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Some years ago, conservation groups paid cattlemen in the Western United States to move their herds away from wild buffalo herds so that the buffalo would have more feed and would not have to compete with the cattle. What is the relevance of the Coase Theorem in this case?2. Great Cars Inc. faces the following demand function for its automobiles: P=55,00 - 200 Q Its marginal cost (MC) is $9,000. What will its price be if it decides to sell the automobiles by itself and what will the price be if it sells though DistriCorp, Inc. an independent distributor. Note that when Great Cars, Inc. contracts with DistrictCorp, it has to take into account that DistricCorp faces the same demand curve. What is the consequence of this exclusive dealing on prices?
The Canadian consumer confidence rebounded sharply in September 2012. This is a significant rebound since the plunge in October 2008. According to some analysts, the good news from Europe and the jump in the stock market appear to have had an effect ..
a monopolist has determined that marginal revenue is 2.00 and average cost is 1.75. it has also determined that the
Interpret the slope coefficient. If each mailing costs one guilder, is the charity ex- pected to make a net gain on each mailing? Does this mean the charity makes a net gain on every mailing? Explain.
assume that the federal reserve the fed unexpectedly shifts to restrictive monetary policy. why would the fed make such
Give at least two examples of a perfectly competitive market and explain what characteristics led you to that decision. Second, give at least two examples of a monopoly market and explain what characteristics led you to that decision.
Which of the following is most commonly used to monitor short-run changes in economic activity - If expected inflation is constant, then when the nominal interest rate increases, the real interest rate.
Use your spreadsheet's optimizer to find the meal proportions that meet the BMI and heart goals at minimum cost. Which category is not a part of the least-cost weekly meal plan?
what is the most common way modern labor unions use to raise wages? this will result in the fewest jobs lost if labor
1. college education provides higher income for the individual but also a more productive and more educated person who
For the production function Q = K 0.35 L0.5 write the marginal product of K and L
what does the federal reserve take into account when establishing general and specific rates of interest? describe the
How does an employer- paid social security tax on wages affect a competitive firms supply curve
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