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Generally speaking, higher income countries tend to have less income inequality than low-income countries, however this does not always hold true. What could cause a low-income country to have low-income inequality?
Antitrust authorities at the Federal Trade Commission are reviewing your company’s recent merger with a rival firm. The FTC is concerned that the merger of the two rival firms in the same market will increase market power. A hearing is scheduled for ..
Consider the utility function U = x^a + ay. a = alpha. What is the optimal combination of x and y? Solve for the indirect utility function.
Elucidate why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power.
On an international flight, you happen to sit across from the UN Secretary-General Ban Ki-moon (you were upgraded at the last minute). In casual conversation, he finds out that you have taken a course on Economic Development at the college level, and..
A local car wash charges $3.00 per wash or the option of $12.95 for 5 weeks payable in advance with the first wash. if you normally wash your car once a month, would the option be worthwhile if a minimum attractive rate of return 29% compounded annua..
A franchise restaurant chain is considering a new store in an unserved part of town. Its finance group estimates NPV of $10 million if the population growth is 10% (40% probability) an NOV of $4million if the population does not grow (30% probabil..
What is the purpose of an AUP policy? What is the purpose of a comprehensive policy?
After graduation, you have been offered an engineering job with a large company that has of?ces in Tennessee and Pennsylvania. The salary is $55,000 peryearateitherlocation.Tennessee’s tax burden (state and local taxes) is 6% and Pennsylvania’s is 3...
Consumer demand for oil—including oil in the form of both gasoline and home heating oil—is fairly inelastic in the short run and more elastic in the long run. In the short run, will a shift in the supply of oil (say, caused by a disruption in Mideast..
Imagine a waste processing plant that is causing air pollution (measured in tons per year), and has marginal abatement costs given by MAC1 = 100 – 0.005E1. What level of emissions will the waste plant choose?
Suppose there are two identical firms producing Kale Pops, Anvil and Bale. They both have the same constant marginal cost of production of $2 and face the market demand curve Qd= 100-P. Each firm knows everything about each other. What will the other..
How will you ensure that the Minority influences the Majority to develop a group that has the ability accept each other opinions and not create conflict? Explain the differences between real conflict and symbolic conflict. Prepare a response to imp..
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