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1. Under what conditions are the Cournot and Bertrand equilibria the same?
2. What happens to price and output in the Cournot, Bertrand and Stackelberg models if marginal costs increase by 10 percent?
Suppose that after graduation you take a job with an employer that oers to pay full tuition for employees wishing to return to school to get an MBA degree during non-work hours. You are not required to continue working for the rm a..
Select a United States company with global operations. Discuss the company's activities outside the United States and Discuss the impact of globalization
ppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. A. What are the required reserves of People's National Bank Does thebank have anyexcess reserves B. What is th..
Explain why governments sometimes impose a price ceiling in a competitive market and explain three types of long run supply curves using the real industries.
Analyze the makeup and policies of the European Union and determine if all countries have benefited from their membership (larger vs. smaller countries)
Test the null hypotheses that the slope terms are individually insignificant using one-tailed t-tests using a .05 level of significance and evaluate the quality of the model.
Identify the following components for a lesson you might want to teach intended grade level for instruction
Employ the following equation to demonstrate why the firm producing at the output level where MR=MC will also be able to maximize its total profit
Elasticity of demand for a good with respect to its own price, yet pay careful attention to the algebraic sign of the elasticity of demand for a good with respect to another good's price.
If the two are not independent, a shift in the demand curve can lead to a shift in the supply curve referred to as? a)supply-side economics b)physician-induced demand
Would the accumulation of historical prices and quantities exchanged in the market establish a long-run supply curve? How would the historical relationship differ from how firms (and economists) envision today's long-run supply in the industry?
Frederic Bastiat (1801 - 1850) was a French political economist famous for exploding popular economic misconceptions
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