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Which one of the following is true?
a. Nike has a less elastic demand curve than shoes.
b. Cigarettes have a more elastic demand than televisions.
c. Salt has a less elastic demand than ice cream.
d. The demand curve for gas is more elastic in the short-run than in the long run.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
How can managers deal with these problems? If a US corporate headquarters asks a manager to offer kickbacks or other bribes, what are the options?
Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following:
What should the government limit the number of auto and parts makers, the competition for would be limited. Please explain more on this subject.
Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why?
Coke also Pepsi have their market dominance for nearly a century. General Motors also Ford have been hard hit by competition.
Explain how do you suppose the tickets were rationed. Sketch supply and demand curves for the tickets to each of the two games.
Ilustrate what is the marginal product of capital and labor. Does the answer depend on how much labor and capital are used.
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
Illustrate what are the net benefits of this program. What would the net benefits be at a discount reate of 2 percent.
Elucidate briefly in what way the HOV, or factor content theorem, extends the standard HO model.
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