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The market demand is p=50-Q. There are two firms who behave as Cournot duopolists. For simplicity assume the marginal cost is zero
A) solve for the equilibrium price and output
B) compare results with monopoly price and output
Paul and his friend Tori make decorative art out of silver spoons. They want to start a business that they can easily dissolve when they move on to their next project. Which of these will suit their needs best?
What macro environmental trends and internal factors should Best Buy consider in developing new strategies? What actions might Best Buy take as a result?
How does the law of demand relate to the price and demand for gasoline in the United States? Does this law accurately reflect reality? Use current research, personal experiences, and economic concepts to state your response.
Per capita GDP in the long run: Suppose an economy begins in steady state. By what proportion does per capita GDP change in the long run in response to each of the following changes?
As we discussed, there are many different interest groups that exist in the United States today. For this activity, you will choose one such group and do some research to figure out what it does and how it does it. Research the web and other resource..
Suppose there are 13 firms in an industry; in the absence of regulation, each of them emits 4 tons of pollution (so aggregate industry emissions are 52 tons). What would be the equilibrium price of a permit? Calculate the total cost of pollution abat..
Show graphically the effect on the supply and demand for Bonds in a deflationary period.
q. 1. last year president obama proposed a job creation program that included a payroll tax cut? using economic theory
Sweden has a floating exchange rate . It is considered that the output is lower than the potential and there is disinflation which sometimes leads to deflation. Describe the situation using the IS-LM and AD -AS (SAS MAS) model. What can finance minis..
Draw an example of a monopoly with a linear demand curve and a constant marginal cost curve. Show the profit-maximizing price and output, p* and Q*, and identify the areas of consumer surplus, producer surplus, and deadweight loss. Also show the quan..
Suppose the production function for oranges is Q = k^1/3 L^1/3. Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ? Does this cost function have increasing or decreasi..
q.the table below explain how is the aggregate demand and short-run aggregate provide schedules of a country in which
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