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What is the duopoly Cournot equilibrium - that is, the quantities produced by each firm - if the market demand function is q(p) = 1000 - 1000p, and each firm has a cost of $0.28 per unit?
Explain what type of labour market interference is most often experienced by men and which type is most often experienced by women. Make sure you define each of the two types of interference.
Nicole is applying for a health insurance policy. She has liver disease and other health problems. She honestly disclosed the true facts to the insurance agent. However, the agent did not include all the facts in the application. The contract was iss..
Illustrate how the economy entered the Great Recession starting 2007/2008 using a classical Aggregate Supply/Aggregate Demand model. You need to present a formal model, explaining AD, short-run AS and long-run AS in some details (explain what they ar..
Capital mobility is fairly low, so the Fe curve is less shallowly sloped than the LM curve. The currency floats. What will happen if the country pursues than the LM curve. The currency floats. What will happen if the country pursues an expansionary f..
A container contains 36 light bulbs, four of which are defective. What is the probability that, if a sample of eight is chosen at random from the carton of bulbs, x will be defective?
Past sales show that when a scanner is priced at $175, the quantity demanded is 350 units per week. For each $5 drop in price below $175, the quantity demanded rises by 50 units per week. The manufacturer will not market any of the devices if the pri..
Explain rational expectations in your own words. Using the rational expectations model is the U.S. stock market efficient? Why or Why not?
Illustrate what determines whether or not economic efficiency is achieved. What determines whether or not economic efficiency is achieved.
Let's use an oligopoly model to understand why it may be better for competing firms if one of them assumes the role of a price leader (ABI in this story), while others follow (MillerCoors'), relative to a situation where they choose price simultaneou..
Suppose the chartered banks decide to greatly reduce the availability of student loans that are guaranteed against default by the Canadian government. What would you expect to happen to the demand for credit cards by students? Are credit cards a subs..
Suppose that the total revenue received by a company selling basketballs is $840 when the price is set at $15 per basketball and $840 when the price is set at $10 per basketball. Without using the midpoint formula, can you tell whether demand is elas..
Suppose a country has a national debt of $5,000.0 billion, a GDP of $10,000.0 billion, and a budget deficit of $100 billion. How much will its new national debt be? Compute its debt-GDP ratio. Compute its new level of national debt and its new debt-G..
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