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Why would the government be opposed to a merger of two firms? How does the Justice Department decide which mergers to challenge?
Which of these theories best describes the case of airline deregulation? Which best explains the government's case against Microsoft?
What is the regulatory dilemma? That is, what trade-offs do regulators have to consider when deciding how to control a natural monopoly?
Government Regulation What three types of government policies are used to alter or control firm behavior?
Suggest how fiscal and monetary policy can move those numbers to equilibrium as the governor of SARB. Why and what would be your subsequent steps.
Choose an article published in the most recent two years. Explain how the article illustrates the concept of moral hazard.
Analyze all transaction costs, delineate the boundaries of the business, and develop an equation to calculate exactly economies of scope.
Why would existing franchise owners have an interest in the maintenance of high application standards for new franchise owners?
Signaling and Screening What roles do signaling and screening play in a labor market with asymmetric information?
Adverse Selection and Moral Hazard Describe the problems faced by health insurance companies. How do insurance companies try to reduce these problems?
Game Theory While grading a final exam, an economics professor discovers that two students. Draw the payoff matrix. b. Which outcome do you expect? Why?
Locate the long-run equilibrium price and quantity if the firm is perfectly competitive. How do long-run profits compare for the two types of firms?
Why don't perfectly and monopolistically competitive industries produce the same equilibrium quantity in the long run?
What role can advertising play in product differentiation? How can advertising become a barrier to entry?
Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?
Write a paragraph about one example of an organization practicing price discrimination.
Using demand and cost curves, draw a diagram depicting firm's profit-maximizing price and output level. Why is marginal revenue less than price for this firm?
Perfect Price Discrimination Why is the perfectly discriminating monopolist's marginal revenue curve identical to the demand curve it faces?
Explain the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
Under what circumstances do firms and unions use these tools? What is the role of a strike in the bargaining process?
What characterizes a winner-take-all labor market? Offer some reasons why corporate heads now earn relatively more than they did in 1980.
Determinants of Labor Supply Suppose that two jobs are exactly the same except. How could you measure the value workers attach to such a job amenity?
You may work more hours because of this cost-of-living increase. Is this response predominantly an income effect or a substitution effect? Explain.
Substitution and Income Effects Suppose that the substitution effect. What would the supply of labor curve look like over this range of wages? Why?
How are resource costs affecting housing prices? Alternatively, how is housing demand affecting resource prices?