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Once again, assume Cournot competition in an industry in which market demand is described by:P = 260 - 2Q and in which each firm has a marginal cost of 20. However, instead of two firms, let there now be four.a. What is the one-period Nash equilibrium market price? What is the output and profit of each firm in this equilibrium?b. What is the output of each firm if they collude to produce the monopoly output? What profit does each firm earn with such collusion?
Based on the Federal Housing Finance Agency house price index, United States housing prices declined throughout 2008 and 2009.
Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
Using the static classical AD/YP model, demonstrate the effect of each of the following changes.
What is the core issue in this interest group politics Which groups are pro limits Which groups would you imagine are lobbying against Are these peak associations or public interest groups What does Goldsmith mean by industry capture
Discuss the upshot of this policy in terms of a new equilibrium. Is this policy likely to have a negative repercussion on the crime rate? Can you come up with an idea concerning a major drawback of this policy?
To try to determine what fee customers were willing to pay for expedited payments, the bank conducted a survey. It was able to determine that many of the people surveyed already paid fees for expedited payment services that exceeded the maximum fe..
Explain how would you relate the hiring practices of that industry or industries to fluctuations in the business cycle.
Assume the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses during the past several years.
Explain how one of the components of the GDP would help you to predict the amount of inventory to keep in stock if you were the owner of a retail store and were placing a merchandise order for the next few months.
Assume that you have drawn a total product curve for labor given a technology. Now let some sort of technological change rise in the productivity of labor.
Suppose that as a result of many years of investment in research and development of new technologies, an economy discovers a new way of producing energy using renewable sources.
Explain why cannot nations like Greece or Spain use quantitative easing as a means to stimulate their economies.
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