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Two ?rms produce homogeneous outputs with cost functions
C1=q1^2
C2=2q2^2and the inverse market demand functionp=100-(q1+q2)
Derive the pro?t frontier, and explain why total pro?ts fall as the ?rms redistribute pro?t between themselves by redistributing output.
What was the Neolithic Revolution. Explain
Find the probability that on a given Tuesday more than 30 students will be absent and compute the expected value of X
Innovation lagged in the centrally planned economies because: there was too much domestic business competition. there was too much competition from foreign firms. A positive statement is one which is:
Evaluate how well the design of the First IB web site meets the needs of a potential small business customer. Discuss the elements of the site that work particularly well in meeting the needs of this type of site visitor.
After correcting the sign in the demand function, what is price elasticity of demand for movie tickets and what is the income elasticity of demand for movie tickets?
If you buy a new car the entire purchase is counted as consumption in the year in which you make the transaction. Explain briefly why this is in some sense an 'error' in national income accounting.
Q=aK+bL, where a and b are the coefficients of capital and labour respectively. Q refers to output, K refers to capital and L refers to labour. show that the marginal rate of substitution between capital and labour is MRTSKL=b/a
Explain what happens to the primary deficit in year t if the nominal interest rate in year t increases to 17%.
What is the most you would pay to call her and ask for the result? Be sure to show the decision tree that fuels your reasoning.
(a) Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller Why (b) How does a two-part tariff differ from bundling
Am I right in saying an isoquant for an output produced using 2 inputs that can be perfectly substituted for each other can be represented by a straight line
Suppose you currently live and work in cleveland, earning a salary of 70,000 per year and spending 30,000 for housing. you just heard that you will be transferred to a city in california where housing is 55% more expensive. In negotiating a new sa..
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