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Monopolistically competitive firms are inefficient, so why do we allow so many to exist? Monopolistically competitive firms are numerous and prominent. So, what do we gain from them that compensates us for their inefficiency? explain please.
An industry has two firms, each of which produces output at a constant unit cost of $10 per unit. The demand function for the industry is q(p) = 1,000,000/p. Give the best-response function for each firm. What is the Cournot equilibrium price for thi..
"The internationalization of banking has weakened national safeguards against banking collapse, but at the same time it has made the need for effective safeguards more urgent." Discuss fully each of the five difficulties in regulating international b..
The number of parts produced per hour by a worker. when will she be at a maximum productivity.
Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem 27 units of marginal utility from her second poem, 24 units of marginal utility from h..
Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.
The Newport Beach Sanitary Agency is presently shipping its waste to another municipality at an annual cost of $100,000. It is considering building a landfill near the city. Start-up costs for the landfill are $900,000, and there are closing costs of..
A company hires management trainees for entry level sales positions. Past experience indicates that only 20% will still be employed at the end of nine months. Assume the company recently hired six trainees. What is the standard deviation of the numbe..
Demonstrate that the marginal production cost is equal to the average production cost for the value of the output that minimizes the average production cost.
q.firm 1 is the incumbent in a market lasting two periods with inverse demand curve p74 -9q. its first-period costs are
Suppose you are the owner of a firm. You’ve optimized and determined that the cost function is as follows: C(Y) = 3000 + 0.5Y^2 - 20Y. What are the operating (variable) costs? At which quantity are operating (variable) costs minimized? At which qua..
The consumption function is C = 0.75Y where the marginal propensity to consume MPC equals .75 (out of an additional $1 in national income 75 cents is consumed). The government increases its purchases by $100 million, and investment and net exports do..
For this assignment, you should first complete the following tasks: Build a 90% complete profile on LinkedIn. Make a list of people who could serve as a professional mentor or career coach for you. -Describe the role that networking can play in your ..
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