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Suppose a monopolist's per-period demand curve for a new drug is given by p = 100 - q, and its marginal cost (mc) curve is given by an upward sloping (not flat) line mc = 2q. What is the socially optimal quantity of output, q*?
Calculate the change in the equilibrium interest rate if technological progress increases output by 20 units. (for this question the professor said we have to use the change in consumption and well be taking a derivative)
U.S. exports and imports each affect domestic production because: A. imports are added to U.S. GDP and exports are subtracted B. exports and imports and added to U.S. GDP C. imports are substracted from U.S. GDP and exports are added. D. exports ..
What is an individual depositor'spayoff when he withdraws at t = 2 as a function of the number of remaining depositors who withdrew at t = 1?
The expenditures on tires by the Ford Motor Company are not included directly in GDP statistics while consumer expenditures on replacement tires are included. Why?
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately.
In year 0, Nation A's GDP was $200 billion and it had $600 billion worth of capital stock at the end od the year. In year 1, Nation A's GDP grew to $210 billion and its investment (saving) was $50billion. The rate of depreciation is 5%. what was this..
"Do marketers have the ability to control our desires or the power to create needs?" Please provide reasoning, evidence, and examples to support your argument.
Pepsi uses advertising to create the impression that Pepsi is superior to any other soft drink. Pepsi is attempting to:
Explain what a profit sanctuary is and why it is a competitive plus. Under what circumstances is it advantageous for a company competing in foreign markets to concentrate its value chain activities in a select few locations? Under what circumstances ..
the various types of vehicles that can be used by clients to reduce the various kinds if taxation.
Using a graph of the market for reserves, demonstrate how an increase in the interest on reserves can be used to raise the federal funds rate. Label all axes, variables, curves, and initial/final equilibrium. Briefly explain the change.
Suppose that a car dealer has a local monopoly in Selling Volvos. It pays the wholesale price w to Volvo for each car that it sells, and charges each consumer the retail price p. Suppose that the car dealer and Volvo work separately. What would be th..
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