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The Bertrand and Cournot oligopoly models differ with regard to whether they compete on price of quantity. The profits from each strategy are significantly different. Why?
Assuming that labor accounts for 80% of country Y's gross domestic product, compute immigrant surplus as a share of national income.
If Hotel Bethlehem can charge two separate prices for two separate blocks of guests, what are the two prices they charge? how many rooms do they ll at each price? If Hotel Bethlehem only charges one price, how many rooms do they ll? What price do t..
Illustrate what other information would you want before you decided where to establish a new production facitily.
Explain why risk-neutral people can make a profit off both risk-averse and risk-seeking people. You must use original numerical examples and EV equations to demonstrate demonstrate your answer.
What is a government budget deficit How does a federal budget deficit affect the economy How does it affect the level of investment and interest rates How does it affect the individual consumer
Suppose that the black market for Internet providers arises, with internet service providers developing hidden connections. Illustrate the black market for inter access, including the implicit supply schedule, the ceiling price, the black market s..
Does farming in the United States have the characteristics of perfect competition? How does perfect competition in the farming industry help farmers and consumers? or Hurt farmers and consumers?
Describe and explain the interest parity concept using formal methods Explain IS and LM curve behavior and nominal interest rate in the domestic economy,
Elucidate what it means that the preference relation has a utility function representation,
Explain how can this be sustained if people switch over to high priced goods which causes employees and companies in the lower priced goods market to go out of business.
Identify three separate things that you personally have purchased in the past month. Now, for each of those goods answer this question: If the price had been 50% higher would I still have bought that thing Or would I have said.
Discuss how the economic indicators inflation, employment levels and interest rates,
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