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What are FedEx’s core competencies? How might they lose their core competency and what do they need to do to hold on to it?
A price taking firm chooses its inputs to maximize short-run profits. Its Cobb-Douglass production function has the following form: q(L, K) = L^(1/2) K ^(1/3). Set up the profit function in terms of labor only. Another price taking firm chooses its i..
The supply and demand schedules for tickets to basketball games in town of Oakwood are given in the table below.
Which of the following is NOT a characteristic of equal potential GDP and real GDP?
How does the U.S. economy compare with other market capitalist economies with respect to its degree of industrial concentration and the nature of its antitrust policies?
Among which of the following could not bar entry into an industry. Firms prevent collusion among firms regulate natural monopolies correct the outcomes of positive and negative externalities in private markets.
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output. Assume all other things remain constant.
Elucidate the effects of monetary policies on the economy's production and employment.
Suppose that a car was produced but not sold in 2011. The car could still be sold in 2012. According to the book, the car would be counted as part of:
Identify two elastic and two inelastic goods that you have purchased in the last month and explain the main reason why you identified them as such.
Which of the following statements is consistent with what happened during the Great Recession? Identify whether the following statement is more likely to come from a classical economist or a Keynesian economist. “The recent decline in consumer confid..
What are the three functions of money? In your own words, explain why money is needed in a modern economy. Why would it be very difficult to get by without money?
You have $1000 to invest over an investment horizon of three years. The bond market offers various options. You can buy (a) a sequence of three one year bonds (b) a three year bond or (c) a two year bond followed by a one year bond. The current yield..
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