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In a perfectly competitive market, all firms are identical, firms can freely enter and exit, and the market has an unlimited number of potential entrants. Now, the government starts collecting a specific tax t. What is the effect on the long-run equilibrium market quantity, market price, and the quantity for an individual firm?
(note: for this problem assume that all cash flows are stated in actual dollars and interest is market rate) Nike is considering three mutually exclusive alternatives for an inventory tracking and control system at one of its major assembly plants.
You can write your research about social problems where the free markets are not allowed to function, which includes the market for a particular illegal good or service, a regulated market, etc.? Discuss the risks of introducing market mechanisms of ..
The Taxpayer Assistance Center (TAC) provides taxpayer assistance to help in the preparation of individual tax returns. Calculate the marginal cost of providing additional assistance. Explain your answer.
Find the limit output for fixed costs ( f ) equal to 50, 32, 18, and 2. What is the SPNE for the entry game with the following timing: in the first-stage firm 1 can commit to its output; in the second stage firm 2 can enter and choose its output for ..
Suppose two firms supply the market for computer chips and their products are perfect substitutes. The firms choose what quantity to produce independently, i.e. compete as Cournot. What is the one-period Cournot-Nash equilibrium output and price? Wha..
Carl is considering attending a concert with a ticket price of $35. He estimates that the cost of driving to the concert and parking there will total an additional $20. In order to attend the concert, Carl will have to take time off from his part-tim..
how many standard errors it is away from zero. If it is not very far from zero n we might ignore it; if it is far away from zero n we might consider it important. But how far is ‘far'.
In the packing department, a worker stands sideways between the end of a conveyor and a pallet. The surface of the conveyor is 40 in from the floor, and the top of the pallet is 6 in from the floor. As a box moves to the end of the conveyor, the work..
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
An outflow of official reserve assets would be recorded as a
Considering the five (5) forces of competition, choose the two (2) that you estimate are the most significant for the corporation you chose. Evaluate how well the company has addressed these two (2) forces in the recent past.
What are the potential long term problems for unions in agreeing to labor-management cooperation programs?
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