Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A competitive industry is composed of identical firms each with cost function C = 1 + 2Q2 ,where C denotes cost and Q is the level of output. The government imposes a fixed fee of $1 per year on each firm that operates in this competitive market.
(a) What happens to output, the optimal scale of a firm, and price if there is free entry into the market?
(b) Suppose instead of imposing the $1 fixed fee, the government imposes a tax of $1 per unit of output. What happens to the optimal scale of firms? We again assume all firms are identical and any firm can enter the market.
Suppose a union is the sole supplier of labor to all the firms in an oligopoly, such as the United Auto Workers is to General Motors, Ford, Chrysler, and so on.What is the subgame-perfect outcome of this game? How (and why) does the number of firms a..
Imagine the economy starts off at the steady state, with m=v=1 and b=1/2; additionally, suppose that the Fed's infaltion target (π-bar) is 1% and that the real federal fund rates (r-bar) is 1%. In period 1, political uncertainty causes a negative AD ..
Boris budgets $40 week for his morning coffee with milk. He likes it only if it is prepared with 3 parts coffee, 2 part milk U= min{3/2M,C}. Coffee costs $2/oz, milk $1/ oz. (For the questions below, show your work briefly) How much coffee and how mu..
Why is it being used to hold "illegal combatants" instead of a military prison in the United States
What are the price-quantity effects of this tariff on domestic consumers, domestic producers and foreign exporters. Explain how would the effect of a quota that creates the same amount of imports differ.
What are the major determinants of the elasticity of demand? When would you want to own a business that sells price-elastic products? Why?
The hospital relies on grants and contributions from outside donors and the city depends on funds and grants from the federal government and taxes of the citizens and sales within the city. Why does the hospital not rely on money from patients?
Suppose the demand for apartment rentals in New York is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in New York?
NY state will soon implement a $15/hour minimum wage for fast food workers. What is your prediction of the short run effects of this policy? What is your prediction of the long run effects?
You are a firm in the highway billboards industry. Your industry is highly concentrated, with a Herfindahl-Hirschman Index of: HHI=3,000. You wish to merge with another firm in your industry, which would cause the HHI index to rise to HHI=3,050. Prov..
If the demand for a good is elastic with respect to its price, then a: change in price will cause revenues (or consumer expenditures) to change in the same direction. change in price will cause revenues (or consumer expenditures) to change in the opp..
Small mistakes are the stepping stones to large failures. How might this saying apply to the simple model of the firm and marginal analysis? Do you agree? In your responses
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd