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Q. Suppose that market demand for golf balls is described by Q = 90 - 3P, where Q is measured in kilos of balls. There are two firms that supply the market. Firm 1 can produce a kilo of balls at a constant unit cost equal to $10.Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium? What is the market price and what are firms' profits?
If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Jim Vendors is viewing about manufacturing a new type of electric razor for men. If advertise were favorable, he would get a return of $100,000.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%.
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
For the industry you have chosen, discuss how price moves from today to the future.
Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.
The unsold computer is carried on XYZ's books as an $800,000 increase in inventory.
Excise tax is levied on the buyers of a good, then after the tax buyers will pay for each unit of the good.
Using the formula for β^1 and β^0, show what will happen to the estimator of the slope and intercept in the SLR model if y is multiplied by the constant k, and at the same time x is multiplied by the constant m.
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
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