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Problem
1. Who investigates mergers and takeovers?
2. Suggest three reasons for vertical integration.
3. Distinguish between internal and external economies of scale.
Distinguish between explicit & implicit costs, giving example of each and what are the explicit & implicit costs of attending college?? Why does the economist classify normal profit as a cost?
Your coffee mug company is currently producing at an output level of 200 units per month. Fixed costs are $500 per month. At the current output level, you know that marginal cost is $10 and equal to average total cost. At an output level of 150, you..
In addition to this interest cost these facilities have maintenance and staffing "fixed" costs of $1M a year. What would you advise the company to do, and why?
(a) Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller Why (b) How does a two-part tariff differ from bundling
Cesar earns $60/week while attending UIC and consumes two goods: Beer (B) and Food (F). Beer costs $1/can and Food costs $3/lb. Cesar has the utility function U(B,F) = 2BF (with B in cans, F in lbs). This means his marginal utility from consuming bee..
If a firm has a monopoly power in the market for its output, the marginal revenue product of labor a is no different than for a competitive firm b is less for each unit of labor than for a competitive firm
Which of the following will shift the aggregate supply curve upward? Which of the following would shift the aggregate demand curve to the right
What two kinds of changes in the capital stock can improve labor productivity How can each type be illustrated with a per-worker production function What determines the slope of the per-worker production function
Discuss the role of the PCAOB as it relates to auditors. Why is the PCAOB important to auditors? (between 2 - 3 pages) How does a proposed rule become an effective rule (pcaobus.org)?
What types of culture change have you witnessed in your own lifetime? Does cultural diversity matter? Why?
Write a paragraph on Russia. The questions that need to be answered are, Does Russia participate in trade agreements such as NAFTA or other trade agreements? Is Russia a member of the WTO? Does Russia have any current trade issues that we should be a..
Provide a description of a scenario where this kind of decision between two types of payment streams applies in the "real-world" business setting - Describe and calculate Project As expected net present value
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