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1. Assume that you were ready to buy a custom tailored dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100.
When you arrive at the tailor shop, the posted price for the item is $150. Discuss how this scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decisions
2. Discuss any recent purchases you have made and for which you feel that a similar rational seemed to be at work.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
Elucidate what does either player have a dominant strategy. Explain is there Nash equilibrium in this game.
q.pretend you were hired to lead the presidents council of economic advisers in 2009. using the macroeconomic
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Sharp Company's records show that overhead was over applied by $10,000 last year. This over applied manufacturing overhead was closed out to the Cost of Goods Sold account at the end of the year.
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
Illustrate what is that technology and how does it change the marginal and average product. Please list any sources used.
suppose that the other firm holds its rate of output constant, solve for the optimal output of each firm. What is the total profits of the two firms.
How do venture capital boards differ in composition from the boards of companies that have been bought out and why would a board have special voting rights? How do these address some of the basic tenets of private equity?
When a country, say Greece, adopted the Euro as its currency, what happened to the debt that was based on the Drachma? Was it converted into Euros?
The interest rates on corporate bonds and government bonds of the same maturity tend, usually, to move together-increasing at the same time and decreasing at the same time. what could explain that fact?
Illustrate what would occur to the level of domestic investment.
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