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Assume that you get a summer intern job and a recession start while you are there. Prepare a memo to your boss, who is a member of Congress, on pros and cons of a big highway building program to combat the recession.
Write down the some real-life examples of monopolistically competitive, oligopoly, and monopoly markets.
Find Total Revenue or profit
Graph the demand and supply curves. What is the equilibrium price and quantity in this market and if the actual price in this market were above the equilibrium price, what would drive market toward the equilibrium?
Discuss if you agree or disagree with this statement and explain your position: Market equilibrium (price and quantity of equilibrium) is just a theoretical result.
Give a definition of Pareto Optimal Allocation in this economy. Find out all Pareto optimal allocations and graph them in the Edge worth Box and also describe what is the theory of Second Best? Prove the theorem by using a diagram.
How foreign direct investment influences the wages
Describe the importance of cost of capital with respect to the actual financial problem of most manufacturing companies.
What was the Neolithic Revolution. Explain
A firm sells specialized electronic computers. Each of the computers has a unique chip produced at a California plant at cost of Cw(Qc)=Q^2 c
Determine how global competition impacts FORD. Should the organization/industry continue, expand, or reduce current operations in order to maximize profits? Explain your reasoning.
Assume the demand curve for a monopolist is Qd=500-P, and the marginal revenue function is MR=500-2Q. The firm has a marginal and average total cost of $50per unit.
When measuring costs, it is important to keep in mind of one of the Ten Principles of Economics: The cost of something is what you give up to get it.
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