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Outline a microeconomic reform issue that is relevant to the Australian economy and how successful do you think these reform measures were and say why referring to some data or research that has been performed?
Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX?
Choose and research a specific business that is publicly traded where there has been a pattern of change in a particular market model (monopoly, oligopoly, etc.).
Compute the unit price if the ventor sold 200 CDs. Compute the demand curve for CD. Calculate the fixed and variable costs. Calculate the break even quantities (number of CDS).
Describe why it would cost Andre Agassi or Venus Williams more to leave professional tennis tour and open the tennis shop than it would for the coach of the univeristy tennis team to do so.
Calculate the new consumer and producer surpluses after thetas has been applied and compute teetotal amount of revenue collected with the tax, and the deadweight loss created by the tax
Do you think normal market forces adequately promote the sustainable development of non-renewable resources?
Illustrate graphically how the detergent cartel would set price and output and do you think this laundry detergent cartel with P&G and Lever will be stable for the next 5 years?
Draw linear PFF representing the tradeoff between hot dogs and buns with 120 million workers available.
How would your answers to part c above change, if you could still use a TPT strategy but you could not discriminate between the customers?
Discuss and explain the interest parity idea using formal methods Describe IS and LM curve behavior and nominal interest rate in the domestic economy,
How would income distribution and resource use change if a flat rate tax on comprehensive income were substituted for current progressive income tax in United States?
We make selections as customers every day. Opportunity cost is defined as a person's next best alternative or cost of what you give up when you make a choice.
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