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Consider a potential biologic target that has $1 billion in revenues, if you expect Scenario B to emerge would you enter this market?
1. If the demand and supply curve for dish washers are:
The unemployment rate of western states is 4.9%, for eastern states it is 6.2%, for southern states it is 4.6%, and for Midwestern states it is 6%. The western states comprise 12% of the labor force, the eastern states comprise 17% of the labor force..
The following figure plots the average farm prices of potatoes in the United States for the years 1989 to 1998 versus the annual per capita consumption. Each point represents the price and quantity data for a given year. Explain whether simply drawin..
Describe some forms of government spending that represent consumption ad some forms that represent investment.
Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the..
You are an efficiency expert hired by a manufacturing firm that uses K and E as inputs. The production function for a competitive firm is Q = K1/2 E1/2. The firm can hire labor at a wage of $15 per hour and rent capital at a rate of $60 per unit. Com..
How do you explain the wide variety of prices for virtually the same service, given that the cost to Netflix of providing each plan is basically the same?
Suppose a person has $20 to spend on music and likes both rap music (R) and country music (C) with a set of preferences so that U=C^1/2R^1/2. Suppose that the iTunes price of a rap music song is PR=2 and the price of a country music song is PC=1. Wri..
game theory suppose there are only two car companies ford amp chevrolet. ford believes that chevrolet will match any
How is it possible that in perfect competition some firms have economic profits equal to zero while others have a positive economic profit. Can they have a positive consumer surplus? Isn't it a contradiction?
The president of ECONA-COLA soft Drink Company has placed you in charge of pricing Econa-Cola. Knowing that there are a large number of very good substitutes av
Explain the Law of Demand. What are their assumptions? What are demand curve shifters and what causes them to shift? What is market equilibrium? What might keep the market from moving all the way to that equilibrium point? “Price control can be more ..
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