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In your opinion, will oil producers be able to supply enough oil to meet the increasing demand for oil-related products, such as gasoline?
What is meant by economic forecasting? Analyze the different challenges of economic forecasting. With the aid of a diagram, discuss 5 faces of business cycle
Find the Economic Order Quantity. What is the total inventory costs (Alinimized Total Costs) and the best reorder point (ROP)?
Problem: Why do you think that competition is a lubricant to the economy of the country?
Find a recent news article (peer-reviewed journal paper) or Policy debate related to microeconomic issues, e.g., the market for a product, an industry
Demonstrate the impacts of supply chain strategies on the income statement, balance sheet, profitability, and return on investment for Fedex Company.
How does economics affect one's daily life? Can a personal economic impact affect the broader business environment? Provide an example.
Why have some countries experienced rapid development, while others have not? How might democracy contribute to poverty reduction?
Derive the demand functions for good X and good Y (in terms of income and price). Make sure to show the steps by which you arrive at the answer.
What is the prisoners' dilemma? Briefly outline the different strategies available to participants and how Nash equilibrium is worse than cooperative option.
What is the public choice idea or theory? Explain what rent seeking is. How can you combine the ideas of public choice and rent seeking?
Why the demand for labor is called a derived demand? How a firm's wage is normally determined in the labor market?
What is the firm's average variable cost function? What is the firm's shutdown price? What is the firm's average total cost function?
Assuming that good and bad trucks are equally likely to be offered on used-car market, how much is buyer willing to pay at most for an F-150 of unknown quality?
Discuss and explain with examples why antitrust laws were developed and what specific laws were enacted to resolve specific issues?
Identify all the pure-strategy Nash equilibrium. In the mixed-strategy Nash equilibrium, with what probability will firm B now enter the market?
Is food have any substitute or complement goods? If yes, comment on the value of cross elasticity of demand of the product with other products in the market.
What is the current level of profits (losses) for the firm? What will happen to the firm's production in the long run?
Do you think the government should subsidize flood insurance? If you do, should there be revisions made to the current policy on US government flood insurance?
Now suppose that U.S. American can buy their iphone from online Canadian retailers. How much should apple charge now for an iphone in the U.S? Show work.
At the price, it will sell a quantity Qm = a-bc/2. If apple can maintain the separation between the two markets, what price will it charge in the U.S?
Remember to use earned income and not to include government assistance. What do you think the poverty line should be for each of these lines, and why?
Research three countries to find their Gini coefficient. Explain what this information reveals to you about their economies.
Assuming no other transaction happened, what cost of goods sold is recognized in March? Assuming no other transaction happened, what is Gross Margin of April?
For what values of a and b is there a diminishing technical rate of substitution? For what values of a and b does the production function exhibit decreasing.