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On January 14, 2016, Nokia and Alcatel-Lucent celebrated their first day of combined operations. A couple of years earlier, Nokia and Microsoft formed a partnership, which did not work well. Why did Nokia and Alcatel-Lucent merge? Is their merger likely to be successful? What was the impact on the stock price?
College Copy Shop (CCS) compiles, copies, and sells reading materials to students. The compilations are prepared on the instructions of professors, who indicate which parts of which publications should be included for their students. Which type of in..
Tomato Farms is selling tomatoes in a purely competitive market. Its output is 5000 bushels, which sell for $15 a bushel. At this level of output, the marginal cost is $15 a bushel and average total cost is $14.50 a bushel. Should the firm increase o..
An increase in the price of sodium carbonate, a chemical compound used in detergents will:
Illustrate what are the optimal prices for each product if you sell these products separately. What are your firm's profits. Explain.
Every worker sees a Social Security (FICA) tax taken out of his or her paycheck. The nominal tax rate on workers is 7.65 percent. But there's a catch: only wages below a legislated ceiling are taxable. In 2014, the table wage ceiling was $117,000. Wh..
Find out the probability of a 5%-level test rejecting the null hypothesis when the true mean impurity concentration is 2.10%.
What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
The Potomac Range Corporation manufactures a line of microwave ovens costing $500 each. Its sales have averaged about 6,000 units per month during the past year. What is the arc cross elasticity of demand between Potomac's oven and the competitive Sp..
Consider the horizontal quality model on the unit interval from 0 to 1. There are N consumers located uniformly along the interval. There are two firms, with zero marginal costs, initially located at 0 and 1. Solve for the equilibrium price if both f..
Suppose that the current international price of wheat is $6 per bushel and that the United States is currently exporting 30 million bushels per year. If the United States suddenly became a closed economy with respect to wheat, would the domestic pric..
Assume that Roscoe's Rascals decided to add the pet food line. A copy company wants to expand construction.
When Alex leaves for school 50 minutes before his class starts, the probability he makes it to class on time is estimated to be 0.85
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