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If many firms enter the computer software industry and bid up the price of programmers, then Select one: a. the long-run industry supply curve will slope down. b. the SRATC will shift down. c. the long-run industry supply curve will slope up. d. The average fixed cost curve will slope up.
Explain how information systems help companies develop competitive strategies using the Value Chain Model, the concept of synergies, core competencies, and Porters Competitive Force Model.
Illustrate what do the nominal interest rate also the real interest rate that Whitney can earn. Whitney puts money in a savings account at her bank earning.
Suppose X - M = net exports; T - G = government sector balance; and S - I = private sector balance. What relationship exists among these variables?
The law of supply states that there is a negative relationship between price and quantity demanded. An increase in consumer income will affect the supply of any given product. Joint output of individuals or nations will be maximized when goods are ex..
In his will, a man wishes to establish a perpetual trust to provide for the maintenance of a small local park. If the annual maintenance is dollar 7500 per year and the trust account can earn 5% interest, how much money must be set aside in the trust..
It is noted in the text that the infant industry argument is more frequently used in developing countries than in developed countries. Why might this be the case? Does this necessarily have to be the case?
The government proposes cutting taxes on investment by implementing a credit for investment in information technology equipment. The proposal would reduce government tax revenues. Describe the likely impact on the bond market .
Why might two presidential candidates appear to have very similar opinions during an election year even if they come from different parties? Repablicans and Democrats usually agree on most issues
What is the shadow price of labor when output is maximized subject to a labor constraint? In a perfectly competitive market, what curve can be drawn from the firm’s short run supply curve? When demand is perfectly elastic, what portion of costs from ..
The exchange rate for Estonia is 14 krooni per dollar. The exchange rate for Uruguay is 10 pesos per U.S. dollar. First, recalculate both of these exchangers in terms of how many U.S. dollars per unit of foreign currency. Then calculate the exchange ..
"In a 2x2x2 Heckscher-Ohlin context, when a relatively labor-abundant country moves from autarky to trade, the real return to capital in the import-competing industry decreases and the real return to capital in the export industry also decreases."
What are the optimal penal codes if there are two firms, competition is Bertrand, marginal costs are equal, and capacity is unlimited? Explain why a firm might prefer a meet-or-release MCC to a no-release MCC.
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