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What are the costs and benefits associated with attempting to bar entry of other firms into industry? How would a firm evaluate the desirability of this action?
Should he rent more ovens and hire fewer workers or rent fewer ovens and hire more workers to increase productivity and lower costs of production?
What is the ratio of revenues to deadweight loss for each good? What principle does this demonstrate? If only one of the goods is to be taxed, which should it b
What is a fiduciary relationship? Identify at least two of the fiduciary duties and provide an example of each.
If the cost of the beginning work in process inventory is $51,000, direct materials cost is $341,000. Calculate the cost of goods manufactured.
Develop the cost index of this material for all 8 periods. What is the percent change in index value from period 7 to 8?
Discuss why this equilibrium does not result in the efficient output of gardening services. Describe what the Lindahl Equilibrium would be.
Should we have a more aggressive policy to break up large businesses and promote competition? State their arguments and give reasons why you agree or disagree.
What bundle does the consumer choose, and what is his utility from this bundle? Calculate the compensating variation. Calculate the equivalent variation.
What might be the impact on government spending on entitlements such as welfare, food stamps.
Why does price elasticity of demand change as you move up the demand curve (more specifically, as the price of the product increases)?
What impact does payment bundling have on health care costs?
Economic nationalists in developed countries worry that international trade is destroying the national economy.
The topic/questions you need to address are "Does the US engage in industrial policy? Should the US engage in industrial policy? To what extent?
How does the fact that imports vary directly with GDP affect the stability of the domestic economy?
In your expert opinion as an economist, do natural disasters create jobs? Why or why not? Use the concept of the Shadow Wage in your answer.
What is game theory? What is its role in explaining the behavior of an oligopolist or a duopolist? How do we determine the equilibrium strategies in a duopoly?
Describe activities in your organization or other organizations that result in economies of scale and economies of scope.
What is expansionary fiscal policy? What gap is the economy experiencing when expansionary fiscal policy is used? What is contractionary fiscal policy?
compensation systems can be tailored to general business strategies. List and explain the three (3) strategies
Compare marginal revenue and average revenue for a monopolistically competitive firm. At profit maximization, what is P for a monopolistically competitive firm?
Compare and contrast the regions of the United States on several factors such as economic development, race and ethnicity, political ideology and religion.
How can a company use licensing agreements to enter world markets? What fundamental product strategies do companies choose between when selling their products?
Your company is intending to launch a new product, and your line manager. Describe with the aid of diagrams the five stages of the product adoption lifecycle.
Compare and contrast strategic alliances with joint ventures. Can you find examples of joint ventures or strategic alliances?