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Q1. Dominant price leadership exists when the dominant firm establishes the price at the quantity where it's MR = MC, and permits all other firms to sell all they want to sell at that price. The dominant firm charges the lowest price in the industry. The dominant firm decides how much each of its competitors can sell. One firm drives the others out of the market.
Q2. A consumer has income of $100 and can spend it on cell phone minutes, at $1 per minute, or DVDs at $10 per DVD.
Part 1: Draw this consumer's budget line (BL).
Part 2: Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
If today's production of capital goods exceeds the depreciation of capital.
Consider a market where demand is d:p=24-Q and supply is s:p=2+Q. impose a specific tax t= $2 on each unit sold in the above market.
As a result, price of Domino's pizzas fell from $8 a pie to $2 a pie following week. Quantity of pizzas demanded soared following week from 1 pie an hour to 100 pies an hour. What was price elasticity of demand for Domino's pizza.
q.electoral college system take a country named know land that has. suppose there are 9 small states in know land where
Elucidate what the Justice Department argued that the merger would lessen competition and raise prices of business software. Is there an economic argument that the merger might actually result in lower prices.
His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find the mean and standard deviation of the total payments he will receive.
Explain how would constraints on financial resources vary with private pay, versus Medicare, charity or Medicaid pay as primary revenue streams for your facility.
The firm has monthly cash expenses of $180.what is the projected ending cash balance at the end of February.
Evaluate the importance of gold as an international asset. Discuss the historical importance of gold as an international reserve asset, including the functions it fulfilled. Finally, discuss whether the United States should return to the gold stan..
q. suppose a government has no debt and a balanced budget. suddenly it decides to spend 1 trillion while raising only
What does the difference in the CCCs tell us about the riskiness of the two firms? Why is that the case? If the expected industry return is 8%, will both firms stay in the industry? Calculate the cost of equity for the two firms?
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
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