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Question1. Assume government forced a minimum wage above what otherwise would be equilibrium wage rate for this segment of the labor market. Use a supply and demand framework of analysis, what do you expect to happen to employment in this segment of the labor market? [Suppose that inflation and economic growth are both zero.]
Question2. If you were an economist for Mattel, manufacturer of doll Barbie, which was making an unsolicited bid to take over Hasbro, manufacturer of G.I. Joe, would you argue that relevant market is dolls, preschool toys, or all toys including video games? Why? Would your answer change if you were working for Hasbro?
Question3. In what market did Microsoft have a monopoly in the late 1990s? What technological advances threatened that monopoly?
Given a uniform rate of interest of 9% and a uniform life of the projects of 10 years each, calculate the NPVs of each Project. Should we choose Projects A, C, D or Projects A, B, D. Describe
You're the manager of monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q)=50+8.5Q2 (That's Q squared).
Assume that the demand and supply functions for good X are as follows: What is the equilibrium price and equilibrium quantity?
Could you identify and describe the concepts of scarcity and opportunity costs. Also, explain the laws of supply and demand and how they are related to the concepts of scarcity and opportunity costs in decision-making.
Explain what happens to the primary deficit in year t if the nominal interest rate in year t increases to 17%.
Assume you're in charge of the toll bridge that essentially cost free. The demand for bridge crossings Q is given by P = 60 - 2Q. Draw a demand curve for bridge crossings
Please explain why international strategy is important. What is the difference between domestic and international strategic planning?
The output effect of an increase in the wage comes about because higher wages:
Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?
Prepare your slides as soon as you have a good final draft. Preparing the slides will help you see any weaknesses in your paper.
Assume there're three firms with the same individual demand function. This function is Q=1,000-40P. Assume each firm had the diffeerent cost function these functions are: Firm 1: 4,000+ 5Q
Demand estimation and forecasting and income elasticity of demand
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