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Discuss how a tuition maximum might affect quantity demanded, quantity supplied, and the quality of classes at their school.
If Hui gets one more unit of good X, what amount of good Y can be taken from him so that utility does not change?
Monsieur Manoussi appreciates a nice bottle of wine but he is cognizant that some wines. When would Monsieur Manoussi choose to consume this bottle of wine?
Do unions engage in ethical behavior? Explain. Historically, what factors precipitated the formation of unions? Explain.
It is also callable in 5 years at a call price of $1,040. What is the bond's nominal yield to maturity? What is the bond's nominal yield to call?
Explain how the incentives will affect the local villagers, who are often very poor. Which approach (A or B) seems more likely to help the elephant population?
What product or service does this company produce? Describe your experience using this product or service. Who do you believe is in the company's target market?
How many pairs of shoes should Charles produce to maximize profits? What is Charles' profit when he's producing the profit-maximizing quantity?
What was the ranking of the city of Detroit in America in the 1950s? What are the home (head) officecities of companies like Heinz, Coke and AT&T?
Why do you believe this company experiences brand loyalty? Who do you believe is in this company's target market? Why?
In May, the milk market equilibrium is at $5.00 for 12 million gallons. Draw a diagram to show the old equilibrium and the change in equilibrium.
Given the info above (in part a) to achieve a desired output for the least cost, the firm manager should choose inputs until MRTS equals what?
The model estimates that the labor cost for the 50th unit is $557.71. What is the approximate percentage of learning at Emerson?
Suppose that at a price of $4.50, quantity of output demanded is 15 and at price of $7.00, quantity of output demanded is 10. What is the elasticity of demand?
In Stackelberg competition, the market inverse demand curve. If Firm 1 chooses its output level before Firm 2, how much output will Firm 1 produce?
If price of hamburger rises to $9, what is Substitution Effect and Income Effect? Choose Hicks or Slutzky and explain your results graphically.
Using reference to supply and demand, consumer choice, labor markets and behavioral economics, is raising the minimum wage a good economic decision?
Identify the conditions which can result in the guiding function and the consequent impacts on equilibrium prices and output, changes in both the short run.
Identify 3 items in your life that are inelastic. Explain for each item why it is elastic or inelastic, using the determinants of elasticity.
Explain how you would apply the methodology of the economic way of thinking to arrive at the best possible decision regarding that action.
Recently, Federal Government has offered some individual sizable child tax credit. How do you think this has affected the retail sector and the economy overall?
Present a hypothetical game between two firms that collude. Then explain what the economic incentives could be while colluding.
Explain the logic of expenditures in advertising. Should we just spend on advertising? Or should we follow a more reasonable approach to make such decision?
Identify an industry that you think fits the monopolistic competitive structure. Explain why using the theoretical elements of the theory.
Make a graphical representation of a competitive firm, a monopoly, and a monopolistic competitive firm.