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Why is an oligopolist more or less likely to engage in strategic decision making compared to a monopolistic competitor?
What effect would eliminating copyrights have on the price and output of textbooks? Should copyrights be eliminated?
What accounts for the difference in price? Colleges give financial aid to certain students. Is this price discrimination? If so, should it be against the law?
Suppose you are an economist for Mattel, manufacturer of doll Barbie, which was making an unsolicited bid to take over Hasbro manufacturer of the doll G.I. Joe.
Discuss the effect of antitrust policy in the monopolistic competition model, cartel model of oligopoly and contestable market model of oligopoly.
What technological advances threatened Microsoft's monopoly? Why was AT&T given a monopoly in the telephone industry?
How it is used, the efficiency implications, and how society has responded. How do monopolists use power to manipulate outcomes?
Alexis de Tocqueville once stated that the Americans have applied to the sexes the great principle. What problems might his argument have? (Feminist)
Does market structure determine firm behavior or does firm behavior determine market structure? (Post-Keynesian)
What distinguishes the short-run from the long run? What is the difference between marginal product and average product?
Peggy-Sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster, Inc. Calculate her accounting and economic profits.
Demonstrate the effect of the tariff on the price of goods. How would the tariff help the economy if other countries did not institute a retaliatory tariff?
What would you suggest to the government about this tax if its purpose were to increase corporate income tax revenue?
Should the United States restrict imports of Mexican vegetables? Why or why not?
When the United States placed a temporary price floor on tomatoes imported from Mexico, U.S. trade. What costs did Americans bear from the price floor?
What is his profit or loss by an accountant's definitions? What is his profit or loss by an economist's definitions?
Draw an isocost curve for a firm that has $100 to spend on producing jeans. Input includes labor and materials.
What would your average variable cost curve for peak time usage look like? If you do not keep track of your usage, how would you figure your marginal cost?
How does this just-in-time approach change the mix of fixed and variable costs to the advantage of Walmart? (Radical)
If average product is falling, what is happening to shortrun average variable cost? If marginal cost is increasing, what do we know about average cost?
If such information is gathered through trial and error, what implications does that have for government intervention in the marketplace? (Austrian)
Do you believe that that allocation of jobs reflects firms trying to minimize costs because of the relative expertise of women and men?
If it is true that firms are shaping consumer preferences, whose welfare are people maximizing when they make consumption decisions?
Once you buy them, they cannot be returned, however. What do your short-run marginal cost and short-run average total cost curves look like?
If machines are variable and labor fixed, how will the general shapes of the short-run average cost curve and marginal cost curve change?