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Q1. Illustrate what will happen to the equilibrium quantity also price of a product in a competitive marketplace when the increase in demand exactly offsets the decrease in supply?
Q2. suppose that 2 airlines are Cournot duopolists serve the Peoria-Dubuque route also the demand curve for tickets every day is Q = 220 - 2p (so p = 110 - Q/2 ). Total costs of running a flight on this route are 1,400 + 20q, where q is the number of passengers on the flight. Every flight has a capacity of 80 passengers. In Cournot equilibrium, every duopolist will run one flight every day also will make a daily profit of: a)$400 b)$800 c)$220 d)$700 e)$3000.
To determine which of the output levels represents a macroeconomic equilibrium.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
Consider an economy where there are N consumers, each of them having one unit of available time.
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
Provide examples of two industries with different time frames for the short run. Clarify why this is the case.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Illustrate what is the level of consumption at the equilibrium level of income.
Assume there is a drought that destroys a large portion of the tobacco crop. Explain what happen in the marketplace for tobacco.
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