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Based on the best available econometric estimates, the market elasticity of demand for your firms product is -2. The marginal cost of producing the product is constant at $150, while average total cost at current production levels is $225. Determine your optimal per unit price if: A. You are monopolist B. You compete against on other firm in a Cournot oligopoly C. You compete against 19 other firms in a Cournot oligopoly.
Social change in a culture comes from social movements. Compare and contrast 4 different types of social movements and provide an example of a specific social movement that has occurred for each (Reform Movement, Revolutionary Movement, Religious Mov..
How are the BRIC economies alike? How are they different? Describe the process of Chinese reforms from their beginning in 1978 up until China’s accession to the WTO. What were the factors that led to economic reform in India? Why did economic reform ..
Trace the problems inherent in the unequal distribution of the benefits produced by the American economic system. Focus on the efforts of labor to change that inequality and on capital to retain its favored position. Describe evidence of inequality a..
Investco wants to invest money that would generate an annual yield of at least $20,000. Two stock groups are available: bank stocks and tech stocks, with average annual yields of 15% and 25%, respectively. What is the minimum amount of Investco shoul..
The demand for snorkels in Berhama is given by QS = 500 – 8PS and the supply of snorkels in Berhama is given by QS = 200 + 4PS. The demand for kayaks is given by Qk = 1850 –6Pk and the supply of kayaks is given by Qk = 50 + 1.5Pk. Both goods are curr..
Do you think there are lessons for American capitalism in Europe’s experience? Is it the other way around? Might both have things to learn? Do you think that the general acceptance of the market framework by Europe’s socialist parties signals an end ..
In general, do you favor having government more and more power to regulate private industry? Please provide documentation for your answers. Feel free to comment on the postings of your fellow students.
q.suppose that in free zone the cycle presented in the problem 6 the aggregate supply curve is short plasterboard cafos
decide how line is too long and leave without getting into line. Assume that no car that actually chooses to enter line leaves without service.
Discuss the various ways inflation can hinder economic activity. What are some strategies you might use in your life to deal with rising inflation? How might these strategies change if we experienced deflation?
A section of roadway pavement costs $22,000 a year to maintain. What immediate expenditure for a new replacement of the existing pavement is justified if no maintenance will be required for the first 5 years, $7,500 per year for the next 10 years and..
q.a monopolist operates in two markets. one market is the domestic market described by the demand function qd100-pd
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