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1. Create a pay off matrix that fits the situation faced by the two firms. 2. What is the dominant strategy in this situation? Explain.
If you were to pick the single most important factor that drives the fluctuation in the short term stock market prices, what would that factor be, and why do you think that it is the chief factor th
Look at the consumer prices (personal consumption expenditures - less food and energy. Do you see any relationship between the federal funds rates, prices and GD
(1) Calculate the prices that should be charged to each customer if the seller is able to use first degree price discrimination. (2) Is this a good strategy, or should the firm charge the same price t
Design a two-part tariff (pricing) structure that would get the max nightly profit from each LEGAL drinker. The two-part pricing would include a cover charge plus a charge for each drink.
True or false and explain. "The AD schedule slopes downward because real income rises as the price level declines and everybody buys more as their real income rises."
A firm purchases a new computer system for $1M. If the marginal propensity to consume is 0.8, the final change in national income will be
(a) Compute all of the variances for (1) direct materials and (2) direct labor. (b) Compute the total overhead variance.
Present a summary of a compared and contrast the advertising and sales promotion approaches used by Frito-Lay and two competitors
Suppose total benefits and total costs are given by B(Y) = 100Y - 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits? Show your work.
Problem: Using the data in the following table, estimate (a) the average return and volatility for each stock, (b) the covariance between the stocks, and (c) the correlation between these two stocks
Last year’s manufacturing overhead was $880,000, based on the production of 320,000 standard CDs and 120,000 high grade CDs. Selling prices last year averaged $3.60 per standard disc and $5.80
Calculate the HHI for this industry. If firms 6 and 7 decide to merge, would this merger be challenged by the FTC? Why or why not?
A married couple is planning to buy a new sport utility vehicle (SUV) 5 years from now. They expect the SUV to cost $32,000 at the time of purchase.
Question 1: Calculate the range within which the population average volume can be found with 99 percent confidence.
Use the interactive feature of the Bureau of Economic Analysis Web site, www.bea.gov, to access the National Income and Product Account Tables. Select Interactive Data Tables, which is listed under
Use the given data for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers the firm will employ to maximize profits.
Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent.
What variables other than price appear to have the biggest impact on the demand for McDonald's products? How much influence does the company have over these variables?
Testing procedures required by the US Food and Drug Administration raise the cost and price of drugs. Should we eliminate such requirements in order to ease inflationary pressures? How about the reg
Question 1. Between 1929 and 1933, GDP measured in current prices fell from $96 billion to $48 billion. Over the same period, the relevant price index fell from 100 to 75. a. What was the percentage
Question 1: In what ways do future generations benefit from this generation's deficit spending? Cite three examples.
Consider a firm that is deciding whether to operate plants only in United States or also in either Mexico or Canada or both. Congress is currently discussing an overseas investment in new capital (O
What is an opportunity cost? Why do economists consider opportunity costs? Provide an example of at least three possible opportunity costs of setting aside a mountain wilderness as a wilderness area
Why is the USA's GDP so much higher than that of Mexico's? Would the same reasons apply when we compare the USA's GDP to Canada's GDP?