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1. An oligopoly contains N identical firms. The cost function is convex in output. Show that if the firms act as Cournot competitors then as N increases the market price will approach the competitive price. 2. Two identical firms consider entering a new market; setting up in the new market incurs a once-for-all cost k > o; production involves constant mar- ginal cost c. If both firms enter the market Bertrand competition then takes place afterwards. If the firms make their entry decision sequentially, what is the equilibrium?
What is the most common way modern labor unions use to raise wages? This will result in the fewest jobs lost if labor demand is elastic or inelastic?
What is the size of the firm's profit. Suppose that the allocatively efficient output level in long-run equilibrium is 200 meals. Is the deadweight loss for this firm greater than or less than $60?
How do costs play into your everyday life For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate? Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)
Forecasting models can be divided into three groups. They are:
Companies can benefit from lowering their corporate income taxes globally. Explain how Apple has done this and how some US pharmaceutical companies are using M&A to achieve similar results. Do you think this is unethical or unpatriotic?
The national accounts treat all government purchases of goods and services, G, as part of real GDP. But suppose that the public services derived from government purchases are an input to private production, say: Y = F
You examine your organization regarding how it is affected by these economic variables and policies.
Develop an alternative design for this research study.
Students fascinated with your explanation and eager to learn more, ask about the shape of the demand and supply curve in each industry. Provide a demand and supply graph for each industry to explain. Label equilibrium price and quantity.
Discusses a number of public relations duties. Choose the most challenging of these duties and explain why it is more difficult than the others.
Which are the most important hypotheses that follow from this theoretical approach to geographic mobility. Discuss how higher proportional and progressive income taxes are likely to affect the mobility decision.
Find the company annual report from SEC.gov or the investor relations section of the company's website.
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