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Illustrate using an appropriate diagram where amazon.com sets price to maximise profit (adapting Figure 7.9d from CORE ESPP) to explain in some detail how the outcomes to customers compare to a more competitive, price-taking firm.

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Supply Demand | Price Elasticity Assessment Tasks Part 1 – 20 Marks Case Study on Amazon in the US Under capitalism, firms are always looking for economic rents made by degrees of monopoly power, through institutionalising innovation. Consider Amazon, which started out in the mid-1990s as a humble online book retailer and is now the […]

Explain the topic and it’s relevance in terms of the economy.

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United States National Debt The paper should explain the topic and it’s relevance in terms of the economy.Paper must be atleast 1000 words ,double spaced,Times New Roman Font APA citation format .Atleast 5 references (APA Format) .Paper should include an introduction ,body ,and conclusion

Submit a research paper relating to a macroeconomic topic or current macroeconomic event.

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How Covid-19 Impacted Inflation in the United States Submit a research paper relating to a macroeconomic topic or current macroeconomic event. The research paper will be due in Workshop Five. The paper should be between five to six pages in length (excluding any cover pages, bibliography, works cited, or endnotes pages), double-spaced and properly annotated […]

Write the equation that represents the line.What would predict saving to be at the $12,500 level of income

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The following table contained data on the relationship between saving and income: Income Per Year Saving Per Year $15,000 $1,000 0 – 500 10,000 500 5,000 0 20,000 1,500 a) Rearrange the data into a meaningful order (Hint start with 0 and – 500). b) Graph them on a piece of paper. c) Calculate the […]

Write an analysis paper on the economists Richard Cantillon and William Petty.

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Write an analysis paper on the economists Richard Cantillon and William Petty. Make sure to include the following points: A short introduction to the thinker. This might include a brief summary of the context in which the author is writing, and-thus-what motivated his thinking. It might also include why the issues were thought to be […]

Explain the problems that can occur to someone who has many loans when inflation ends up being different from expectations.

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Economic challenges from the pandemic Consider how the COVID-19 pandemic has affected Australia’s aggregate economy during the first twelve months of the pandemic, with respect to the following challenges. For each challenge, write a brief observation using your economic knowledge, and gather some data to support your observations. Source relevant statistics from government databases. Costs […]

Define the term “property rights” and explain why the lack of well-defined and enforceable property rights is detrimental to the smooth functioning of a market system.

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Principles of Economics Define the term “property rights” and explain why the lack of well-defined and enforceable property rights is detrimental to the smooth functioning of a market system. – 12 pt font with double spacing -350-500 words -use quotes from study guide attached below if possible(Unit 1) -Intro- body paragraphs-conclusion set up THANKS!

Analyse Chile an emerging/developing economy and Canada a developed economy as a possible site for a firm to establish a subsidiary.

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Description Weight: 25% Task Overview: Analyse Chile an emerging/developing economy and Canada a developed economy as a possible site for a firm to establish a subsidiary. 1. Assume that you are responsible for a large Australian manufacturing firm that is keen to internationalise by establishing a subsidiary (office) in the host economy. Consider the economic […]

Suppose we had another focus group sample, ran a regression on that sample, and obtained the same coefficient on price but with a standard error 10 times as large. The standard error would be 327.78 and the new t-statistic would be -1.26. The price coefficient wouldn’t be statistically significant because the p-value is higher than 0.05 (5%).Why is statistical significance of the price coefficient important in the second example?

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Demand for iTunes Description (First Example) The standard error of this estimated coefficient is 32.78 The standard error= estimated coefficient/ t-statistic SE= -413/-12.6 (Second example) Suppose we had another focus group sample, ran a regression on that sample, and obtained the same coefficient on price but with a standard error 10 times as large. The […]

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