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Consider two firms competing in prices and selling a homogeneous product. The market demand curve is p = 100 - q and the constant marginal costs of the two firms are 10 and 20 respectively. Also, suppose all prices should be integer numbers. Find the prices the two firms choose if they move simultaneously.
Explain how does technology affect an organization's productivity and costs. How has your organization used technology.
Suppose that bicycles are produced by a perfectly competitive, constant cost industry. Which will have a larger effect on the long-run price of bicycles a government program to advertise the health benefits of bicycling.
If the government uses its knowledge of its monopolistic position, Illustrate what criteria will it employ when determining how many soldiers to recruit. What happens if a mandatory draft is implemented.
Explain how might we interpret this statement in terms of cost curves and revenue curves.
Assess President Obama and the Congressional Majority Democrats' stimulus, budgetary, and health care initiatives in the context of promoting Economic Growth and Development.
Explain how each of the following will affect the relative values of the dollar and the euro:
What about labour markets Is there any difference between labour and commodities that would make the theory a better representation in one case than the other. Do you feel that theory works for commodities markets in general.
Utilize an elasticity concept to elucidate each of the following observations.
Derive an expression for the comparative static result dY/d (the effect of the change in the anticipated inflation rate on the equilibrium output), and show what its sign is. Briefly explain the intuition for its sign.
Using the three quarters moving average, find out the the forecasts for 3rd quarter 2010, 4th quarter 2010, and 1st quarter 2011. Use the given data, actual demand 3rd quarter year 2010 is 260, the actual demand 4th quarter year 2010 is 270, and t..
Compute the ideas of the Classical economists with the ideas of John Maynard Keynes, and explain what kind of revolution the Keynesian revolution was.
Discuss the concept of 'instruments and targets' in macroeconomic policy and assess how this concept might be applied to the current policy framework in Australia.
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