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In a market with duopoly, if market demand is P=90-Q find the cournot reaction curves and the qournot quantity solutions in the case where marginal cost (MC=0) and the case where MC=30, what are the monopoly quantities in both cases? and which quantities are bigger Cournot or Monopoly?
In which directions are they pushing or pulling the U.S. economy? Also, do you think the gap between real GDP and potential GDP will widen or narrow?
Suppose that U.S. government actively uses the fiscal policy to fight against recession and rising unemployment. To incorporate this behavior of government into the model, let’s assume that the government spending equation is given by where 0. Assume..
What are two ways for a competitive firm to determine the optimal level of production, that is, the level of production that will maximize profit or minimize losses
Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free? At what price would no caps be sold? Calculate the price elasticity of demand at a price of $6?
q1. how does the theory of efficient production apply to managers of government bureaus or departments that are not run
Illustrate what are the consumer surplus, producer surplus and the social welfare in the market.
determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.
Illustrate which combination of fiscal policy actions would be most contractionary for an economy experiencing severe demand-pull inflation.
Explicate why one of them brings positive effects to the economy also the other negative effects.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4.
Explain how much would the combined production of pineapples increase for the two islands due to trade. How much would the combined production of pearls increase.
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