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What are the similarities in the Industrial organizations of perfect competition and monopoly and what are the differences?
A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax. The economic advisors to the country estimate the supply and demand curves for cigarettes as: QD = 140,000-25,000P QS = 20,000 + 75,000P, What are the eq..
Home Guard has recently completed a $100,000, two-year study on its new pest control device. It can go into production for an initial investment in equipment of $5 million. The equipment will be depreciated straight line over the useful life of 5 yea..
Explain your answer using the relationship between the aggregate demand curve and the aggregate expenditure.
Color Mate Inc., a company that produces interior and wall paints, dumps its chemical waste in a river. Which of the following is likely to be true in this case? The social cost of the company is higher than the private cost, and the equilibrium q..
Why do you think OPEC has been able to beat the odds and continue to collude? Hint: You may wish to consider non-economic reasons.
You will explain monetary policies as they relate to the business environment. What is the effect of the extended period of low interest rates in the US economy on: (a) banks taking deposits, (b) individuals saving for retirement, (c) cities and town..
An economy begins in the long run equilibrium, and credit card companies start offering cash back on every purchase. How does this change affect the demand for money? What happens to the velocity of money?
University of Chicago economist Christian Broda opines because the affluent tend to consume more goods and services that typically have less competition, this means their prices are less elastic than goods and services who are subject to greater comp..
Find the equivalent equal payment series (A) using an A/G factor such that the two cash flows are equivalent at 10% compounded annually. First cash flow: Start at -$50 at year zero and goes up every year in increments of $50 so at year five its at $2..
Mountain climbers get in trouble when climbing at high altitude because there is less oxygen in the atmosphere as you go up in altitude.
When other companies refused to follow the increase, American Airlines made an attempt to gain customers in the competitors' markets by applying aggressive discounts on the tariffs.
In addition to other factors, the increased use of technology and the reduced costs of information transfer from local office to corporate headquarters has: The lateral decision-right assignment is carried out on the basis of:
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