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What are the characteristics of an oligopoly? Using the concept of duopoly and the price leadership model, discuss demand and pricing strategies in an oligopolistic market structure.
Which of the two units would you recommend ? What initial cost of machine A woul make the two machines identical in overal cost?
Illustrate the price that consumers are willing and able to pay for this output is $40 per unit. Produces this output, the firm's average total cost is $43 per unit, and its average fixed cost is $8 per unit.
Illustrate what trends did Nokia pursue as it designed mobile phone products in the late 1990's.
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.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
This means that there is a bigger shortage or excess demand than there otherwise would be. Illustrate what is your view of the law forbidding the sale of human organs.
What if you knew that in Firm A the quantity of labor demanded is 15,000 when the wage is $11 and 17,000 when the wage is $8.
Illustrate what price do you think this firm should charge if it wants to maximize its short-run profit.
Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil.
Damage to the parked car was $5,400, and damage to the store was $12,650. What amount will the insurance company pay for the damages. What amount will Kurt have to pay?
Does the nominal interest rate adjust more than one-for-one or less than one for one to expected inflation.
How does the government decide on the amount of pollution to allow? What are the potential costs and benefits associated with the regulation of pollution? What are the potential problems associated with employing outright regulation to deal with poll..
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