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Question on platform market (like mastercard, visa) Consider a platform market. There are two sides of the market, with demand functions q1(p1) = 300 - p1 q2(p2) = 180 - .5p2. A monopoly firm serves this market and chooses p1 and p2. Assume that every person on side one uses the platform to interact with every person on side two. Each such interaction generates p1 + p2 in revenue for the firm. Each interaction also incurs a cost of 30 to the firm. (a) Write the firm's profit function using the above assumptions. (b) Write the first order conditions that characterize the equilibrium. (There will be two) (c) Solve for equilibrium p1 and p2. (d) Calculate the firm's profit.
Using the following information complete the cash flow budget for the months of January, February and March. Be sure to include GST in the rows provided. GST at the end of December 2006 was negative $2500.
Monetary policy is carried out by the Federal Reserve. Describe how they use the three tools, reserve requirement, open market operations (Fed. Fund rates) and Discount Rates. Be sure to explain the players involved in each tool, the benefits of e..
the table provides information on the supply schedules of hot air balloon rides by xavier yasmin and zack who are the
at a recent meeting the president and the ceo of production inc. got into a heated argument about whether or not to
What characteristics of the market make it more likely that a dealer will quote prices at random rather than stick with a single one, or will choose prices that vary with the perceived characteristics of individual customers.
In the imperfect competitive market of jeans, Lean Jeans, Inc., recently offered rebates of $1 off the regular $50 price. Quantity sold jumped 4 more jeans from the previous 100 figure the previous month.
levitt inc. operates in an industry that has a rothschild index of 0.78. the firm gained access to a government report
Write an assembly language subroutine
describes a measure used to compare two different tests with the same group of participants to see how closely correlated the two sets of scores are with each other. Inter-rater reliability, Test-retest reliability, Parallel-forms reliability, Intern..
2-priod model. household utility uc1c2ln c1 ln c2c1s1y1 period1c2 y21i1s1-t2 period2t2ts1i1s1derive the optimal
1. consider a macroeconomy was initially at equilibrium level of real gdp.nbsp using an aggregate supply diagram and
Starting from short-run equilibrium, the following occurs: personal income taxes rise and foreign real national income rises. What is the effect on the price level, Real GDP, and the unemployment rate in the short run
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