How do entrepreneurs engage in active search to discover opportunities? What role does alertness play in discovering opportunities?

Reflect on the idea of product. What is a product? When people buy products, what are they really buying?

how is AstraZeneca hoping to deal with the price level differences between developed and developing country markets?

What do you say about the differences and similarities between Turkish Central Bank (TCMB) and The US Fed?

Firm X is the only firm in its industry. Currently, Firm X charges $75 per unit, a price well in excess of its marginal cost of $5 per unit, and earns $70 million per year in profit. According to a trusted source, the manager of Firm X learned that a new firm is contemplating entering the market. This would reduce its profit to $40 million per year. If Firm X expanded its output and lowered its price to $50, the entrant would find it unprofitable to enter the market, and Firm X would earn profits of $50 million per year for the indefinite future. Explain and show your work:

a. What pricing strategy is the manager of Firm X considering?

b. If Firm X was able to credibly commit to maintain a price of $50, would it be a profitable strategy? Explain.

Analyze and compare the four market structures with respect to their characteristics (perfect competition,oligopoly,monopolistic competition and monopoly).

illustrate with graphs

Select either China, India or Cuba.  Write the top 10 things you would tell an American traveling to this country that they need to be aware of.  It can be related to culture, country history, local laws, etc.

Assume that Monica is spending all her income on purchasing a combination of two products: cookies (C) and tea (T). The marginal utility of cookies (MUC) is 12 and the price of a cookie (PC) is $3. The marginal utility of tea (MUT) is 10 and the price of tea (PT) is $5. Is Monica maximizing utility? If not, what should she do to maximize utility? Explain

Consider a perfectly competitive market that is currently in a short-run equilibrium, and where each firm in the market is making strictly positive profits. Each firm in the market is using a technology called the type A technology. Suppose that the type A technology is available in some finite number. Passed some threshold, new firms that would enter the market would have to use the type B technology, a different (and inferior) technology. The type B technology results in a higher long run average total cost curve than the type A technology. Given that the market exhibits positive profits in this short run equilibrium, new firms are going to enter the market. Claim: In the long run equilibrium, all firms in the market will be making zero economic profits. prove whether the claim that long run profits are 0 is true or false in this case. The use of graphs, whenever appropriate, is encouraged.