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In today's market, a business is nothing without an accompanying Facebook, Twitter, and Instagram account - right? Consider how you, as an employee, engage in social media with your own company. How do you handle the pitfalls of "liking" your company yet trying to keep your private life private?
There are two identical firms in this economy with constant marginal costs equal to 1 and no fixed costs. Assume that firms set prices and follow a Bertrand model to do so.
Based on this finding, can you conclude that the threat of capital punishment is not a general deterrent for homicide? Why or why not?
a homeowner can insulate his house and save $50 each year in heating bills. If the interest rates are 6%, should the house owner insulate or not.
Which of the following perspectives on structuring the work effort is not correct
The expected salvage value of the furniture is $5,000 in 2015. Determine the recovery period for the furniture and its depreciation deductions over the recovery period.
The firm ALFA is known around the world for its high-quality watches, and they sell for a unit price of $9,000. However, ALFA are seeing the emergence of Asian ALFA-copy-products in their market as an increasing problem. What will the consumers’ will..
For a perfectly competitive firm in the short run, are there situations where a company remains in the market even if it cannot cover its average total cost per unit at a particular output level? Explain. What would be the deciding factor in forcing ..
Which of the following is NOT an example of a managerial decision with risk-averse consumers? The expected revenues in auctions with risk-averse bidders with independent private values will be: A consumer spends more time searching for a good when he..
Calculate the consumer surplus, the producer surplus, and the total welfare for the competitive equilibrium determined in part (a) of this question.
Suppose real GDP is growing by 3 percent, the money supply is growing at 10 percent, the velocity of money is constant, and the real interest rate is 5 percent. (a) What is the current inflation rate and nominal interest rate?
Which of the following statements describes a change in the quantity supplied and which describes a change in supply??
What are some of the characteristics of perfect competition? Which types of industries come closest to perfect competition in the real world?
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