Assignment # 7
Read the article attached, and then answer the following questions.
a) What changes in the monetary base have occurred since October 2008
Initially, in 2008, the Fed started paying reserves interest and began to crea
According to the article, what form of collusion are these giant tech
companies involved in?
The main form of formal collusion would be the firms agreeing to hire former employees of
competitors. The firms would allow the competition to hire whomever t
What strategies do managers of companies have to keep in mind about
elasticities to maximize revenues? Explain your answer.
In product elasticity, to gain maximum revenue, a manager must understand a products
demand directly correlates with the products w
In the Apple firm, the market structure is pure competition. The software that Apple
manufactures, iOS, cannot be found with any other brand name. They are competing with other
software companies such as Microsoft. It could be said that Apple is monopoliz
A) With the global demand increased for cell phone production, the price of the cell phone will
increase in the short run. With that price increase and the demand increased, there will be
market equilibrium. In market equilibrium, production companies can
How do we apply the concepts of economies of scale to this article?
In this article, economies of scale can be applied in that the larger the TV maker company is,
the better chance they have at successfully creating and selling a new TV product. Larger
1. The elasticities in this news clip example are income elasticity of demand and elasticity of
demand. The change of transportation fuel and amount spent on fuel shows the income
elasticity. With the changes of American household incomes fluctuating, the
1. Some things that I have chosen to specialize in that others would pay for is medical
advice, hair care, skin care, make-up, cleaning, house painting, cooking, and yard work.
As a nurse, I have access to free medical advice through the doctors I work wi
Name:_ Elizabeth Brunner_
Read the attached article and answer the following questions:
1) What type of unemployment might older workers be more prone to experience?
The type of unemployment that the older workers may face is structural unem
The main form of formal collusion would be the firms agreeing to hire former employees of competitors.
The firms would allow the competition to hire whomever they fired or released and allow other firms to
hire them. Another way that these tech companies
1. According to the article, what factors impact the starting pay of an MBA? Discuss the
pay in context of the demand-supply model discussed in this module.
Factors that impact the starting pay of an MBA graduate would include three extra years of