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Explain the concept of a Nash equilibrium. In your answer make sure that you explain how, why, and in what sense a Nash equilibrium may not yield the "best" outcome for the parties in question.
500 Words................
What will be the equation for the new supply curve once the subsidy is in place - what is the new equilibrium price for this good once the subsidy is in place?
The shape of the long-run cost curve is determined by economies and diseconomies of scale. Contrast this curve with the short-run cost curve as it relates to increasing and diminishing marginal returns to labor.
Which of the following actions on the part of the Fed will result in a decrease in the money supply?
The following equations represent the inverse supply and demand functions in the market for Good A:. QD and QS are the quantities demanded and supplied, respectively. Suppose the government imposes a tax of $6 per unit of Good A. What is the incidenc..
If US investors decide that investment opportunities in African countries have improved. What happens to US net capital outflow? What hap pens to US net capital outflow? What happens to the US real interest rate?
Your co-worker wants to know more about the ins and outs of budgeting. In 3–5 paragraphs, describe the role of budgeting in businesses and the costs and benefits associated with it. Further, explain the elements of a behaviorally sound budget culture..
Why is it important to know Elucidate how much output is being produced
Extensive growth is driven by
The graphical relationship between real gross domestic product (GDP) and capital is called the:
A production process exhibits economies of scale if:
A monopoly faces an inverse demand curve, p(y) = 100 - 2y, and has constant marginal costs of 20. What is its profit-maximizing level of output? What is the socially optimal price of this firm? What is the deadweight loss due to the monopolistic beha..
If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.
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