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1. List as many reasons as you can for why a firm would want to differentiate its products from its competitors. Why might a firm choose a product similar to its competitor?
2. Why might a firm delegate decision making?
A "tight money" policy by the Fed.
A country's trade balance. A. is greater than zero only if exports are greater than imports. B. must be zero. C. is greater than zero only if imports are greater than exports. D. must be greater than zero.
Select a Government Regulation. Identify a particular government regulation of your choosing that in your opinion has either been successful or a failure. Briefly state the original purpose of this regulation and whether it has changed over time. The..
Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold?
Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets?
q.suppose you know that chateau mulls mrt of wine for garbage was 21 it would require the creation of 2 additional bags
In a monopolistically competitive industry,
neither person may trade away any water to the other for exchange for more bread. Set up an Edgeworth Box to depict this situation and elucidate why it is unlikely to be Pareto efficient.
A profit maximizing monopolist is earning a positive economic profit. The wage it pays its workers rises. How will the firm's choice of P and Q change in response to the wage increase. Use a diagram in answer. (Assume monopolist is still earning a po..
You know that no one will buy a pouch at $5, but if you keep lowering your price by $.25, you can keep selling another one. How many pouches will you sell to make the most profit?
The inverse demand function for mangos is defined by the equation p = 91 − 5q, where q is the number of crates that are sold. The inverse supply function is defined by p = 3 + 6q. In the past there was no tax on mangos but now a tax of $44 per crate ..
Given 2 (two-period) Jobs with the following cost and flows. Job A: will cost $50,000 in year 1 and will yield $84,000 in year 2 Job B: will cost $80,000 in year 1 and will yield $120,000 in year 2 Dwight and James are looking at these 2 jobs and wil..
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