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in 250 words. Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize?
In the last month, the price of gasoline increased by 20%. Your job is to determine what caused the increase in price: a change in demand or change in supply. Ms. Info has all the numbers associated with the gasoline market and she can answer a si..
Suppose that a firm sells in a competitive market at a fixed price of $42.50 per unit. The firm's cost function is: C = 150 + 5Q. Determine the minimum quantity at which the can break even. Are there multiple break even points
company has issued a 10-year bonds, with a face value of $1,000,000 in $1,000 units. Interest at 8% is paid quarterly. if an investor desires to earn 12% nominal interest (compounded quarterly) on $10,000 worth of these bonds,
A local widgets firm hires you to analyze their cost structure. The firm's industry is nearly perfectly competitive in all requisite characteristics. The company has given you the short run cost functions from existing data: TC=800 +60Q-4.5Q^2+.15Q..
Moving along the demand curve, quantity demanded decreases 8 percent when price increases 10 percent .a. The price elasticity of demand is calculated to be. b. Given the price elasticity calculated in part a, demand is (elastic, inelastic, unitary e..
Based on your sample, explain what percentage of individuals gained this wealth through inheritance and what percentage through entrepreneurship.
a tire manufacturer warranties its tires to last at least 20,000 miles or "you get a new set". In its experience, a set of these tires last on average 26,000 miles with a standard deviation of 5, 000 miles, Assume that the wear is normally distrib..
Suppose that two players are playing the following game. Player A can choose either Top or Bottom, and Player B can choose either Left or Right. The payoffs are given in the following table: Player B LEFT RIGHT Top 4 5 1 4 Player A Bottom 5 1 3 8
Suppose a supply increase causes the equilibrium to shift from the one above so that the equilibrium quantity changes from that in the diagram to an equilibrium quantity of 200. What is the elasticity of demand along the above demand curve
Mary DeFontes bought a computer and a service contract from Dell Computers Corp. DeFontes was charged $950.51, of which $13.51 was identified on the invoice as "tax." This amount was paid to the state of Rhode Island.
Suppose a uniform pricing monopolist's price equation is P(Q) = 50 - 0.5Q; the uniform pricing monopolist's marginal revenue is MR(Q) = 50 - Q; the uniform pricing monopolist's total cost is C(Q) = 0.5Q2 + 10Q + 75; and the uniform pricing monopol..
You are the manager of a monopoly. A typical consumer's inverse demand function for your firm's product is P = 100 - 20Q, and your cost function is C(Q) = 20Q. a. Determine the optimal two-part pricing strategy.
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