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Consider that an entrant's ability to enter a market is fought, with the possibility of withdrawing from the industry (at a loss of 1 for the entrant and a gain of 8 for the incumbent), or staying (at a loss of 5 for each player). What is the equilibrium of this game? Discuss if the entrant is better off with or without the ability to withdraw.
Explain how does the Concept of Comparative Advantage actually "prove the advantages" of free trade to both countries involved in a transaction.
The average weekly earnings of bus drivers in a city are $950 with a standard deviation of $45. Assume that we select a random sample of 81 bus drivers.
Suppose that the economy is at full employment and government make decision to cut taxes to give the economy an extra boost.
Elucidate why, at one point in time, a Keynesian approach to managing the macro-economy might be appropriate while, at another point in time, a classical approach might be more likely to produce a superior outcome.
Describe autarky equilibrium if all the English always consume equal quantities of wine and cloth. Describe autarky equilibrium if Portugal always consumes equal quantities of wine and cloth.
Stating curves so that the quantity demanded & quantity supplied are both functions of price, putting value on horizontal axis. There is more than one demand curve, but all have a slope of -5.
Thailand Economy: I am third year student at college of Business (Finance). I have Macroeconomic research paper about Thailand economy. I want research paper and PowerPoint slides to present the paper.
Find out Trade Stats Express also find out National Trade Data. Determine the trade balance between the U.S. and China for the period of 2005-2011.
Suppose a company where production depends on two inputs: labor and capital, with prices w and r, respectively. Initially, the company faces market values of w=6 and r=4.
Create a supply and demand graph and identify areas of customer’s surplus and producer surplus. Given the demand curve, determine what impact will an risee in supply have on amount of customer surplus shown in your diagram?
What would be the effects on employment and unemployment given the actions taken by the Fed.
If the rate of return earned on reinvested funds is 15 percent also the industry reinvests 40 percent of earnings in the firm, what must be the discount rate.
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