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Suppose that market demand can be represented as p = 100 - 2Q. There are 10 identical firms producing an undifferentiated product, each with the total cost function TC = 50 + q2. Compare the competitive outcome with the cartel outcome. What is the individual firm's incentive to cheat on the cartel?
q. 1 are there any firms that are really true monopolies? that is there is absolutely no substitute for what the firm
Which country has comparative advantage in the production of Cell Phones? Which country has comparative advantage in the production on Computers? Explain. If transportation costs are ignored and trade is allowed, will China and Germany engage in trad..
Labor costs have been increasing at an annual rate of 10%. A firm wishes to set aside funds to cover labor costs for the next 5 years. Determine how much must be set aside today if the money will be invested and will earn interest at a rate of 10%. T..
Using amtrak and usinggraphical analysis to analyze the issues presented in the current event (possible graphs production function, total and marginal product curves, curves, MR = MC, long and short run equilibrium, or any other curve or any other gr..
Two Arguments:In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms
The traditional U.S. auto industry (the Big Three) has struggled for many years against competition from foreign-owned automobile companies. Their struggle was dramatically heightened in 2008 with the world-wide credit crunch and economic slowdown. W..
The manager of Dixie Furniture Company estimates that the daily output of her factory (in thousands of dollars) Q is given by Q = 2x^1/4y^3/4 where x is the amount spent on labor and y is the amount spent on capital (both measured in thousands of dol..
Explain why standardised products are desirable for international companies, and the circumstances that are likely to prevent its implementation?
If each economy specialized in its comparative advantage, what range of prices would bacon trade at in terms of eggs.
Why would a company change its product mix rather than just produce and sell more of everything? How do you think Outperformance software determines how to change the product mix to generate more profits?
You purchased a bond for 9500 dollars. The bond matured in 4 years and you sold it for 111,000 dollars. The par value (face value) of the bond was 10000 dollars. Interest payments were made every 6 months. The personal rate of return you received (so..
Pilgrim Bank Study. A. Is there a difference in profitability across regular vs. online customers? B. How should we deal with missing data? C Using a regression model, is there a difference in profitability across the two customer types and if so, ho..
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