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what is the herfindahl-hirschman index hhi for an industry in which five firms each control 20 of the market a 20 b 100
1 what are the economic tradeoffs between low- income and high-income countries in international conferences on global
holding supply conditions constant the costs of regulation fall wholly on producers when a ep 1 b ep gt 1 c ep d ep
when supply and demand for a product decreases simultaneously we can a cannot predict the change in either the
the production function q 025x05 y05 exhibits a constant returns to scale b increasing returns to scale c increasing
if the point price elasticity of demand equals -2 and the marginal cost per unit is 10 the optimal price is a 5 b 10 c
erin and deidre two residents of ithaca new york are planning a trip to boston erin the sales manager for a large
suppose a country has total gdp y 10 trillion consumption 7 trillion government spending 3 trillion investment 2
a wealthy executive is holding money waiting for a good time to invest in the stock market this action would be an
explain why selling output at a price below that at which marginal revenue equals marginal cost mr mc might serve to
interest paid on reserves held at the feda is available to the general public but not to commercial banksb gives
a decrease in the reserve ratio increases thea amount of actual reserves in the banking system b amount of excess
a newspaper headline reads fed raises discount rate for third time this year this headline indicates that the federal
lowering the reserve ratioa increases the total reserves in the banking systemb also reduces the discount ratec turns
are there creative works that can be shared or otherwise used by anyone without permission and without the payment of
what is market power define market power name a few sources of market power and explain why market power is always a
which of the following statements are positive and which are normative a jim gives too many tests b the average on jims
tom is stuck with his friends on an island that uses coconuts for currency but they recently discovered wilsonrsquos
give an example of behavior that cannot be explained with standard economic models and which is therefore of interest
fiscal policy the money market and aggregate demand consider a hypothetical economy in which households spend 050 of
how is product differentiation a source of market power your answer should reference at least one if not more of the
in order to show that perfectly competitive markets are efficient economists assume that such markets are characterized
1 if a patent owners are compensated with monopoly profits from transfered consumer surplus consumers will be
whats weaknesses does tesla motors in general model s if possible has when applying a swot analysis in regard to the
individuals a and b are the only consumers of good x individual a demand for good x is given by q 4 ndash p and