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Assume that you are an industry consultant. You are called in to consult on two different international analyses. For both of the scenarios below, show all your calculations very carefully! Make sure to explain where necessary
Scenario 1:
Begin your analysis by finding a benchmark socially efficient level of output. Then compare the competitive industry level of output with the monopolistic level of output. Show all your calculations.
The industry is in Kenya. Your initial assessment shows that the general inverse demand function for the market is P = 400-8Q. Further analysis has indicated that the external marginal cost is 7Q. The internal marginal cost is twice the external cost.
Scenario 2:
Begin your analysis by finding a benchmark socially efficient price and level of output. Then calculate the monopolistic price and level of output. Finally calculate the threshold dollar amount that the monopolist should budget for lobbying to bar price regulation to take prices to the socially optimal level. Show all your calculations.
The industry is in Bangladesh. It is a monopolistic industry. Your initial assessment shows that the general inverse demand function is P = 80-4Q. Further analysis has indicated that the cost function is C(Q) = 16Q.
"The Smiths had assumed that large volume would bring profits through lowering unit costs." according to one company report, "The more paint and varnish we sold, the more money we lost." Draw an average cost curve showing the relationship between ..
Further assume that in a good year the artist earns $50,000 and that in a bad year she earns $30,000. calculate the artist's average propensity to consume on average.
In a multiple regression model using 310 students to explain college grade point average, the following explanatory variables are initially included in the regression: high school GPA, ACT score, number of credits completed, mother's years of educ..
Shelly's preferences for consumption and leisure can be expressed as. This utility function implies that shelly's marginal utility of leisure is C-200 and her marginal utility of consumption is L-80.
Clearly explain how net foreign investment links the market for loanable funds and the market for foreign currency exchange. Make sure you define net foreign investment in your answer.
Illustrate what will happen to the input prices wages (w) and rental rate of capital (r) after this change in technology.
How much profit does an individual producer make in a month? Is this a long-run equilibrium? If the answer is yes, simply state that it is a long-run equilibrium. If the answer is no, explain whether or not the equilibrium price will rise or fa..
Which of the following is true for perfect competition, monopolistic competition, and monopoly?
Write down the relationship between savings, capital formation, and consumption.
Describe macroeconomic issues such as the Business Cycle. The article must be recent, in other words, dated within the beginning of the semester. I must be able to open the file to grade the assignment or the grade will be zero.
Determine whether the following production functions exhibit constant, increasing or decreasing returns to scale.
Describe the subsidy program and explain what spillovers are generated from the subsidy. Explain how both consumer and producer surplus will be affected by the subsidy. Will they increase or decrease?
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