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Why does a downshift of the consumption schedule typically involve an equal upshift of the saving schedule? What is the exception to this relationship?
How do you go about weighing the alternatives? Once you choose a most important use of time, why do you not spend all your time on it? Use the notion of opportunity cost in your answer.
Question 1: Does the PPC illustrate increasing or decreasing opportunity cost? Question 2: What is the opportunity cost for this student for the additional amount of study time on economics required
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equalized firms, based on the Herfindhal index guidelines. (No other factor considered)
You have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products. Select your organizatio
Use the readings from the background page. In general, do you think the government should intervene in the market?
Which product would tend to have a higher markup in a supermarket, cigarretes or Colombian coffee? Explain. And what about Apple computers and HP computers in an electronics store?
You have been hired to be a consultant on pricing strategies for two different companies. Both of the companies have similar customer bases in that their customers fall into two well defined groups:
You have conducted a detailed financial analysis of this potential business opportunity. You believe that you have good information on the cost of starting and operating the restaurant.
Be able to incorporate as many of of the following basic political economic terms as possible into each of the two essays of choice from the second category. Class lecture notes may be used for defi
Problem: Evaluate managerial decision-making tools using different ethical theories.
Three versions of the data set have been posted on BB. Use whichever version is suitable for you. For the Excel version you have to first copy and “paste special” it into a STATA data se
Managers make decisions with the expectation that profits will increase. Illustrate with one example the managerial problem and the rule or logic the manager should do in order to make a decision th
How are China and India contributing to the world economy? Relate to current examples in the retail industry involving the Walmart (US), Falabella (Chile) or Carrefour (France).
A) Draw the marginal revenue function for this firm. B) What is the profit-maximizing price for this firm? C) On the graph show the area which represents the net loss to society resulting from the m
Which of the following is an important factor that tends to affect the magnitude of the own-price elasticity of demand for a good?
United airlines is the implicit price leader in this industry and many other carriers watch closely what the leader does and base their decisions on the leader's actions. Such behavior is not uncomm
Fast food restaurants tend to cluster together. That is, on one corner, there may be four similar fast-food restaurants. 1) How game theory explain this behavior?
Find the Stackelberg equilibrium and compare it to the Cournot equilibrium.
a. Describe why there might be this difference in demand between the two types of readers. b. How many total copies of the Wall Street Journal should be printed?
Problem. What is the value of real GDP produced in 2014 using 2013 as the base year? Problem. What would be the growth in real GDP? Problem. Why is there unemployment even when the economy is at "full
Given the recent events in the US Airways and American Airlines merger, one has to wonder, is the airline industry monopolistic? Which is worse, monopolies or competition? Explain your answer.
A two-period project has the following probabilities and cash flows. The discount rate is 7%, and the initial investment is $1,000. How much is the expected NPV of this project?
(1) If you were exporting US made products to Europe, what would happen to prices of your exports? (2) If you were importing to the US products made in Europe, what would happen to the prices of your
Complete the following table for the firm below which is selling its product in a perfectly competitive market and hiring labor in a perfectly competitive labor market. State how many workers the fi