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What is the difference between pairwise majority and the plurality rule?
All firms in a Cournot monopolistically competitive industry have the same cost function C (q)= 25 + 10q. Compute the equilibrium price, total output, firm output and number of firms in the industry.
Assume that you are an international industry analyst. You have been called to analyze the case of a competitive environment where both local and foreign firms compete.
You are the manager of a midsized company that assembles personal computers. You purchase most components-such as random access memory (RAM)-in a comptetitve market. Based on your marketing research, consumers earnings over $75,000 purchase 1.3 ti..
The economy of the country of Upland is still recovering from a severe recession and still has an unemployment rate close to 9%. Assume that the government's only concern is to achieve full employment. 1. What type of fiscal policy would you rec..
Discuss the relationship between inflation and interest rate. Do an international relationship exist, yes no HOW?
Explain why equilibrium of supply and demand is desirable. Explain the following concepts using the concept of consumer and producer surplus Efficiency of markets.
How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources Using the circular flow model, explain the flow of money and goods in an economy.
Which of the following features is needed to make bundling a possible price discrimination strategy but is not required for any other price discrimination strategies?The firm does not learn about customer demand until after purchase.
You work in a medium-sized organization (200-300 people). You head a team that has been tasked with creating a training program for all employees on the usage of a new company-wide software program.
for each term define what it means and then discuss how it affects aggregate demand and aggregate supply. under
Using the information you gathered, discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth.
If your firm raises prices on a product that has elastic demand, how will this affect revenue? Give three examples of products that have inelastic demand. Give three examples that have elastic demand.
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