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What is the goal of anti-trust policies?
How is a four-firm concentration ratio measured?
What does a high measure mean about the extent of competition?
Suppose someone is caught committing a crime. Suppose the judge can either given the criminal a fine or a jail sentence. The criminal is indifferent between the two punishments. Does each punishment have the same opportunity cost to society?
q.assume that omar s marginal utility for cups of coffee is constant at 3.5 units per cup no matter how many cups he
Levi's preferences are defined over left shoes and right shoes (xL , xR). Write down a plausible utility function for his preferences. Plot the consumption bundle (3,2) and the indifference curve on which it resides. What is Levi's Marginal Rate of S..
Which of the following best describes the cause-effect relationship among macroecomic variables?
The following is a dialogue between two economics students who are studying for a test. Assuming that Eileen correctly explains the money supply
Horizontal and vertical analysis of the income statements for the past three years (all yearly balances set as a percentage of total revenues for that year). Values should be expressed as percentage of Total Revenues for the year. Ratio analysis (eig..
An eccentric scientist invents a very useful gadget and makes huge profits. Unfortunately, he is so preoccupied with his newly found fame and fortune that he forgot to secure a patent for his special product. What can be expected to happen to the sup..
Describe the characteristics of each of the following trade blocks. Be certain to explain the ways in which they are the same and the ways in which they differ.
Many television shows, movies, and songs can be downloaded for free on the Internet. Much of this material is copyrighted and was expensive to produce. Much of it is available for a fee through a legitimate site. Should you pay to download an episode..
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for hours and spend A dollars advertising, your benefit (the amount you revive when you sell your car) is B(H,A)=220H-H^2+2A. Both H and A ar..
Describe some of the costs of Production in relation to micro economics.
Cute Camel Company is a small firm and several of its managers are worried about how soon the firm will be able to recover its initial investment from Project Delta's expected future cash flows. How much value does the discounted payback period metho..
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