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At a certain fire station, one team of fire fighters consists of 8 firefighters. If there are 24 firefighters qualified for a team, how many different teams are possible?
Suppose that the firms in an oligopolistic market engage in a price war and, as a result, all firms earn lower profits. Game theory would describe this as what?
The output, revenue, and profits for a firm under bad times for a firm in isolation and in a pooled labor market. b) the output, revenue, and profits for a firm under good times for a firm in isolation and in a pooled labor market.
Suppose quantity demanded for the good rises by 10 units at every possible price while at the same time quantity supplied falls by 5 units at every possible price (with the exception that quantity supplied cannot drop below zero units at any price..
q. 1. continue to read chapter 4 of your text book that deals with demand analysis. every assignment ought to answer in
Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make
What is the present value of the following series of payments $300 made at the end of every year starting in year 1 and ending in year 40 EXCEPT there will be no payment of any kind at the end of year 18? Interest is 10% annual rate compounded annual..
Bill borrowed $10,000 to be repaid in quarterly instalments over the next 7 years. The interest rate he is being charged is 11.76% per year compounded quarterly. What is his quarterly payment?
Consider an industry with inverse demand: p (y) = 90 − y where y denotes industry output. There are two firms: firm 1 is the incumbent firm and firm 2 is the potential entrant. Firm 1 can adopt one of two technologies. Suppose firm 1 adopts technolog..
Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j. Suppose that z = 1, b = 0.4, e = 0.9 and k = 0.24. Suppose that w = 0.75 Find the unemployment rate in th..
The number of people employed in a city were 128,000. The adult population was 201, 000 and the labor force participation rate was 67%. Based on the figures listed above, what is (1) the unemployment rate, (2)labor force participation rate, (3) numbe..
Suppose there is a simultaneous increase in government spending and reduction in the money supply. Explain with the help of a graph what effect this particular policy mix will have on output and the interest rate. Based on your analysis, do we know w..
Recall the Monopoly Pricing formula using Demand Elasticity and use it to price.
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