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Who is correct, why are they correct, what should output be, and what will profits be? Use concepts from class, maths, and graphs to support your answer.
Using the extracts and your knowledge of economics, assess the view that the market structure of the pharmaceutical industry is damaging for consumers.
The current market price of that particular video game is $80. What is the total producer surplus for the two firms?
What will be your advice? In particular, how will you help them control costs to maximize their profits, and decide to close their doors for the season?
How do you connect monopolistic competition, oligopoly, demand for resources. Describe the idea first, elaborate on connection and add an example in each case.
Find all Nash Equilibria. Players simultaneously decide among Alleson Athletic, Boxercraft, and Augusta. Find all Nash equilibria.
One player chooses the pure strategy, and the other two players symmetrically randomise. What are the three Nash Equilibria in this situation?
What are the plausible reasons of falling productivity in most recent years. What is Benefit Principle? What is Ability to pay Principle of taxation?
Describe this market under the assumptions of perfect competition. Describe this market using the concept of competition as a process.
An indept analyzes a real firm and discuss an economic problem associated with the firm. (mergers, profit maximization, outsourcing, etc).
He also made the econometrics of travel demand fully acceptable to mainline econometricians. Discuss the household demand for mass transit for a city.
Explain what is a price ceiling and a price floor? How do they affect consumer and producer surplus? What will happen in this market if the government imposes?
If you have 100 feet of General Use Life safety rope, how many feet would you expect this rope to stretch with 10% of its maximum rated load?
With the help of a diagram, explain why prices of pharmaceutical drugs supplied by a monopoly are likely to be higher than in market which are more competitive.
If the government required a monopoly to produce like a perfectly competitive firm, would the firm make a profit or experience losses? Explain your answer.
Consider the following budget line for a combination of goods X and Y: 6x + 5Y = 100 in a two-dimensional space. What is the slope of this budget line?
Explain why the numbers make sense-that is why does a state gain if the other state provides health insurance while it does not.
How much should be Federal Reserve's target federal funds rate? What are the goals of monetary policy? Which goal is the most important or the principal goal?
What is the expected value of the lottery? What is the maximum amount a risk-neutral person would pay to play the lottery?
What should be the role of business in local communities? What CSR issues do supply chains create for global businesses?
What are the rights of corporations to employees? What are corporations' responsibilities to employees? What rights do employees have?
What is the relationship between business and society? What is corporate social responsibility and what are the arguments for and against it?
As a result, retailers would all be better off if they all were closed on Thanksgiving. What does this Back Friday experience illustrate?
How would this change impact the demand for tablet cases? Explain your answer and reconstruct the graph developed in question one to show this change.
Explain three factors that can cause a shift in the demand curve. What is the distinction between the income effect and substitution effect?