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Suppose two firms produce an identical product at zero marginal cost and face the demand curve P = 50 – Q a.
If the firms behave as Cournot duopolists, what quantity do they produce?
What is the total quantity produced by a perfectly competitive market?
What is the monopoly (collusion) quantity?
Graph the duopolists reaction curves and identify the Nash equilibrium, the monopoly outcome, and the competitive outcome.
What is the investment objective and top 5 holdings for the real estate security: TIREX (look in yahoo finance). Are the holdings consistent with the investment objective? Is the Fund highly diversified? Explain. Where is it traded? What is the minim..
You are planning to purchase a house in 5 years and want to save for a down payment. If you deposit $5,000 each year into an account earning 3% interest, how much will have for a mortgage down payment?
If company wants to earn a mark-up of 50 percent on its variable costs, explain how many sets will it have to sell at price obtained in part b.
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
What is the combined consumer surplus for the customers who buy the Porsche Spyders when the market price is $835,000?
Consider the following scenario: A toxic waste dump in Alabama has seepage that leaks into the groundwater. Groundwater is used by local residents for drinking and cleaning, in addition to supplying water for irrigation of local agriculture. What doe..
Some economists claim that a budget deficit often spawn an evil twin, a trade deficit. Explain how a budget deficit might lead to an appreciating currency and a trade deficit. According to economists, what is (are) the true cost(s) of a budget defici..
Briefly compare and contrast the price adjustment mechanism under fixed exchange rates to that under flexible exchange rates. Why is a price adjustment necessary under a fixed-rate system?
In autarky, Jackson produces and consumes 30 units of cattle and 80 units of wheat, while Tahoe produces and consumes 80 units of cattle and 60 units of wheat. Based on this information.
It can be really hard to engage this kind of thinking because it requires risks that aren't even known or knowable, but it's these very risks that reap the biggest rewards. So, as a leader how might you evaluate an option like this? What would it tak..
suppose in a country the real growth rate is 4 and the real interest rate is 6.a calculate the constant debt-gdp ratio
Suppose that in 1984 the total output in a single-good economy was 7,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $15. Finally, assume that in 2005 the price per bucket of chicken was $20 and that 22,000 bucke..
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