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What is the employment effect at firm A? How has total worker income changed? What is the employment effect at firm B? How has total worker income changed?
A firm looking to generate above normal profits (economic profits), given its industry and resource base, must have some basic strategies to keep one step ahead of the forces of competition. List a
If you were President of the US and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading?
However, since the initiative was implemented, the CEO has noticed that less info is availabel that ever. Why do you think the CEO's plan backfired?
the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6. Bill could increase his utility by how much?
Calculate the loss to US consumers of copper from imposing the tariff. Calculate the gain to US producers of copper from imposing the tariff.
Complete a written economic analysis of two or more oligopoly market firms. Your paper body should be 3-5 pages, double-spaced using APA format, and should address the following:
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
What ranges of the money growth rate (assuming positive values) would allow the Bank of Korea to achieve this objective?
Which combination of fiscal policy actions would be most stimulative for an exonomy in a deep recession?
Generic Industries' Total Costs equal $500 + $3 Qty. Compare cost functions at the two firms. Which statement is true?
Suppose the government implements a policy that subsidizes business investment. How will this affect the relationship between investment and the interest rate? How will the aggregate demand/inflati
Without any warning, the price of capital doubles. What should North Western Manufacturing do in response? Explain.
Discuss which principles of economics directly relate to your purchasing decision. Compare the marginal benefits and the marginal costs associated with your purchasing decision.
If Coca-Cola is produced according to the following cost function C(Q) = 1,000 + 2Q (in cents), compute the optimal price and the number of cans to sell as a single package.
What is the expected value of your earnings from investing in General Motors stock? b. Suppose you prefer putting your money into the bank to investing it in General Motors stock. What does that tel
The retail price of the DVD is $25, and the elasticity of demand for this film is -2. Has the studio selected the profit-maximizing retail price for this DVD?
Many consumers attempt to stock up on emergency supplies, such as bottled water, immediately before and after a hurricane or other natural disaster hits an area. Also, many supply shipments to retai
If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived, if the farm were sold to earn 10% annually. C
Calculate the profit maximizing level of price and output it Phillips is required to charge the same price per unit in each market. What are Phillips's profits under this condition?
Does either player have a dominant strategy? Explain. b) Is there a Nash equilibrium in this game? If so what is it? c) Is this game an example of the prisoners' dilemma? Explain.
Many Europeans have government restrictions that impede the mobility of labor across national borders. How do these restrictions affect the desirability of having a common currency in those countrie
The economy is affecting many businesses and recreation activities. Cruise ships have seen drastic reductions with bookings. As the director of marketing for the carnival cruise lines you have imple
As part of your answer also include a discussion of the risks of introducing market mechanisms. Your answer should be approximately two pages long and in APA format.