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Compare and contrast the four market structures. Include comments in regards to price setting for profit maximizing, origination of the market structure, and government responses and/or involvements in each type of market structure.
Suppose the government of a desert community wants to punish excessive water usage, where "excessive" is defined as any usage greater than 100 gallons/week. to do this, the government paces a flat $100 income tax on anyone who consumes more than 100 ..
Problem 1: David has $50 to spend on chocolate (X) and ice cream (Y). The price of chocolate, PX, is $5, and the price of ice cream, PY, is $8. His utility function for chocolate and ice cream is given by U = 2X1/4Y1/5.
Suppose there is a decline in marginal costs for one member of a cartel. What impact will this have on the incentive of that firm to cheat on the cartel agreement? Explain.
Elucidate the likely impact of this event on the market for gasoline and the market for small cars.
What is the law of comparative advantage? How do you use it to support free trade in the world? What international institutions were created and how have they worked to liberalize international trade?
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
q1.if the inverse demand function toaster is p60-q what is the consumer surplus if price is 30?q2. statistically
Plot the forecasts against the realizations. Are the forecasts good?
You are indifferent between 2 jobs, which differ in their danger levels and compensation. You can be a crab fisher in the Bering Sea, which pays $70,000 for a 3-month period, or you can be an accounting intern, earning $2,400 for the same period. The..
q.assume that each criminal i has the following utility function uibo-fo2 where onumber of crimes committed bper unit
Which of these will still be needed when you move your company to PayMaster?
At 36 units of labor, a firm finds that both average product of labor and marginal product of labor equal 42. We can conclude that the average product curve at 36 units of labor is
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