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There are literally several elected officials across the U.S. at the local, state, and national levels. The 2-major political parties remain as important to election and reelection of public officials today as ever before. What impact have political parties had upon relations not only between the state and federal government, but also between state and local governments? Do you think that the Federalists or anti-Federalists took into account the power of political parties and their arguments? Overall, do you believe that the political parties have been helpful in defining roles of federalism, or have they complicated the relationship between different levels of government?
What key economic concepts underlie the employ of discount coupons by businesses?
You're the manager of monopoly that sells the product to two groups of consumers in different parts of country. Group 1's elasticity of demand is -2, while group 2's is -6. your marginal cost of producing the product is $10.
Compute the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 GPA rather than a 2.0 GPA. Find out opportunity cost of an increase in income from $100 to $150.00
The industry has been very fragmented, so that few companies have the financial backing to make heavy investments in new technology and equipment.
Briefly discuss whether this problem provides enough information to determine whether the equilibrium price and quantity of trucks increased or decreased.
Suppose a firm in the short run under perfect competition with P=250, TC=1,000 + 100Q + 2.5Q^2 , and MC=10+5Q-Find out the level of output that the firm needs to produce to maximize profits?
Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information
Describe how market structure affects market performance and conduct. Recognize three types of government regulation that aid to enhance market performance
Jeans and alligator or animal shirts: The plain pocket jeans and the Lacoste knockoffs often cost 40% less than brand-name items, yet the knockoffs are essentially identical to the brand-name items.
What are some of the ethical dilemmas encountered by traders in their pursuit of profits for both their company and themselves?
How would government react to sudden, large changes in the price of a key commodity, such as gasoline, electricity, or prices on stocks on the New York Stock Exchange?
Each instance which follows is an example of one of four types of market failure (imperfect market structure; the existence of public goods; the presence of external costs and benefits; and imperfect information).
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