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Suppose that you are the economic advisor to a local government that has to deal with a politically embarrassing surplus that was caused by a price floor that the government recently imposed. Your first suggestion is to get rid of the price floor, but the politicians don’t want to do that. Instead, they present you with the following list of options that they hope will get rid of the surplus while keeping the price floor. Identify each one as either could work or can’t work. a: restricting supply b: decreasing demand: c:Purchasing the surplus at the floor price
Consider the following statements on the basis of positive economic analysis that assumes ceteris paribus. Liston other thing that might change and thus alter the outcome stated.
q1. what is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit?
Discuss the advantages and disadvantages of using divisional profits as the basics of incentive compensation for fivision managers compared to using company profits as the basis.
For each one of the costs below, explain whether the resource cost is explicit or implicit, and give the annual opportunity cost for each one. Assume the owner of the business can invest money and earn 10 percent annually. A computer server to run th..
Does the company behave like a monopoly or more like a competitive firm? Has the monopoly been cited for monopoly behavior?
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
A stakeholder is anyone:
q1. assuming the abc bank has excess reserves of 5000 it could prudently expand its loans by a maximum of?q2. the
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
If this speculation proves to be reality could it put the brakes on rising living standards around the world as well as have negative ramifications for the United States?
Indicate three possible adjustments that you would make in order to function as a MNC manager in Saudi Arabia. Indicate one adjustment that you would not be able to make. Would you promote Saudi women as managers in your MNC.
Use the Capella University library to find a journal article that examines a quantitative study (not a qualitative study). Post a link to the article. •Provide an example of the statistical language used and one result using APA style, and then trans..
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