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Question: In the middle of the twentieth century, major U.S. cities had multiple competing city bus companies. Today, there is usually only one and it runs as a subsidized, regulated monopoly. What do you suppose caused the change? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
Suppose the Demand for baseballs is given by Q = 240 – 8P. What is the price elasticity of demand when P = 6? At what price will Total Revenue be maximized?
What does the Justice Department mean by "substantial and credible efficiencies," and how might they benefit U.S. consumers? Why would a merger between two large airlines not be "likely to substantially lessen competition"?
In a hypothetical economy which is initially in equilibrium, the consumption function is: C 100 + 0.8Y. What is the actual equilibrium level of income?
Market demand is p = 540 - q and the market supply equation is p = 60 + 2q. Use this data for the following questions. (The question is in bold bellow) The competitive equilibrium is:? Consumer surplus at this competitive equilibrium is:?
At its current short-run level of production, a firm's average variable costs equal $15 per unit, and its average fixed costs equal $25 per unit. It's total costs at this production level equal $800.
The demand curve for gardeners is Ed = 39 - 2w, where E = the number of gardeners, and w = the hourly wage. The supply curve is Es= 4 + 3w. What is the equilibrium wage and equilibrium number of gardeners hired? How much does the government receive a..
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for..
A winner of the Pennsylvania Lottery was given the choice of receiving $18 million at once or $1,440,000 per year for 25 years. If the winner had opted for the 25 annual payments, how much in total would she have received?
Illustrate the social budget constraint. Show and explain at least one of Rawlsian and utilitarian indifference curves and label socially optimal allocations.
What specific features and benefits your product provides to the intended target market. A description of aesthetics, packaging, labelling, or look of product.
Are innovative product and service offerings ethically neutral? Consider Napster and the intellectual property issues associated with swapping music over the Internet as an example to begin the discussion.
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