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Rivalry is especial destructive to probability if:
A) It leads to lots of product features and hence higher costs
B) It leads to a focus on price
C) Leads firms to innovate heavily in an effort to differentiate themselves
D) All of the above
E) None
Pear Inc. is a monopolist producing the iWatch, a wristwatch mobile communication device. The iWatch is a device that will last for exactly two periods, after everyone will switch to Boogle Glass, a eyeglass mobile communication device that is not ye..
A firm has the production function Q=L times K. For this production function, MPL=K and MPK=L. The firm initially faces input prices w= $1 and r= $1 and is required to produce Q bar= 100 units. Later the price of labor, w, goes up to $4. Find the opt..
Identify one positive or negative supply shock in the last decade and what is the impact that the shock has had in our economy.
Discuss the current state of the Chilean economy by focusing on the recent past and macroeconomic characteristics
One day you arrive to discover that the coffee shop has changed its name to Five bucks and is now charging $5 per cup.
Elucidate when the monopolistically competitive firm lowers price from $16 to $12, how much does total revenue change.
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
Your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
Plot Vanessa's budget line by clicking on the two endpoints. The data-plotting tool will automatically connect the points with a line.
What is the equation for national saving? Calculate the equilibrium interest rate, aggregate level of investment in the economy, and the aggregate level of national saving. Illustrate in a diagram.
Students are required to write an essay on a significant, recent economic event or activity and discuss an economic activity or event of interest and apply it to theoretical models and economic laws introduced during your study of topics.
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