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Q. "Given demand and supply function as 20 = Qd 3p/2 and 10 = Qs - P/2, find (1) Equilibrium price and quantity (2) show picture of your answer above (3) if government impose Tax of N2, what is new equilibrium price and quantity (4) what is burden share? "
Q. Supposes airline industry consisted of only two firms: American and Texas Air Corp. Let two firms have identical cost function, C(q) = 40q. Assume that demand curve for industry is given by P=100-Q and that each firm expects or to behave as a Cournot competitor.
Illustrate what salary would be required for the soldiers to be as well off as with the allowance.
If today's production of capital goods exceeds the depreciation of capital.
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
Compute point elasticities at prices of 5 and 9. Is the demand curve elastic or inelastic at these points.
Assume that this cost is set by an upstream wholesaler with monopoly pricing power.
Differentiate the equilibria of model. Also the classification should be a function of the bliss point of the candidates.
Suppose you are a marketplace analyst specializing in theme parks also you're examining Disneyland's stock.
Give an example of a product you consume for which your marginal utility increases with the amount of your consumption
Compute the revised slope of the AE cure and the multiplier when you know that the imports and the marginal tax rate
Illustrate what happens to aggregate output and the price level in each case.
Use the economic perpective to explin why someone who isnormally a ligh eater at a standard restaurant may become somewhat of a gullton at a buffet-style restaurant that chares a single price for all you can eat.
Explain how "history" affects ability of firms in this game to achieve an outcome superior to that of one-shot version of game.
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