Do you think ” Grab acquired Uber” is a good move and if the government should intervene in some ways? For example in price control, tax,and etc. Articles https://www.straitstimes.com/business/companies-markets/grab-buys-ubers-south-east-asia-business-uber-gets-275-stake-in-grab https://www.todayonline.com/singapore/big-read-why-grab-uber-deal-making-some-uneasy
Problem 3: Auctioning the Business After a long career as an entrepreneur, you have decided to sell your business and retire. You know that two businesspeople are interested in acquiring your firm. You know with certainty that one of the buyers, Ms. A, has a willingness-to-pay of $100 million. You have less information about the other prospective buyer, Mr. B, but you think that with […]
Please see below: Advocates of globalization, including professional economists and business leaders stress the benefits of globalization on economic growth. According to them, one of he benefits of globalization is that it will strengthen the middle class, which is the driving force of the economy. Do you think that globalization will further economic growth and strengthen the US middle class? Or do you see it […]
One view of the consumption function is that workers have high propensitiesto consume and capitalists have low propensities to consume. To explore theimplications of this view, suppose that an economy consumes all wageincome and saves all capital income. Show that if the factors of productionearn their marginal product, this economy reaches the Golden Rule level ofcapital. (Hint: Begin with the identity that saving equals investment. […]
This is my work and no I do not intend to submit a tutor’s work as my own. I did research as well my the selected reading. However, to MY understanding multiple choices can be placed to one choice but it’s stated that only one goes to each scenario. I’m really confused and need help. Each scenario below practices one of the 12 Principles of […]
Suppose that the profit a Honda dealership makes on selling an Accord is random and is given by the following probability distribution:36% of the time the profit is 800, 26% of the time the profit is 1100; 18% of the time the profit is 1500; and otherwise, the profit is 1900. What is the expected value of the profit the dealership makes on selling an […]
An MBA degree increases the general human capital of its holder. My university has both day and night MBA curricula. Students in the day program almost always pay their own fees those in the night program are typically olderand work full time durig the day, and their employers sometimes pay their fees. Payment by employers appears to be inconsistent with our reasoning about why students […]
Suppose that an economy’s production function is Cobb-Douglas with parameter alpha=0.3. One way to solve B.-D., assume numerical values, e.g.: Assume A=1, K=1, L0=1 and L1=1.1. What if a gift of capital from abroad raises the capital stock by 10 percent. What happens to total output?
Question 48 When a firm hires 10 units of labor, 20 pens are produced. When it hires another unit of labor, the total output increases to 23 pens. If the price of one pen is $2, the value of the marginal product of the eleventh unit of labor is ________. $6 $4 $2 $1.50 If the marginal product of a worker is 10 units and […]
What are the conditions for a perfectly competitive market? What are some real-life examples of perfectly competitive markets? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm? Identify a good that you regularly purchase and you feel is in perfect competition – how do the characteristics of the goods and the market structure it operates in affect the firm’s ability […]
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