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A. Explain how the prices determined in competitive market in theory? describe who the price were determined in P.O.W Camp. Discuss weather mechanism of price determination in P.O.W Camp is consistent with the theory?
B. there was an attempt to fix the prices but results in failure. explain why the attempt failed? Cigarette was used as currency. explain why?
C. what was a problem caused by using cigarette as currency?
For this week, we are continuing our discussion on GDP and economic growth. We will realize that most of government spending goes towards welfare such as social security. However, it is a common belief that social security benefits
Jeans and alligator or animal shirts: The plain pocket jeans and the Lacoste knockoffs often cost 40% less than brand-name items, yet the knockoffs are essentially identical to the brand-name items.
What is a specific problem facing the United States Congress where would I be able to find articles information about problems in education.
Does the company behave like a monopoly or more like a competitive firm Has the monopoly been cited for monopoly behavior If so, discuss the behavior and the final outcome of the case. (Hint: Both Microsoft and Wal-Mart have been found guilty of m..
What would be the present value of an item that has a salvage value of $25,000 at the end of four years?Assume a discount rate of 3.8% for an end-of-year factor?
If there is a natural monopoly one firm owns all the natural resources in the production of a good, such as owning the diamond mines needed to produce diamonds.
An order written by the exporter instructing the importer, or their agent, to pay a specified amount of money at a specified time is a: Note Payable, Draft, Promissory Note, Check.
There are two types of apartments in the city: Good (20%) of the apartments) and bad (80% of the apartments). You could live in either of them, but you would prefer a good apartment.
Find the equilibrium price and quantity for this market and Draw the budget constraint between "leisure hours" on the horizontal axis and "wage income" on the vertical.
The manager at Sherwin -Williams store has decided to purchase a new $30,000 paint-mixing with hi-tech instrumentation for matching color and other components. The machine may be paid for in one of two ways:
should owners use market research when making decisions about starting or expanding a business POLICY MAKER 1.Government policymakers may be elected politicians or appointed experts. Describe some of the specific decisions made by policymakers that..
The Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues. The Interior Department must believe that
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