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Suppose firm 1 has 20% market share, firm 2 has 20% market share, firm 3 has 15% market share, firm 4 has 10% market share, firm 5 has 7% market share, and firm 6 has 3% market share. What is the concentration ratio (CR4) of this industry?
The president of the World Bank has asked you to calculate the average per capita GDP growth in Bulgaria from 1970 to 2010. In 1970, per capita GDP was $3,600 and in 2010 it was $13,500. Your answer would be:
After the horrific terrorist attacks that occurred in the United States on 9/11/2001,a PR firm represented the Allied Pilots Association in that organization's campaign to gain airline pilots the right to carry guns in the cockpit. What type of resea..
Along a short-run aggregate supply curve, a decrease in the price level means that
The equation for a demand curve has been estimated to be Q = 100 - 10P + 0.5Y, where Q is quantity, P is price and Y is income. Assume P = 7 and Y = 50.
Suppose tariffs of $2 were imposed. Calculate the effect on producer surplus, consumer surplus, government revenue and the deadweight loss.
Using the formula for β^1 and β^0, show what will happen to the estimator of the slope and intercept in the SLR model if y is multiplied by the constant k, and at the same time x is multiplied by the constant m.
Use the concept of (a) substitutes in production versus pure complements in production and (b) gross substitutes versus gross compliments to asses the likely impact of the rapid decline in the price of computers and relate office equipment on the lab..
Do the relative salaries of humanities professors and football coaches at major state universities reflect the relative value of football and humanities? Do they reflect the number of years that professors and coaches must spend acquiring an educa..
Your firm is considering a potential investment project, and your finance group has prepared the following estimates: and NPV of $10 million if the economy is strong (30% probability), and NPV of $4 million if the economy is normal (50% probability a..
You want to retire in 35 years. The Actuarial table indicates that your anticipated years in retirement will be 20 years. If you anticipate the return on your investments will be 5% and you wish to get $100,000 per year in retirement, how much money ..
What features do you think need to be reviewed to ensure that the possibility of a Cloud breach is minimal?
Suppose that, over the short run (say, the next five years), demand for OPEC oil is given by Q = 57.5 - .5P or, equivalently, P = 115 - 2Q. (Here Q is measured in millions of barrels per day.) OPEC’s marginal cost per barrel is $15. What is OPEC’s op..
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