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Explain Cournot competition. Illustrate and explain strategic substition. Illusrate and discuss the operation of the Cournot model as it relates to the empirical evidence regarding 1) price markups over marginal cost and the number of competitors and 2) price stability.
What is the difference between a production function and an quant. Explain the law of variable proportions with the help of quant.
q.suppose that the world consists of only two countries a and b of relatively equal sizes. the world interest rate in
For each scenario, assess whether an externality is present.
Line, color, hue, balance, form and perspective were some of the key concepts covered in this week’s tutorial. Use the example of a painting by Peter Paul Rubens and discuss how one or more of this week’s key concepts are featured in the painting. Id..
Do vending machines conserve on any possessions other than labor. Does your answer offer any additional insight into the widespread utilize of vending machines in Japan.
make a recommendation to your neighbor based on convincing economic analysis.
Illustrate what should be the production level if fixed costs rose to $50,000 per month. Explain.
Explain why an industry in a perfectly competitive marketplace would choose to remain in business, if its profit is zero at equilibrium.
Discuss the Counter-Reformation. How did the Catholic Church respond to the Reformation in both positive and negative ways? Give some examples of the measures it took. Were they successful?
In terms of evaluating investments in corporate philanthropy, which of the following would be considered a "demand condition"?
Roubini and Setser assert that "Something will give" and that "No country, not even the United States, can finance large external deficits on terms that imply that its creditors are running very substantial risks of large capital losses for an extend..
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
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