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A firm in a perfectly competitive market invents a new method of production that lowers marginal costs. What happens to its output? What happens to the profit it receives and the price it charges?
a. The firm has an employee who threatens to tell all other firms in the industry about how to implement this new technique. Will it be possible to bribe the employee not to do this? Explain why or why not.
b. Why should this employee probably choose to tell only some of the other firms rather than all of them?
c. What factors will determine the best number of firms to sell the secret to? (Assume that those who get the information keep the secret instead of selling it to still others.)
Illustrate what would you expect to happen in the general economy if these rates are all increased.
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Comprising an evaluation of the impact of past and current fiscal policies, monetary policies, budget deficits or surpluses on the economy and on the airline industry industry.
If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.
Elucidate how do Keynesian and Real Business Cycle economists differ on the right response to Japanese stagnation.
Which of the following items are included in the calculation of GNP in the UK, and which are excluded?
You are a financial adviser to a U.S. corporation that expects to receive a payment of 40 million Japanese yen in 180 days for goods exported to Japan.
The ending benifit if any should be realized in CAD. How can he complete interest arbitrage. What will be his profit.
The organization you wish to pursue will convert existing hybrid Toyota Prius automobiles to plug-in hybrid vehicles.
Illustrate what special problems are faced by eastern european economies as they make the transition from central planning to competitive markets.
Article may originate from the internet however please provide the link to the particular article you are reviewing.
For every following events, consider how you might react. What things might you consume more or less of would you work more or less.
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