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Discussion: "Monopolies and New Entrants"
Snack food venders and beer distributors earn some monopoly profits in their local markets but see them slowly erode from various new substitutes.
When California voted on legalizing marijuana, which side would you think that California beer distributors were on? What about snack food vendors? Why?
Consider the utility function of U=9FC^2. the marginal utilities are MUf=9C^2 and MUc=18FC. What is the formula for the demand curve for F if income is $200 and the Price of C=$20. Graph the demand curve.
Why has the provider of choice shifted from rail to motor modes? With the shift to motor freight carriers, the amount of traffic accidents have sky rocketed.
your companys executive vice president circulates a memo to the firms top management in which he argues for a reduction
What are two arguments against productivity growth as an explanation of the large U.S. current account deficits.
Explain the difference among the seasonal, the frictional, the structural, and the cyclical forms of unemployment.
An article in the Economist magazine contains the following description of the "classic adverse selection spiral": "because [health insurance] premiums go higher, healthy people become even less likely to buy insurance, which drives premiums high..
When the money market (in the model of liquidity preference) is drawn with the value of money on the vertical axis, the general price level increases if
Find linear demand and supply curves that are consistent with this information and how would the equilibrium price of ethanol motor fuel in the first half of 2008 compare to the price in 2007?
Discuss the differences between accounting profit and economic profit. What does it mean when a company makes zero accounting profit? How about zero economic profit?
Identify cultural and legal factors that might influence promotional decisions - both in announcing the acquisition within the region and recruiting new students to the institution.
Econ 111 - Principles of Economics - Accelerated Treatment - Spring 2013 - First Midterm Examination. If Jim's income goes down, his optimal consumption changes from point A to point B. What type of goods are cheese and milk for Jim? Briefly, why
Ace Bakery charges competitive prices for their specialty cakes, even though it has no competition. This is most likely because:
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