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Consider a situation where a monopolist faces the following inverse market demand curve p = 100 - q and the following cost function TC = 4q + q2
a) derive the marginal revenue and marginal cost functions
b) what are the equilibrium price and quantity if this market behaved as if it were perfectly competitive?
Which represents full & unfair insurance? Geting insurance turns IS into I'S. This represents. What term represents the insurance company's EXPECTED profit if a policyholder does not get sick?
Identify for each of the following whether the actual multiplier in the banking system is rising or falling? 30 points Banks increase their reserves beyond what is necessary.
Assume you are assigned to conduct an audit of a municipal police department that has been awarded a state and federal grant to reduce driving while intoxicated violations over an 18- month period. What documents, statistics and analysis would you wa..
In a new study business school professors Christian Broda of the University of Chicago and Jonathan Parker of Northwestern University conclude the stimulus payments "are providing a substantial stimulus to the national economy, helping to ameliorate ..
Suppose China wishes to peg the Chinese Yuan to the US dollar at $0.20/Yuan. But, because of foreign funds flowing into China, the Yuan appreciates. How can the People’s Bank of China (China’s central bank) maintain the pegged exchange rate? Is the B..
How does the role of inflation affect decisions that you have to make? What is the unemployment rate in your local area and in your state? How does this compare to the national average and why is this rate so important to evaluate?
Tom and Jacob are college student. each of them will probably get married later and have two or three children. Each knows that if he studies more in college, he'll get a better job and earn more money. What type of externality arises from studying?
A Rand Corporation study of cocaine estimated the price elasticity of demand for this illegal drug.
What is the four-firm concentration ratio (CR4)? What is the Herfindahl-Hirschman Index (HHI)? How do these two measurements differ? How are they similar? Calculate the CR4 and the HHI for the following two situations:
Which human services occupation suits you best? Which one would you like to pursue? Why? Be sure to address the following in your responses: Tell us about the career. Do you have a history or experience of some kind in that area? What are the strengt..
Write 3-4 paragraphs pertaining to the theme below, be detailed on your work: The nuances and intricacies of nineteenth and twentieth century political and economic ideology The relationships among war, economics, and politics in twentieth century Eu..
Illustrate what would happen in the Tempe pizza marketplace if pizza also sub sandwiches are substitutes also there occurred
Two siblings, Sarah and Tom are playing a simultaneous hit and tell game. Sarah can hit Tom or not and Tom can tattle on Sarah or not. Relative to no hitting and no tattling, if Sarah hits Tom, and he tattles they both experience a loss of 10. If Tom..
What does Autor mean by "polarization of job opportunities?" Illustrate what is the primary cause of this polarization.
Provide an example of costly monitoring in the healthcare workplace. Can you think of an employment contract that would allow a reduction in monitoring without a reduction in quality?
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production. It has found that, for its two inputs K and L, it has the following marginal products: MP_K = 12 units and MP_L = 20 un..
mixed economic systems answer the three fundamental economic questions of what to produce, how to produce, and for whom to produce, including global environments
Find out the equilibrium level of GDP. Next Find out the multiplier for government purchases also fixed taxes.
The CEO of major automaker overheard one of division managers makes the following statement regarding the firm's production plans: "In order to maximize profits it is essential that we operate at the minimum point of our average total cost curve". If..
Which segment of the population is one of the wealthiest in the U.S.?
Discuss why silence can be an effective response to a request for a last-minute concession and when the nickel-and-diming approach can be utilized most effectively.
From institution-based and resource-based views, identify the liability of foreigners confronting MNEs from emerging economies interested in expanding overseas. How can such firms overcome them?
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