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Question: At a time when demand for ready to eat cereal was stagnant, a spokesperson for the cereal maker in Kellogg's was quoted as saying for the past several years, our individual company growth has come out of the other fellows hide. Kellogg's has been producing cereal since 1906 and continues to implement strategies that make it a leader in the cereal industry each company earns profits of $13 billion. if one company advertises and the other does not, the company that advertises earns $49 billion and the company that does not advertise loses $1billion. For what range of interest rates could these firms use trigger strategies to support the collusive level of advertising?
Explain some limitations of using GDP as an indicator of standard of living (be sure to do some research on your own to find any alternative measures).
Describe the differences between an inflationary gap and a recessionary gap.
Suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth? What groups in society would benefit from this change? What group might be hurt?
What is the quantity of rice demanded in the market (in metric tons) if the market price is $400 per metric ton
Airway Express has an evening flight from Los Angeles to New York with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers.
A car dealer leases a small computer with software for $5000 per year. As an alternative be could buy the computer for $7000and lease the software for $3500 per year.
Suppose the minimum average variable cost of producing a good falls due to technological improvements. Show in a diagram how this affects the supply curve of a typical competitive firm and the supply curve of all firms in the industry
ECON-363.F01L: Understand more fully especially the mundell-fleming model and understanding the formula and define the main stylized features of the development process.
consider the economic question of taxes and how they affect the economy. what happens to the economy when the
Make sure to label the axis of the graph. Now, add two more production functions based on the following scenarios. a. Efficient institutions are adopted in a country. Label this production function F2. b. A new technology is adopted allowing great..
Discuss how the development of the new product features impact on the firm's pricing power. Make sure you relate to the relevant theoretical
Why do we use this notion in economics? How does it come into play in economic decision making? Please explain and elaborate.
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