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Daniel's consumption of pizzas drops from 6 to 4 per week when the price rises from $9 to $11. What is the price elasticity of deman for pizza
q.as per milton friedman business has only 1social responsibility to create profits as long as it stays within the
Reflect on the notion of fiscal union within the European Union. Why is it becoming necessary? Can it be achieved quickly enough to avert financial disaster within the trading bloc?
Name some goods or services that are traded internationally. Name some goods or services that are not traded internationally. What are some differences between goods and services that are traded and goods and services that are not traded?
Two firms, A and B, engage in Bertrand price competition in a market with inverse demand given by P = 12 - Q. Firm A has a higher marginal cost: cA > cB . Whenever a firm undercuts the rival’s price, it has all the market. If a firm charges the same ..
Write a brief note on Economies and Diseconomies of Scale.
The earnings are expected to grow at 10% for 1 year and then 4% indefinitely. Given that the required rate=13%. What is the market price?
Cloud Computing is a very important element in computing when it comes to data storage. Write a report on Cloud Computing clearly explaining it in detail and what in entails.
Consider an offshoring model in which Home’s high-skilled labor has a higher relative wage than Foreign’s high-skilled labor and in which the costs of capital and trade are uniform across production activities. Will Home’s offshored production activi..
How might warranties and guarantees address the economic information problem of efficient risk sharing caused by moral hazard and adverse selection?
The relevant cost in economic decision-making is the opportunity cost of the resources rather than the outlay of funds required to obtain the resources.
Find the current exchange rates online and post the current exchange between the U.S. dollar and any other currency. Briefly describe what has happened over the past year between the two.
Bob’s lawn-mowing service is a profit-maximizing firm operating in a perfectly competitive market. Bob mows lawns for $27 each. His total cost each day is $280, or which $30 is a fixed cost. He mows 10 lawns a day. What are Bob’s decision rules about..
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