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Q. In this problem we consider the differences between the competitive, monopoly, and Cournot equilibria under the same cost conditions. Consider demand as: Q = 10,000 - 1000 P and marginal cost (and average cost) is constant at MC = $6. a. Graph the demand, marginal revenue, and marginal cost curves. b. Calculate the price and quantity associated with the perfectly competitive conclusion. On your graph label this point. Also compute deadweight loss, consumer surplus as well as industry profits. c. Calculate the price and quantity associated with a monopoly outcome. On your graph label this point. Also calculate consumer surplus, deadweight loss, and industry profits. d. Consider the possibility that there are only two firms in the industry and that they compete based on simultaneously determining quantity. Analyze the equilibrium cost and quantity in this case and label it on your graph. Moreover calculate, deadweight loss, consumer surplus as well as industry profits.
illustrate what wage would a monopoly union demand. Explain how many workers would be employed under union contract.
Metro Limo also Urban Limo, operate nine passenger vans. These duopolists cannot compete with price, but they can compete through advertising.
suppose there are two diners. What will they order (at a Nash equilibrium)? b)suppose there are four diners. What will they order (at a Nash equilibrium)?
At the current price level, would it be viable for the firm to increase the price level of its brand of coffee. Support your answer.
q. assume that the production function for all countries is given by y ak13. assume that the depreciation rate d and
If you were boarded on an airplane that had already started taxing for takeoff when the plane suddenly stopped and turned around and the passengers were told to exit immediately because the airplane had gone out of business, and they were left str..
q1. suppose a consumer is at an optimum consuming 6 hamburgers a week at a price of 1.50 each and 10 donuts a week at
Kathleen likes avocado also crab dip. After eating avocado also crab dip with four crackers, she switches to cheese with crackers.
Sophie knows nothing about any of this. Can Tasty Foods be convicted of a crime in se circumstances. Can Sophie be held personally liable.
Illustrate what is area of employment why has this shift occurred in illustrate what direction would shift in labour supply and demand go. Illustrate what would be its effect on equilibrium of labour market.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
q. 1. describe michael porters five-force model and indicate why many observers regard his paradigm of industry
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