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Two firms compete in a market to sell a homogeneous product with inverse demand function P = 400 -2Q. Each firm produces at a constant marginal cost of $50 and has no fixed cost. Use this information to compare the output levels and profits in settings characterized by Cournot, Stackelberg, Bertrand, and collusive behavior.
Suppose you are the owner-manger of an innovative computer software company, and your latest product is so revolutionary.
Explain an organization's staffing practices and selection tools in response to two of following trends:
Suppose Cypress River estimates a linear trend without accounting for this seasonal variation. What effect would this omission have on the estimated sales trend?
Write an equation that summarizes the cost function for her operation, as well as equations that summarize the marginal, average variable, average fixed, and average total costs of selling fresh drinking water at the kiosk.
Explain how might Peterson draw on the insights of new growth theory to draft a position statement ruling out unhindered immigration but proposing greater openness to "targeted immigrants".
Assume these customers live in Cuba and get a ration of 50 units of Q each month. What is the marginal willingness to pay at this level of consumption for each customers ?
Many cities regulate taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab, where enforcement officials can easily see it.
Suppose that a less developed country known as LDC encourages direct foreign investment
What was the cross-exchange rate between the Real and the Peso in 2001? Real____/Peso. What was cross-exchage rate between Real and Peso in 2002? Real_____/Peso.
Elucidate what are the differences among horizontal, vertical, and conglomerate mergers. Is one type preferable from the view of anti-trust policy.
Explain how do you solve for a, b, c, e in the equations: Qd = a-bW and Qs = c+eW when you know the equilibrium wage (or price) is $4, there are 100,000 people employed, Elasticity of demand is equal to -0.4 and Elasticity of supply is equal to 0...
Elucidate the differences in unemployment rates among the United States and Western European countries.
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