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Infinitely Repeated Cournot Duopoly: Alice and Bob each operate each operate a firm in a quantity setting (Cournot) duopoly game. Let the cost of a unit for Alice and Bob be 6. They both face the same market demand equation: P = 24 - Q, where P is market price and Q is the total quantity supplied to the market: Q = qAlice + qBob . Suppose Alice and Bob Interact repeatedly. Let the continuation probability be 0.9.
Suppose the RBA were to implement a simple rule for monetary policy, such as one that makes the monetary aggregate M3 rise at a steady rate of 3% per year. When would this rule work and when would problems occur with such a rule?
The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
Elucidate why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.
If the manager of impact industries decides to produce 240 units, illustrate what will the long-run total cost also long-run average cost of producing 180 units.
If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.
Are you concerned that automation may increase unemployment or underemployment in the United States and around the world.
At the current price level, would it be viable for the firm to increase the price level of its brand of coffee. Support your answer.
Which nation has comparative advantage in wheat production? In cotton production. Which nation has absolute advantage in wheat production.
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
Why would a US company choose to export a product to India rather than license India the right to produce the product locally
Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.
Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.
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