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If firms produce identical products and have the same constant marginal cost, m. explain why the Nash-Bertrand equilibrium price and market quantity are the same regardless of whether there are two or more firms.
If the price of peanut butter were to increase, what would likely happen to the demand for jelly? a. The demand for jelly would increase—the demand curve would shift right. b. The demand for jelly would decrease—the demand curve would shift left. c. ..
Which of the following is not a valid point in debating the merits of increasing government expenditures or cutting taxes during a recession?
If the ratio between the price of labor and the price of capital (w/r) is smaller than the ration between the marginal product of labor and the marginal product of capital, the firm should hire more capital. Normally the ratio between the price of a ..
Government policy can affect business investment only by changing expenditures. It cannot alter people's expectations about the future. There is no correlation between real and financial transactions.
Should a notice be considered sent only if a debtor acknowledges its receipt? Why or why not? [Mahon v. Credit Bureau of Placer County, Inc., 171 F.3d 1197 (9th Cir. 1999)].
When we use the AFN equation, we assume that the ratios of assets and liabilities to sales (A0*/S0 and L0*/S0) vary from year to year in a stable, predictable manner.
Compare and contrast the advantages and disadvantages of the use of oil and coal in naval ships. Do you think a government should continually develop their military??
Income tax Let’s now consider the case where government collects an income tax (is just tax on income, and does not depend consumed quantity) instead of quantity tax, and raises the same amount of revenue. Calculate own price elasticity of demand for..
According to your readings, it will always make economic sense for you to start a business if your business can make economic profit. How does economic profit differ from accounting profit? Have you ever considered starting a business?
What are the prime rate and the federal funds rate? What are the differences between the two: prime rate and federal fund rate?
Why is the private market for public goods typically characterized by under provision. Under what situations will we expect the private market to overcome this problem?
Discuss the various options open to Tessera in dealing with MSI's challenge, and the strengths/weaknesses of each approach. Which path would you recommend and why?
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