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Question
From the perspective of consumers and society overall, monopolies are worse than perfectly competitive markets. This is the major reason behind the existence of US antitrust laws. Describe a situation, however, where monopolies are good for consumers and why. (Hints: Is perfect competition always the right comparison? What kinds of costs typically lead to industries where a monopoly may benefit consumers?)
Let the inverse demand curve be p(q) = a − bq. Suppose there are two firms, with constant marginal cost equal to C.(Cournot) If both firms move simultaneously, what are their equilibrium strategies and what is the equilibrium outcome?
The sales director for an industrial supplies firm has collected information describing the performance also personal characteristics of 80 members of her sales force.
In class we discussed the calculation of GDP in the Coconut/Restaurant economy. In recitation on March 18, your TA discussed the calculation of GDP in the Jimmy Buffett economy. This question is similar to these (and is from a past midterm). It will ..
Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1
q1. due to the housing bubble many houses are now selling for much less than their selling price just two or three
Discuss why black Monday, the day when the djia declined more than 20% is not evidence against the efficient market hypothesis. What issues do critics cite when discussing why sarbanes-oxley has let to a decline in USA capital markets?
As a proponent of either aggregate supply-based growth strategies or aggregate demand-based growth strategies
how the United States and the other country differ. Which of the two countries has better prospects for the future and why? Provide a reasoned opinion.
Graph the production possibilities frontier over one day for this restaurant. In the graph, you must identify the points where transfer of a worker from one job to another starts to take place, by showing the coordinates of the points.
On balance, should companies continue to allow personal technological devises on the job or should they disallow them? If they allow them, what policies should be put in place?
What is the ease of doing business in your chosen country? Are other countries wanting to invest in your chosen country? Why or why not?
You would like to sell 500 shares of Pfizer, Inc.(PFE). The current bid and ask quotes are $27.36 and $27.39, respectively. You place a limit sell-order at $27.
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