an example of randomized control trial: The experiment delivers academic performance information (report cards) to randomly selected parents
Using the IS-MP diagram, explain what happens to the economy if there is a temporary consumption boom that lasts for one period. Initially, suppose the FED keeps nominal interest rate unchanged. Now suppose you were the chairman of the FED. What acti..
Should decision management and decision control be separated? As part of your discussion, provide a real-world example (or provide a fictitious example) of a firm where the control (correctly) resides with the same individual as well as an example of..
Due to the recent events, Greece is to pay a debt to Troika. The issue is, that Greek Finance Misiter is trying to re-negotiate the terms of debt payment, with the help of his knowledge in the "Game theory".
Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using e..
You are a policy advisor responsible for air pollution in a region where there are only two chemical plants run by firm A and firm B. Firm A’s pollution abatement costs are 2x^3 , where x is a unit of pollution. Firm B is newer and has pollution abat..
The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:
Assume that you have a budget of $30 to spend on milk and cereal only. The price of milk is PM = $5 and the price of cereal is PC = $3.50. What is the most you can purchase of cereal? What is the slope of the budget constraint?
If there is an increase in demand for a service, and a decrease in supply of the service, what impact will that have on the equilibrium price and quantity
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