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In addition, Coke and Pepsi plan to launch an aggressive advertising campaign designed to persuade consumers that their branded products are superior to generic soft drinks. How will these events im
Uncle Shankar offers to loan him the money at 9% simple interest. If both loans are to be paid in a lump sum in 5 years, which loan should John choose?
Explain the difference between balanced and unbalanced growth. which strategy would you recommend for india?
A cost-benefit analysis involves a comparison of potential costs and potential benefits associated with a project. How do cost-benefit studies incorporate future costs and returns? What are the pote
Suppose you are part of a research team evaluating a proposal to clean up a hazardous waste site. You are in charge of assessing the incremental benefits. What method would you choose to derive the
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the followin
The values for the long-run ATC curves of three different firms are listed in the table below.
Construct a table showing the projected amount of money in each account at the end of each of the 5 years. Which do you prefer?
The firm is considering a quantity discount. The first 400 units can be purchased at a price of $120, and further units can be purchased at a price of $80. How many units will the consumer buy in t
It is a widely held belief by non-economists that outsourcing is as valuable a strategic choice as vertical extension. Argue for or against the notion, citing examples to support your position.
Two firms compete as a Stackelberg duopoly. The demand they face is P = 100 - 3Q. The cost function for each firm is C(Q) = 4Q. The outputs of the two firms are:
Write down the utility function. What is the ideal price index? What is the Laspeyres price index?
When a cold snap hits florida, the price of orange juice rises in super markets through out the country. explain the statement using supply and demand diagrams
A major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?
Suppose consumer has to choose between the composite good Y (PY=$1 /unit) and gasoline, G. Assume the consumer utility function is: U (G, Y) = and his income is $210/mo.
The text argues that individual behavior was not at the core of Enron's problems. What were the problems with this corporation from an organizational architecture point of view?
Explain why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average
Suppose that consumer spending is 200, and spending on food, transport and leisure is 60, 20 and 10 respectively. Suppose that after five years consumer spending doubles to 400. How much do you bel
Demonstrate the situation described in 2004 with supply and demand curves, carefully labeling any excess supply and demand for college admissions. What is the market solution to the excess demand fo
Describe and explain the modern consumption theory. What is investment expenditure? Why is it so important for an economy? Describe the relationship between investment expenditure and interest rate.
Why does the assumption of independence of risks matter in examples of insuraces? what would happen to premiunms if the probabilities of houses burning were positively correlated?
Second-price sealed-bid auction. There are 20 bidders. Each bidder i values the object at vi > 0. The indices are chosen in a way so that v1 > v2 > ... > v20 > 0. Find a Nash equilibr
Briefly describe the model of aggregate demand and aggregate supply. Which macroeconomic variables does it explain? Which factors determine aggregate demand?
Describe and explain the modern consumption theory. What is investment expenditure? Why is it so important for an economy?