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The inverse demand in a Cournot dupoly is P=a-b(Q1+Q2) and costs are c1(Q1)=c1Q1,and C2(Q2)=c2Q2. The government has imposed a per unit tax of $t on each unit sold by each firm. The tax revue is ?
a. t times the total output of the 2 firms should ther be no sale tax
b. less than t times the total output of the 2 firms should there be no sale tax
c. greater than t times the total output of the 2 firms should there be no sale tax
d. none of the above.
Evaluate how sale of novels would change during a period of rising incomes. Assess probable impact if competing publishers raise their costs.
There is some evidence that during the 4th century in the Roman empire, public officials were paid in kind or “in equivalent prices”, instead of coins. What can be inferred from this?
q1. external and internal equilibria are often contradictory goals and the policy-maker is forced to choose between one
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your class..
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Suppose that the residents of Veggie land spend all of their income on cauliflower, broccoli, and carrots. In 1998 they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 1999 they buy 75 heads of cauli..
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Define the term, INDUSTRY, in detail as it pertains to economic organization. Do all firms in an industry have the same amount of financial risk associated with them? Explain.
If the marginal cost of the separate products is high, a seller should consider _______ bundling instead of ________ bundling.
By what reasons financial crisis as well as either United States is going in right-wrong direction among its present strategies.
calculate the price elasticity of demand for each product and compare with your teammates' elasticities.
Evaluate how effective the Federal Trade Commission (FTC) has been in protecting consumer privacy and targeting deceptive and unfair trade practices on the Internet. Support your opinion with specifics.
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