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Brian and Julie are the only people in town that like apple pie. Brian's demand is given by the equation P = 10 - 2Q, and Julie's demand is P = 10 - Q. 41
a. What is the total town demand?
b. Suppose Eric moves to town. His demand is given by the equation P = 10 - 3Q. Now what is the total demand?
If we had efficiency in the duopoly, what would the market quantity and price be? How does this compare to your answer?
What aspects are essential in identifying appropriate members for teams and ensuring the teams are successfully launched? What factors are important to ongoing team dynamics? Describe guidelines to evaluate the function and productivity of teams.
Trading in foreign currencies has an effect on world trade. For example, a rise in the value of the local currency due to daily flows vis-à-vis other currencies makes exports: Positive CoO (country-of-origin) effects might best be associated with:
Assume re is a multiplier effect and that total crowding-out effect is $6 billion. An increase in government purchases of $10 billion will shift aggregate demand to left or right by how much.
The White House sees a recession on the horizon, but Congress is preoccupied with other issues and is slow to act.
Suppose that the U.S. government determines that cigarette smoking creates social costs not reflected in the current market price and equilibrium quantity of cigarettes. A study has recommended that
Imagine that you are part of the marketing management team at Home Plus, a regional discount big-box retailer who competes with Wal-Mart and Target. Home Plus currently focuses on offering a broad range of discount consumer goods, from small home fur..
Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation or a developing nation
Suppose this year the working population is 11 million and growing at 15% per year. The current capital stock is 300 million and depreciating at 8% per year. The necessary specifications regarding the production function are assumed. How much new inv..
Critically examine the Ordinal Theory of Consumer Behavior? How a Consumer attains maximum level of satisfaction under this Ordinal Approach?
Assume I won 100 million dollars in a lottery that pays installments of 20 million dollars a year for five years or a lump sum of less than 100 million dollars. If I take the installments, my first installment would come the day I claimed my winnings..
In the two-period intertemporal consumption model, if MRS = C2/(4C1), r= 5%, Y1 = 50 and Y2 = 105, the optimal consumption combination
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