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Think of a product or service that you purchase. Consider the attributes of the product and think about the number of businesses that offer it. If the industry is categorized as being in or near the "perfect competition" end of the market structures continuum, you will have many choices when you make your decision when and where to purchase. Search the news for stories about a product you purchase or one that you may purchase in the near future. Based on economic theory, what do the media have to say about your chosen product? IN THE NEWS: Select a news story from one of the following Internet news organizations. CNN Money USA Today Money Wall Street Journal Market Watch Wall Street Journal Economy NY Times Business Day Reuters Economic News Yahoo Economic News NPR Economic News Forbes Economic News The Economist
•Do not copy and paste directly from the article except for small quotes that help explain your summary. Use quotations marks for anything that is directly from the news story. •Include the EXACT URL that can be clicked to directly retrieve the news story you selected at the end of your paper for citation purposes. NOTE: This is NOT the link to the news organization. The URL must retrieve the actual news story.
Identify specific examples of prominent computer hardware and software technological advances in the industry. Discuss two of the following points and apply that to your example. • What is the effect of new technology on firms in the industry in th..
Explain the connections that exist between female labor force participation and divorce. Use your analysis to predict the patterns of divorce and female labor force participation over the next decade.
The box industry was perfectly competitive. The lowest point on long run average cost curve of each of identical box producers was dollar four, and this minimum point occurred at an output of 1,000 boxes every month.
Work decisions are based upon a comparison of priviate cost and the private benefit. The external or spillover benefit of someone doing additional work is measurable for society as the change in?
in 2008 the debt of canadian households rose much faster than their wealth as stock markets corrected and the
1. describe and explain the budget constraint. how does a consumer maximize utility under a given budget constraint?
Using aggregate demand, short run aggregate supply, and long run aggregate supply curves, describe the process through which each government policies will move economy from one long run macroeconomic equilibruium to another.
Future economic glowth
How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quantity sold? Evaluate the impact of such a price cut on(i) total revenue, (ii)total costs, and (iii)total profits.
Assume there're three firms with the same individual demand function. This function is Q=1,000-40P. Assume each firm had the diffeerent cost function these functions are: Firm 1: 4,000+ 5Q
use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and
Compute the Modified BCR for MM. Compute the Modified BCR for PP. Which alternative should NJGSP choose and why?
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