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Why does a monopoly face a downward sloping marginal revenue curve? Why is the perfectly competitive firm's MR curve horizontal?
The economy depends on Consumption for short term economic activity and Financial Investments for future economic growth. Frictional unemployment is sometime caused by negative Friction between the now unemployed worker and her boss. Cyclical Unemplo..
You have decided to purchase a large screen TV and the Rent to Own store. The TV would cost $1,200 but you will be making payments of $150 a month for a year. Asuming your MARR is 27%, compounded monthly, what is the present worth of this purchase?
What are the variable costs that Taco Bell faces? Consider the changes that the leadership in this article is seeking to make. What do you predict will be the effects on Taco Bell’s profits relative to its competitors if they are successful ahead of ..
What is the difference between electronic commerce and electronic business according to Becker and Sampson? Briefly compare B2C, B2B, and B2G electronic commerce?
Walmart is laying off cashiers, and increasingly adopting the policy where customers must use self checkout or pay a fee. Jason Clarke is the manager of a Walmart. There are 20 cashiers and 8 self-checkout stations in this store to serve 1000 custome..
The Japanese car makers [Toyota, Honda and others] have almost eliminated the 'lemon' in new car markets. This is an example of positive adverse selection. Explain with examples how and when positive adverse selection can arise.
q1. consider and economy with output equal to the natural level of output. now assume there is an increase in
The labor abundant countries of asia have experiences rapidly rising wages since those economies liberalized their international trade policies. Does this observation match the predictions of international trade theory? Explain.
Phil the Pharmacist currently is working for the Gregory Pharmacy Company earning $40,000 in salary per year. He works 6 days per week and travels one hour in each direction to and from work each day. Phil values his own time at $9.00 per hour. For t..
Given the current situation in many African countries, do we see the Tragedy of the Commons occurring? Consider not only how the “tragedy” is impacting the current population but also how hit may be devastating to coming generations. Give examples an..
Assume that the market for Coca-cola in your area is perfectly competitive, with Demand P= 11-0.1Qd and supply P= 1+ 0.1Qs. Each firm that sells Coca-cola is indentical, with Total Cost TC= 1+0.5Q+2Q? Identify the consumer and producer surplus on the..
If the exchange rate at the end of the year is 105 yens for a dollar then what would be the inflation rate be in the US.
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