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What happens to price and output in the Cournot, Bertrand, and Stackelberg models if marginal costs increase by 10 percent? The market demand is p = a ? bQ and the marginal cost is constant across firms, i.e. mc1 = mc2 = c. You may consider for two firm case and multi firm case.
Wages are specified as dollars per hour of work and L represents number of workers per day. Determine total demand for plumbers in New York.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Supply is the world supply. Elucidate the consumer surplus at the equilibrium price. What is the producer surplus.
Assume for this project that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
If a competitive firm hires another full-time worker, total output increases from 100 units to 110 units per week. Suppose the market price of output is $25 per unit. Illustrate what is the maximum weekly wage at which the firm would hire that add..
Explain how does the capital/financial account differ from the current account. Give examples of what is included in each.
Do you recommend this strategy based on the information he has obtained
q.amazon instant video charges 4 per movie rental per day. if your demand curve for movie rentals is given by p 16-3q
Comment on this tradeoff between equity also growth.Explain how would you go about resolving the matter if you were the president of a small poor county.
Consequently, the firms’ top accountants and financial manager argue that the firm should raise the price of the product 10 percent above its original target to help recoup some of these costs. Does such a strategy make sense? Explain carefully.
Illustrate what is profit-maximizing level of price and quantity for this monopolist. Illustrate what will profits be at this price and output level.
Compute total revenue, total cost also profit at each quantity. Illustrate what quantity would a profit-maximizing publisher choose. Illustrate what price would it charge.
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