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1. If the position of the demand curve for digital rock music albums unchanged, what can account for a continuing rise in the market clearing price?
2. If your answer to Question 1 explains why album prices have been rising what can you predict is likely to happen to revenues from albums in the near future?
3. How could the receipt of new information about health implications of foods, tobacco and alcohol affect a customer optimum?
4. Other things being equal, would a customer optimum change if the prices of all items consumed rise at an identical rate? Describe.
5. Why do you suppose that a brand-new firm rarely begins as publicity held corporation?
6. How might tougher regulations and higher tax rates dissuade establishment of new business proprietorships and partnerships?
If Apple iPod only played iTunes, and iTunes only could be heard on the Apple iPod, could Apple price the technologically integrated bundle any way they wanted?
Give at least three reasons and examples when addressing this question, using your text, the Online Library, and the Internet as resources. Identify an event that would shift the AD curve and which direction the AD curve will shift.
What is the relationship between economies of scale and a natural monopoly? What is simultaneous consumption and how does it affect economies of scale? What are network effects and how do they contribute to economies of scale?
For every penny that the price of gasoline goes up, the U.S Postal (USPS) service experiences a monthly fuel cost increase of $8 million. State what assumptions you need to make to answer this question
The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the dangers of cigarette smoking
You need to analyze for a hypothetical example whether John Deere should use Technology 1 (Own Production), Technology 2 (Versatile), or whether it should stop producing four-wheel-drive tractors based on the quantity the company predicts it woul..
Jay's Silk Printing Co. is located in a small university town. The major portion of their business is custom printed sweatshirts for university bookstores. As a sideline, they also retail sweatshirts locally. The local demand for sweatshirts is: Q..
Consider the market for bicycles. The Total Cost function is given by TC = 100 + 10q + q2 and there are 20 firms. The demand function is given by P = 120 - q. However, there are significant externalities to the production of bicycles. The governme..
Take a stand on whether or not it would be easier for the Federal Reserve to expand the supply of money in a period of prosperity versus in a period of recession.
1. Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. In a paragraph, what are the efficiency and equity effects of introducing a voucher system likely to differ across these ..
Critique each of these four approaches by listing the advantages and disadvantages of each.
How much aluminum oxide and how much carbon are needed to prepare 644 g of aluminum by the balanced chemical reaction (below) if the reaction proceeds to 78.8% yield?
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