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Would you say that the Internet fosters or impedes social activity? Explain your position. Does the internet help or impedes social activity on the internet?
There is some controversy surrounding paid placements on search engines. What are the issues surrounding paid-placement search engines? Why might consumers object to this practice?
What would be the production possibility frontiers for Brazil and the United States?
Firms that can identify two types of consumers can price-discriminate perfectly. Firms can price-discriminate only if there is zero competition in the market. Firms that price-discriminate will not reach higher profits.
Make up a numerical example to illustrate. Use the Law of Demand to explain why all consumers must receive a surplus whenever they purchase
Use the principles of supply and demand to address a predetermined goal (set by you) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is. We will probably revisit some of your choices in future m..
If this industry acts like a monopolist in the determination of price and output, compute the profit-maximizing level of price and output
A family that won a $100,000 prize on America’s Funniest Home Videos decided to put one-half of the money in a college fun for their child who was responsible for the prize. If the fund earned interest at 6% per year, how much was in the account 14 y..
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..
The opportunity cost of holding money is
What is the present worth of the savings over the next 5 years? Over the next 10 years?
Your bank has the total asset of $120 million, and the total liability of $90 million. The duration of assets is 2.5, and the duration of liabilities is 1.3 years. What happens to its net worth (NW)?
Use the information in the table to calculate total revenue, marginal revenue, and marginal cost. Indicate the profit-maximizing level of output. If the price was $3 and fixed costs were $5, what would variable costs be? At what level of output wo..
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -2, while group 2’s is -5. Your marginal cost of producing the product is $10. a. Determine your op..
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