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Q1. It may be argued that Japan's explicit promotion of its microchip industry was an excellent example of successful industrial strategy. Illustrate what criteria would you apply to conclude whether such a strategy is or is not successful? Judging from your own stated criteria, was Japan's exercise successful? Why or why not?
Q2. Give an example to illustrate Elucidate how raising children can represent every of the following: (a) constant opportunity cost also (b) increasing opportunity costs.
Q3. Given the same price elasticity of supply, sellers would be able to pass along the largest portion of a 10% tax on which item?
Find out the optimal price-quantity if the firm is not able to price discriminate.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Why might price collusion occur in oligopolistic companies. Evaluate the economic desirability of collusive pricing.
School tries to discourage Twinkie consumption by raising the price to $.40, by how much will Matt's mother have to increase his lunch allowance to provide him.
If instead the Fed wants to stabilize aggregate demand, how should it change the money supply..
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
By how much should domestic auto-makers increase the cost of automobiles if they wish to increase sales by 5 percent next year.
Review the biographies of each of the seven members of the Board of Governors.
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
Firms raise capital from investors by issuing shares in the primary markets
For the product is charging the most favorable price
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
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