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a. Given the Demand curve for flyswatters Q = 500-50P, estimate the quantity demanded for the following prices.
b. Graph the demand curve.
c. Now consider a new demand curve for flyswatters Q = 1000 - 50P, estimate the quantity demanded for the following prices, Graph the demand curve.
If the desired fiscal stimulus is $20 billion and the desired AD increase is $50 billion, we can conclude that the MPC is:
Suppose that there are N firms in a competitive industry-Calculate the number of firms that will be in the industry in the long run and what will be the profit of each? Explain.
Indicate whether each of the following statements is true or false and explain why.
A firm uses a single plant with costs C = 160 + 16Q + .1Q 2 and faces the price equation-Find the firms profit maximizing price and quantity. What is its profit?
In the text we mentioned how Levi Strauss price discriminates between the European and American markets. This question is designed to help you analyze this situation.
Answer whether the following statements are true or false, explaining your answer in each case.
Budweiser, Miller and Coors who together produce 80% of all beer consumed in the US, each spend well over $250 million a year on television advertising campaigns, promoting their beer brands.
According to a recent article in the Wall Street Journal, side-impact crashes are among the deadliest, accounting for nearly 10,000 deaths per year.
Use a production possibility frontier to illustrate the probable results of your fiscal policy. By how much did consumption change? By how much did savings change?
Application of Nash Equilibrium and Game Theory with examples
What takes palce to output, the optimal scale of a firm, and price if there is a free entry into the market.
Which type of firm faces the most elastic demand curve? In which of market structures are firms able to earn both accounting and economic profits in the long run?
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