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During the beginning of the 21st century, growth in computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduced their orders of computer chips from Intel and other vendors. Explain why computer manufacturers such as Dell are likely to write relatively short contracts for computer chips.
Consider a Bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of $180. The inverse market demand for this product is P = 1000 -2Q. Determine the equilibrium level of output in the market. Determine the eq..
Consider an economy that produces and consumes hot dogs and coca cola. The table below provides the price and quantity data for hot dogs and coca cola for two years, 2005 and 2010.
Assume the demand for balloons is P=40-2Q. The supply is P=3Q. What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?
A car is financed as follows: $2,000 as down payment plus equal monthly payments at 8% annual interest rate compounded monthly for 3 years. Original price of the car was $12,500. It is expected that maintenance costs are going to be $700 in the first..
If the quantity of chicken demanded increases by 1.25 percent when the price of beef increases by 2.5 percent, the cross elasticity of demand between chicken
After the Federal Reserve increases the growth rate of the money supply, what is the new total spending growth rate? Now think about the point that the economy ends up at that is the new long run equilibrium. What is the value of expected inflation f..
a) What is the present value of the explicit cost of attending the training program? b) What is the present value of the implicit cost of attending the training program?
Please explain a MRP or ERP system such as Oracle or SAP and explain its features and please help analyze the benefits and problems
Some individuals have an inherent distrust of quantitative analysis because they think that statistics can be manipulated to provide a desired interpretation. Regression analysis pretains to knowing about an error term in the regression equation. Wha..
Compare the efficiency of monopolistic and perfectly competitive markets. Discuss the economic factors that lead to the development of monopolies. Examples of monopolies include electric utilities, railroads, airlines, cable television, and sports le..
Fixed costs are costs that _______ in total, but ______ as the business activity level changes
What are the benefits of R&D to multinational companies and examples?
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