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Participating in the market for a product are 12 consumers, each of whom will buy at most one unit of the good, and 11 suppliers, each of whom will sell at most one unit of the good. The distribution of buyer values is as follows: Buyer Value Number of Buyers $1 2 $3 4 $5 3 $9 3 The distribution of seller costs is as follows: Seller Cost Number of Sellers $2 2 $4 5 $6 4 How many units of the good will be produced in a competitive equilibrium?
The long-run aggregate supply curve is vertical at economy's potential output level. Why is the long-run aggregate supply curve situated at his level of output rather than below or above the potential output level?
The firm is considering a quantity discount. The first 400 units can be purchased at a price of $120, and further units can be purchased at a price of $80. How many units will the consumer buy in total?
Research how externalities impacted the development of communication infrastructure- both positively and negatively and discusses a positive example of externality associated with the development of communication infrastructure and Explain why?
Your civil engineering consulting firm is going to purchase a new computer-aided design (CAD) system at a cost of $100,000. The CAD system will have no salvage value at the end of its useful life of 5 years.
particularly on the retail end where drug dealers sell the drug to consumers in the U.S. What would you predict would happen to the economic profits of the drug dealer? Suppose the family in South America form a cartel What is the result of the ca..
What is the main research question(s) asked by the paper? Why should we care about this question? How does it t into the literature in economics of history?
Your manager comes in with three sets of proposals for a new production process. Each process employs three inputs: land, labor, and capital.
Calculate the two error measures that you used in other model analysis and comment on the acceptability of the size of the measure.
Pop Dillard keeps hundreds of dollars in his mattress, saying he's distrusted banks ever since the Great Depression. Does the money he holds in his mattress provide a service to him
What is statistical discrimination and why does it occur, Provide an example of statistical dis-eliminations. Is statistical dionimination likely to persist overtime or will it eventuly disappear. Explain
What is the expected value and variance of the number of defective chips and what is the probability that they discover exactly 9 defective chips in this test?
Assume that the government proposes to cut taxes while maintaining current level of government expenditures. To finance this deficit, it may either
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