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When will a firm find it easier to use direct price discrimination: before the existence of eBay or afterward? Why?
Minimum efficient scale will increase if fixed costs increase. With the opportunity for beneficial learing , a firm's lerning curve is upward sloping. The percentage change in profit that results from a 1% change in units sold equals margianl profit...
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. What is her AFC per poster (not per thousand!) if she prints 1,000 posters? What if she prints 2,000 poste..
Why would you choose moral objectivism over subjectivism? What is the difference between the two and what influenced your decision?
What claim does an employer have on a person's feeling, rights, and privacy? and what rights can an employer justified ably limit in the workplace?
Bayer Schering Pharma AG, Germany owns Alka-Seltzer, which was launched in 1931 and was meant for relief of minor aches, pains, inflammation, fever, headache, heartburn, sour stomach, indigestion, and hangovers. Alka-Seltzer Plus was a spin-off of th..
If income increases, then the. A decrease in the price of good Y will have what effect on the budget line on a normal X-Y graph? Suppose that consumers' preferences are well behaved in that properties 4-1-4-4 are satisfied. What are the advanta..
Consider an equilibrium in which someone is using the good. Is social welfare maxi- mized at this number of users, or would it go up if there were more users, or would it go up if there were fewer users? .
Describe the innovation life cycle proposed by Abernathy and Utterback. Does the model provide a useful tool to guide and manage the innovation process? Do you see any weak points in the model?
After watching the Seinfeld video clip rent control, What kinds of rationing mechanisms would develop to help allocate the few apartments that are available?
Describe the effects of tariffs not shown by partial equilibrium analysis. Explain how social, political, and economic institutions interact with one another. You may explain by using an example, if you wish
What happens when "imperfect market information"/"asymmetric information" between buyers & sellers occurs relative to adverse selection
If the Treasury has just paid for a supercomputer and as a result its deposits with the Fed fall, illustrate what defensive open market operations will the manager of the open market desk undertake.
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