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What economic factors helped give and maintain Facebook's monopoly power? Consider Facebook's output as data and information, and focus on production and costs.
Lowe's says it will close 34 underperforming stores. Discuss the company plans to move its Canadian information technology platform to the U.S.
Apple and Samsung each has constant marginal cost of 5 for each unit of phone. Suppose they set their prices simultaneously. Find the symmetric Nash equilibrium
There is only one bank that all the people deposit their money in and it holds 12% of the deposits as reserves. What is the money multiplier in this economy?
What are the main reasons for economists to predict that the country can go into recession next year?
Since the year 2000, global trade has doubled due to reduced costs in communication and transportation 21 million jobs in U.S. depend on imports.
Suppose that the (inverse) demand for a good is given by the equation p =100 - 4q. Compute the consumer surplus corresponding to a price of 80.
What is Veblen's Theory also known as Theory of Leisure Class? What are societal impacts of tragedy of the commons, and how can these consequences be prevented?
You are roling a dice and you will get $100 if it gets 6 and you will have to pay $20 in case. What is a mathematical expectation of the result of this game?
What is/are the significance of the issue(s) economically? How will the issue affect the economy ten to twenty years from now?
How would policy have to change if the short run equilibrium moves from Keynesian portion to the Neoclassical?
Which did you enjoy the most and why? Which did you enjoy the least and why? Use examples to support your stance.
Using research and analysis, explain why it meets the conditions. Applying a historical analysis, show how the country benefits from monopolistic designation.
How much money is required now to cover the initial cost of the lab and then to earn enough interest to support the remaining costs of research and maintenance?
What would your preference: return to office (RTO), remote work or a bit of both? If this was your business, what would be your preference for your employees?
Identify two takeaways from the McKinsey & Company report to explain the tradeoffs between work and leisure of employees in a post-pandemic period.
If the seller cannot discriminate, but instead must charge the same price P1 = P2 = P to each consumer group, what will be her profit-maximizing price?
How much total output should the firm produce (for both markets combined)? How should that output be allocated between markets 1 and 2?
Explain why an economist, concerned about saving lives, would want to focus on cost and what the economist understands by the concept of cost.
Assume now that the insurance company is a monopolist that wants to maximize expected profits. What price would the monopolist charge this consumer?
What quantity and price will result once competing software emerges? How much consumer surplus will my clients (lawyers) gain once the competitors enter?
A Company employees out of loyalty have agreed to accept the below minimum wage. Does Airline Company have liability under the Fair Labor Standards Act?
Draw a graph comparing Sid's market structure with a market in perfect competition (on the same graph). Be sure to label the components of deadweight loss.
What are the main features of an oligopolistic market? Explain how you can distinguish firm in oligopolistic market from one in monopolistic competitive market.
Explain in your own words, what you think the main points are in, Poverty and Economic Inequality and why you find this subject interesting.