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When looking at firms, you will find that the level of competition is very important. How do you think that firms will change decisions that they have to make based on the barriers for these firms?
You are in a meeting about the price strategy to adopt for a product your firm is about to introduce into a new market. Jack says, “We should use price skimming.” Jane says, “We should use penetration pricing.” What assumption is Jack making about th..
As the economy emerged from the most recent recession, household income rose by 6%. Over the same period, total expenditures on beef increased by 3%. Assuming that all other economic variables were held constant,
What's the point of creating new bills with more security measures to prevent counterfeiting? If the old bills are still acceptable as currency, why would anyone even try to counterfeit new banknotes with all these security features?
Barbara’s utility for 2 goods X and Y is given by U(x, y) = x^0.6y^0.4. Let I denote income and px and py denote the prices of good X and Y respectively. What is Barbara’s gain in consumer surplus if price of good X decreases from $20 to $15
Explain how are protectionist policies from other nations predicted to affect China's relative supply and relative demand.
Suppose there are 3 people who can consume apples and oranges. There is a total endowment of 20 apples and 10 oranges. Individuals A and B get no oranges nor apples and C gets all of them. Is this allocation necessarily Pareto Efficient? Why or why n..
q.this question uses the general monetary model where l is no longer assumed constant and money demand is inversely
Globalization has pulled hundreds of millions of people out of poverty in China and India. How should that gain be weighed against the structural changes that globalization requires in the United States? Should there be a safety net for those most hu..
This problem explores the issue of truthfulness in the Stable Matching Problem and specifically in the Gale-Shapley algorithm. The basic question is: can a man or a woman end up better off by lying about his or her preferences? More concretely, suppo..
Assuming the classic supply and demand model applies to the market in italics ,graphically illustrate how the following events would impact the market. Be sure to note the specific DETERMINANT that aided you in your graphical analysis. Annie Vance Wi..
Suppose the real interest rate is 3%, the real growth rate is 2%, the money multiplier is 4, banking innovations are decreasing the demand for money by 1% per year and the money supply is growing at 10% per year. What should be the price of a T-bill ..
The probability of worker’s being fired from or quitting a particular job in any unit of time is represented by Q=a-bT-cT2. Where Q is the probability of leaving a job and T is the length of time the worker has held that job. Explain what this says a..
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