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Q. An economist claims, depends on an econometric study, that high profits in a certain industry are explained by that industry's high Herfindahl- Hirschman Index (HHI). If you felt, based on your knowledge of the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study?
Max enjoys snorkeling and wind surfing. Max has $35 a day to expend also he can expend as a lot time as he similar to on his leisure pursuits. The cost of renting paraphernalia for wind surfing is $10 an hour and for snorkeling is $5 an hour. The table shows the total utility Max gets from each activity. Total Hours utility from utility from per day windsurfing.
1 120 402 220 763 300 1064 360 1285 396 1406 412 1507 422 158
Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.
Rick Nash, a player for the Columbus Blue Jackets hockey club earned $5.25 million this year. The CPI for this year is 225, base year 1983. If Rick were to maintain his current purchasing power how much would he have earned in 1983?
Solve the firm's short-run cost-minimization when capital is fixed at a quantity of 5 units (i.e. K ? = 5). Derive the equation for the firm's short-run total cost curve as a function of quantity Q and graph it together with the long-run total co..
The nominal interest rate is 12% compounded semi-annually. What single amount on July 1, 2015 is equivalent to this cash flow system?
illustrate why lower taxes in the current period but higher taxes in the future may make some consumers better off.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
an across-the-board tax reduction in income tax rates or a package of tax-relief measures that would give every household a $200 tax rebate and allow them to deduct the interest they pay on credit card purchases?
Illustrate what is profit-maximizing level of price and quantity for this monopolist. Illustrate what will profits be at this price and output level.
From Strategy A if the second firm reacts with strategy D. On the other hand, firm 1 may follow strategy B which could return profits of $8mil. Or $9mil. If firm 2 reacts with strategy C or D respectively.
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000. Elucidate what was real GDP in 1999 measured in 1996 prices.
explain why does not just one state produce all of the orange juice for the U.S. market? Can you answer this question without the simulation.
Do you agree or disagree with the statement which: A monopolist always charges the highest possible price.
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