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"If you were seeking out a trading partner, would you choose someone whose tastes are similar to yours or different? Explain your answer.''
(a) Are lower airline fares at midweek an example of third-degree price discrimination?
An unusually cold January in Florida destroyed entire fields of tomatoes. Florida’s growers are shipping only a quarter of their usual 5 million pounds a week. The price has risen from $6.50 for a 25-pound box a year ago to $30 now. - Source: USA Tod..
Write a two- to three-page paper (600 words minimum) examining perfect competition in the value-menu fast-food restaurant business. Address the following questions in your paper: What are the characteristics of perfect competition? Why does this type..
Government sometimes provide subsidies to specific industries; that is, they reduce a domestic firms cost so that it can sell products on the international market at a lower price. What reasons do governments use for these government subsidies?
Alfred, Beth, and Charles orally agreed to start ABC Computers (“ABC”), a business to manufacture and sell computers. Alfred contributed $100,000 to ABC, stating to Beth and Charles that he wanted to limit his liability to that amount. Charles later ..
Next, explain how this theory explains all three empirical observations(Preferred Habitat Theory). Interest rates on bonds of different maturities move together over time.
Suppose that there are 100 workers in the country (50 women and 50 men), they are each paid $10 an hour, and the tax rate is 25%. What tax revenue is collected? What is the deadweight loss associated with the 25% tax on labor incomes?
discuss the major barriers to entry into an industry.explain how each barrier can foster either monopoly or oligopoly.which barriers , if any do you feel give rise to monopoly that is socially justifiable
The United States is a large open economy with a trade deficit. Use the appropriate graphs to illustrate and then state what the equal increases in taxes and government purchases would do to each of the following in the long run: national saving, the..
Suppose two competing stores each announce a "low price guarantee", meaning that each store would match the prices of the other store of they were lower. Does providing this guarantee masks it easier or more difficult to overcome the prisoner's dilem..
When the variable cost is reduced (assuming linear total cost and linear revenue functions), the breakeven point decreases. This is an economic advantage because: An analyst conducting an economic analysis used an inflated interest rate of 16% per ye..
Create and execute a SELECT statement that would provide data for a vendor directory. Display should include customer number, customer name, street, city, state, zip code. Concatenate the address elements to look like ‘7440 Junction Road Sacramen..
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