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Critics suggest that rational behaviour can't be true because: 1) people make mistakes, 2) people make decisions by habit, and 3) people often take into account the interests of others. Why don't these issues invalidate the assumption of rational behaviour?
Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.
Assume the two newspapers merge. Illustrate what is the likely post-merger bargaining outcome.
The bureaucratic form of government is so prevalent in public agencies and tends to result in a slower paced, less consumer oriented management
Suppose that the average total cost (ATC) of producing 8 units is less than the average total cost of producing 9 units. What can we say about marginal costs (MC) in relation to ATC?
A gardener can use one of the three brands of fertilizers during the next growing season. The following decision table shows the expected gross income per acre for each fertilizer brand and weather condition for the growing season. The chance of a dr..
The operating instruction issued to the European Central Bank is to use monetary policy to focus entirely on targeting the inflation rate. If it follows those rules what would it’s Taylor rule equation look like? Be specific.
a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.
Identify which one of the 4 C's (clarity, coherence, consistency, concision) you've had the most difficulty with in the past. Describe what you've done to improve your business writing style
If the note matures six years from today, how much money will you recieve from all the investments? Express this also as an annual rate of return.
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
Assume that over a range of prices, the price elasticity of demand varies, total revenue curve over these two ranges of the demand curve as price fall.
Which of the following Fed actions will increase bank lending?
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