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1. Market demand is given by P = 140 -Q. There are two firms, each with unit costs = $20. Firms can choose any quantity. Find the Cournot equilibrium and compare it to the monopoly outcome and to the perfectly competitive outcome. Why aren't the latter equilibrium of the market game?
2. What is the outcome of the oligopoly in number 7 as the number of firms grows large? Why will this number of firms grow large? Is this outcome a tragedy?
Joe subscribes to an Internet provider that charges $2 per hour. He has $100 per month to spend and is at equilibrium by buying 10 hours of Internet access and $80 worth of other goods. Draw the indifference curve and budget line. If the company swit..
the last major conflict between the US army also Native Americans took place at
create an ios chart with the investment alternatives alternative a has an irr of 8 and will add 10 million to the
If both persons carry an average balance of $3000 on their credit cards for 3 years, how much more money will Edward repay compared with what Jorge owes
q.frank knight has a job as a sales manager earning 100000 per year and he is deciding whether to purchase a bakery
Which of the following was an example of a New Deal program?
Elucidate the relationship between P > AVC and a firm's contribution margin, when a firms is making a decision to shut down operations.
Discuss how economic, political, and social changes will impact growth in the region. Write a short paper summarizing your findings.
Gross domestic product (GDP) measures: Which of the following is considered an increase in investment in the calculation of GDP? Which of the following activities would be included in the calculation of U.S. gross domestic product in 2004?
Suppose that the quantity demanded for Windows 7 system is given by Q = 320 − 2P, where P is the price of the Windows 7. Let us assume that the total cost of producing Q units of Windows 7 is given by C(Q) = 500 + 0.5Q2. What is the price that Micros..
The Solow model shows that the saving rate does not affect the growth rate in the long run, so we should stop worrying about the low U.S. saving rate. Increasing the saving rate wouldn't have any important effects on the economy. Agree or disagree
In the market for widgets, two firms sell identical products, compete by choosing the price at which they sell their product, and choose their prices at the same time. What will the equilibrium price and quantity be relative to what would occur if th..
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