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What will happen in the next 50 years to the relative demand for each of the following: food, housing, energy, fuel, water?
And What kinds of responses will suppliers make?
BMW has MC=$20,000 and FC=$10billion. Demand for markets in Europe and US are Qe=4,000,000-100Pe and Qu=1,000,000-20Pu. Prices and Costs are given in thousands.
The two firms could successfully collude over the monopoly output and hence share the monopoly profit using trigger strategies.
How can the market "fail" If indeed it can, outline the ways the government can either reduce or eliminate such possibilities. Then why are some politicians or heads of government want almost all public needs met through the market mechanism
Assume the only choice variable is x. The total benefit function is B(x) =170x - x2 and the cost function is C(x) = 100 - 10x + 2x2
Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0.
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
Assume the role of regional integration in promoting global business of Kenya, Africa.
Show the effect of moving to a consumption tax on the loan able funds market if people react favourably to the incentive to save. Choose which curve or curves you believe are affected.
A change in reserve needs of depository institutions is the policy tool most frequently used through the Federal Reserve to influence economic activity
Find the overall change in the economy's money supply if, when the reserve ratio is 5%, the Federal Reserve System buys $250 million of US government bonds from the banking system. What would have been the change if several billionaires deposited ..
Discuss expectations of changes in economic, financial, and international conditions in the near future. Identify any economic issues of special concern. Recommend whether the FOMC should rise, lower, or keep short-term interest rates the same. The e..
Now suppose the same game is played with the exception that Player A moves first and Player B moves second. Using the backward induction method discussed in the online class notes, what will be the outcome of the game
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