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Your new cyber cafe, Sips and Chips, will open in the next few weeks. You have hired A-1 Ads, an advertising agency to create the promotional materials for the grand opening. What would A-1 Ads need to know before creating the promotional materials?
Discuss three automatic expenditures in the federal budget. What is the difference between discretionary fiscal policy and automatic stabilizers?
Illustrate what is the logic of a firm setting and exercising the application of a mandatory retirement age? What are the pros and cons of the mandatory retirement practice from the perspective.
In the 1st half of the 20th century, AT&T had a near monopoly on local and long distance phone service. The company charged a price for local telephone services.
Which one shirts or sweaters, has a demand-elasticity which allow you to increase the price, sell fewer units BUT still increase your revenues.
Find the uniform price if there is two customers.Type A who will only pay 10.00 dollars for a single unit of the good, and Type B who will only pay 8.00 dollars for a single unit of goods.
These specials comprises of a significant price reduction on selected menu items purchased before some pre-determined time
Suppose that normal workers increase a rm's revenue by $6, while smart workers increase revenue by $A, where A > 6. Firms cannot tell smart workers from normal workers ex ante, but can observe a worker's educational level.
Explain how would you interpret the slope coefficient also illustrate what is the rate for the period under study.
Under what circumstances would a monopolistic firm be economically more efficient than a group of small, competitive firms If there are such monopolies, what are the drawbacks and how could they be corrected
Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.
Plot aggregate demand and long run aggregate supply curves. Show aggregate demand schedule.
The cost of a seasonal pass to six flags great adventure is not much more than a weekly pass.
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