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Rank the market structures from LEAST efficient to MOST efficient.
A. Perfect Competition, Oligopoly, Monopoly, Monopolistic Competition
B. Oligopoly, Monopoly, Monopolistic Competition, Perfect Competition
C. Monopoly, Monopolistic Competition, Oligopoly, Perfect Competition
D. Monopoly, Oligopoly, Monopolistic Competition, Perfect Competition
Can an individual be both pro-union and pro-employer, or does being pro-union mean one has to be anti-employer? Can an individual be anti-union and still legitimately claim to support pro-employee interests?
q.problem 1 use 2 goods to construct a production possibilities curve. explain what a variety of different points on
When prices are (P1, P2)= (1,2), the consumer demands (X1, X2) = (1,2). When prices are (Q1, Q2) = (2,1), the consumer demands (Y1, Y2) = (2,1). Is this consumer behaviour consistent with Weak Axiom of revealed preference? Calculate the own price ela..
Think of a strategy pursued by the company your work for or another company. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable in the ..
In each of the following situations, the possible bundles contain apples and oranges and either 0, 1 or 2 of each. An example bundle would be 2 apples and 1 orange = (2, 1). In each part, there is a description of a set of preferences. In bundles wit..
What happens to the money supply, interest rates, investment spending and GDP. Describe the impact of rational self-interest on each.
On a sparsely populated island, high-speed Internet service would have a _____ marginal utility than in New York City, while in New York City quiet evenings would carry a _____ marginal utility than on a deserted island.
Which of the following is true for a market with no externalities under perfect competition? Which of these is a property of public goods?
Using appropriate diagrams and notations,carefully explain the relationship b/n elasticity, total revenue and marginal revenue. 2,discuss the uses of elasticity of demand.
Government expenditure and investment has remained fairly constant as a fraction of GDP since 1950, even as transfers have risen. Most of state government revenue comes from the income tax, and most state and local government income comes from the sa..
We grow wheat that sells for $40,000. The wheat is milled into flour that sells for $55,000. The flour is used to bake bread that sells to consumers for $90,000. If nGDP is $9000 billion while rGDP is $12,000 then the GDP deflator is...
Name and discuss the four major theories that address the term structure of interest rates. In your discussion, indicate the strengths and weaknesses of each of the theories and which theory or theories appear to be the best accepted as explanations ..
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