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Many people say that Microsoft has a near monopoly in the operating system market, but argue that consumers are better off than if there were many competing operating systems. Why might they make such a claim?
Provide an example based on your professional experience of a situation in which using a multiple regression model or nonlinear regression model may have helped your organization make a better decision.
10 consumers, ranked by their value for a network product v = 1...10, are deciding whether to connect to the network. If there are n people on the network, including oneself, then a consumer's willingness to pay equals n x v. What is the highest pric..
Many people find the current unemployment figures for Australia a bit unbelievable. Why is this? Why might the official statistics be inaccurate? Using the simple Keynesian (J-W) model to assess the implications for equilibrium GDP and the level of s..
How much an employee, who earns a minimum wage in Washington, must contribute to employment insurance, health care costs, minimum vacation requirements, and government pension plans ?
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective deamnd and effective supply to maximize profit?
How do you find consumer surplus, producer surplus, and total surplus from these two equations? Supply: Qs=4p-80, demand: Qd=100-2p
An indifference curve involving two goods identifies the:
The demand for cars in Home is q = 30 – P and the supply of cars in Home is q = P. The demand for cars in Foreign is q=10–P and the supply of cars in Foreign is q = P. Calculate the autarky equilibrium price and quantity in each country. Who is the i..
Fixed costs exist only in:
Discuss here the strategic significance, as well as different elements, of our financial system and how it helps determine the crucial growth determinants of savings and investment.
How does the global economy connect American car buyers and Russian bureaucrats? One person who can answer is Reg Modlin, an emissions specialist at DaimlerChrysler AG's U.S. unit. Mr. Modlin, like many other auto-industry executives worldwide, has s..
Do politicians take advantage of asymmetric information when they talk to the public? Are politicians’ examples of adverse selection? What about moral hazard? Discuss:
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