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Research for 4 questions and provide 1-2 references per question
1. What is the price elasticity of demand for brand name drugs? Is it elastic or inelastic? How about fast food?
2. What is the Income Elasticity of demand for these products? Which one has the higher income elasticity and why?
3. What is the cross-price elasticity of demand (if any) between the main products of the two companies?
4. What about among Pfizer's main products and related products, and among McDonalds' main products and related products?
New England shoe manufacturers hired workers in a competitive labor market. Use demand and supply curves for labor to illustrate how a wage rate was determined in the market for shoemakers. Shoemakers later formed a union and negotiated a higher w..
What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries? Use graphs as needed and explain your answers thoroughly
How does exchange create value? Discuss the merits and drawbacks of both socialism and capitalism as methods of economic organization.
"Within the Heckscher-Ohlin framework, complete factor price equalization cannot be achieved in the presence of transportation costs." Agree? Disagree? Explain.
Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances.
If fixed costs dropped to $0, or increased to $1billion, how would it change the firm's output and price?
For each case, determine who should specialize in producing squashes and then suggest an exchange rate for squashes and turnips that will benefit both Joan and Terry.
Find out the Marginal Revenue and Marginal Cost
Why should firms in the airline industry pay more attention tomacro-economic business environments? (Use either U.S. airline carriers and/ or companies.
You work for a consulting firm whose primary objective is to help businesses improve their strategic operations. Your firm recently was hired by a newspaper.
Describe the germinal center responses. Why are these responses important? Why are T cells important in germinal center responses? (immunology)
Compare the political scientist's view of government and economic policymaking and the Public Choice conception of politicians, bureaucrats and special interest groups in the political process. Which do you consider to be more realistic for underst..
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