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Suppose there are two firms A and B in the market and the market demeaned is P=50-Q where P is the price per unit and Q is the total quantity produced by the two firms (sum of QA and QB). The marginal cost of producing the product is $!0 for both firms and fixed costs are zero.
A. Determine how much should firm A produce at the Cournot equilibrium
B. Determine what would be the price if both firms would produce at the Cournot equilibrium
problem 1 in a study relating college grade point average to time spent in various activities students are asked how
Briefly summarize the outcome for hours of work, total weekly income, and Steve's total utility.
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering the price. For some organizations, lowering prices might be an effective means for increasing revenue.
Aura has a utility function given by U(X, Y) = 4X0.5Y0.5. The current prices of X and Y are $25 and $50, respectively. Laura currently has an income of $750 to spend on X and Y.
Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your first deposit is $7500 and each successive deposit is 5 percent greater than the preceeding deposit, how much will be in the fund immediately after the ..
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1) If the desired level of investment spending (I) is greater than the level of national savings (S), are net exports (NX) positive, negative, or zero? Explain the connection between I, S, and NX (in words as well as mathematically).
Why is the long-run aggregate supple curve vertical Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right
suppose a new discovery in computer manufacturing has just made computer production cheaper. also the popularity and
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