Question: Consider the market for a software application. There are 20 consumers who value technical support, which they can only receive if they purchase the application. There are 10 consumers who do not value technica ...
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Question: Identify at least two effective marketing strategies for helping companies avoid "marketing blunders" for their products or services in foreign countries. Outline the pros (advantages) and cons (disadvantages) ...
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Question: Examine the advantages of a natural monopoly. Identify different examples of natural monopolies (list by name). Discuss the government's role in authorizing and regulating natural monopolies (list specific acti ...
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Question: Find the errors was happened by public administrators The state government sold the city harbor 350 acres in 650.000 $ to the city, immediately, the city manager of city X designed an economic development packa ...
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Question: The following diagram shows the market situation for the perfectly competitive market for wheat. The wheat market is currently at short-run equilibrium E, where the price P* is not high enough to generate posit ...
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Question: In the late 1970s interest rates soared but the economy remained healthy. Why did higher interest rates fail to slow down the economy in 1977-8, but cause recessions in 1980 and 1981? The response must be typed ...
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Question: The following article appeared on the front page of the Wall Street Journal on April 17, 1998: The public, by 79% to 17%, favors raising the minimum hourly wage by $1 to $6.15. But Princeton economist Alan Krue ...
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Question: Explain if you feel society should attempt to equalize income or economic opportunities. Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income inequal ...
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With reference to economic scholars and theories, evaluate the various criteria of social welfare maximisation.
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Explain briefly but clearly the concepts of scarcity and opportunity cost. Provide an example of opportunity cost from either your personal or professional experiences. Remember to include explicit costs (able to be meas ...
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