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Microsoft and a smaller rival ofter have to select from one or two competing technologies. The rival always prefers to select the same technology as Microsoft (because compatibility is important), while Microsoft always wants to select a different technology from its rival. Describe the equilibrium of this game.
Why is representative money more useful than commodity money. representative money has value because the government says it does or else.
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.
Suppose that you are a worker. Your cost of working is $5.75. Youve submitted an asking wage of $7 but no employer has been willing to pay that much. The highest bid being offered by the remaining employers is $6.10. There is only enough time left fo..
One of the determinants of demand is consumer's disposable income. In reference to this, what will happen to demand if the government increases income tax
The sum of the frictional and structural unemployment rates is thought of as the find a job because his or her job skills have become obsolete is an example of frictional unemployment
you are the accountant for the millenium corporation. last year the company purchased a 2500000 coporate jet to be used
consider the case of two countries that start with equal levels of gdp. the growth rate of the first country is 3 while
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets. There are numerous relatively small sellers, each seller is a price - taker , and the products are quite similar. a) How could we argue that t..
At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve
macropoland a country that is a natural gas and oil importer has a natural rate of unemployment at the full employment
Businesses spend $1,000 in new investment spending. And, foreigners spend $500 on exports. In order to avoid any problems of inflation or unemployment, the government should have a budget deficit or surplus of:
Would there be a cost to you to attend the Cowboys' games during the 2010 season and is anything puzzling about Falk's pricing pattern?
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