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Q. Consider a market consists of a dominant rm producing the majority of the market supply and large number of small firms acting as competitive firms (dominant rm model). Assume the Environmental Protection Agency sets new requirements that raise the fixed costs of reporting compliance with pollution control rules. How would this change affect the market price, the number of small firms, total output and the dominant firm's share of the market? What does an increase in fixed costs due to the average cost curve of small firms?
Which system would be accompanied by occasional currency interventions by central banks to stabilize or alter rates to avoid persistent balance of payments deficits or surpluses.
Illustrate on your graph and in words all important points and areas on the business cycle.
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.
Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
A young physician makes $180,000 per year with an annual salary increase of 2%.
If there was a capital gain tax of 30 percent, what is the after-tax real interest rate, with the inflation rate of 8 percent.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
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