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Describe, using the terminology of economics, how customers should decide how many pieces of pizza to eat.
Why does the government grant patents to companies that research new drugs?
A monopolist will sell less at a higher price. A monopolist has marginal revenue that is less than the price. A monopolist will produce where MR = MC. A monopolist is a price taker.
Was innovation accelerated or suppressed by the government monopoly granted to Fulton? Why? How did innovation change after the monopoly was broken?
The city council of a small college town decides to regulate rents in order to reduce student living expenses. Suppose the annual market clearing rent for a two bedroom apartment has been $700 per month and that rents were expected to increase to $90..
Give two main reasons that Canadian prices for generic pharmaceuticals are higher than real acquisition prices and explain why these factors contribute to higher generic drug prices and any solution for this problem?
How does the health of the economy affect your financial health? How healthy is the U.S. economy right now? On what measures do you base your judgments? How will your appreciation of the big picture help you in planning for your future?
Illustrate what are the optimal prices for each product if you sell these products separately. What are your firm's profits. Explain.
question 1. pick a country and talk about the products they import and export with the u.s.a. also talk about the
Why does seasonal or cyclical variations matter in estimation models? What is time series model and why is used?
An unusually cold winter will mean consumers will demand more wool sweaters. What will happen to the demand curve? What will happen to the supply curve? What will happen to the equilibrium price? What will happen to the quantity sold?
utility refers to the satisfaction or fuzzy glow derived from consumption of goods. utility and usefulness are synonymous (i.e., they have equivalent meanings). a good may yield utility when acquired but not be functionally useful.
What is an open-end mutual fund? What determines the value of these funds? Why might you buy a no load mutual fund instead of a load fund? Do load funds perform better than no load funds? Explain the meaning of net asset value (NAV) per share for mut..
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