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Semi-Salt Industries began its operation in 1975 and remains the only firm in the world that produces and sells commercial-grade polyglutamate. While virtually anyone with a degree in college chemistry could replicate the firm's formula, due to the relatively high cost, Semi-Salt has decided not to apply for a patent. Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investments since it began producing polyglutamate-a rate comparable to the average rate of interest that large banks paid on deposits over this period. Do you think Semi-Salt is earning monopoly profits, why?
Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.
Utilizing the preceding write equations for total cost, average cost, and average variable cost.
What technology available to produce your product suddenly improves. You should note whether the scenario indicates a shift of the curve or movement along the curve. You are a supplier of widgets.
Calculate the initial level of output per person, the growth rate of output per person also the level of output per person after 100 years.
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
The problem is that even though you have assigned values of a,b,c, SN thinks that f is also a function of t, for which you have not assigned a value.
A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
Your friend's monthly demand for minutes of calling is given by the equation 50, where p is the price of a minute.
Illustrate money supply should the Bank of Canada set next year if it wants to keep the price level stable.What money supply should the Bank of Canada set next year if it wants inflation of 10 percent.
Illustrate what does this theory predict about the term structure of interest rates in terms of how the yield of long term bonds are related to yields on a sequence of 1 year bonds.
Explicate Illustrate what happens to the interest rates when the Fed makes open market bond purchases.
What could be done to motivate people to spend more so as to increase aggregate demand and invariably, create employment possibilities.
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