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One of these firms is considering opening up a new product line, in a market in which it would be the only firm. So, adjusting the notation to now capture demand in the monopolistically competitive industry with Q1(p1) = 140 − p1, and the demand it would face in the new second market with Q2(p2) = 100 − 2p2, what should the firm do? Assume that the firm faces costs equal to C(q1, q2) = 25 + 40q1 + 0.5q2 + q1q2.
Illustrate what advice would you offer Kyle also Chad when they are ready to present their business plan to a banker.
What are “health disparities”? Why are they important? What makes them worse? What makes them better? What can we do to address them?
Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H)=420H-40H^2 and C(H)=100H+120H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H)=420-80H and MC(H)=100+240H. Write..
How to use Solow growth model to explain the long run effect of raising the saving rate on capital per worker ad output per worker. Start with an initial steady state and show the new steady state on the graph. Label the graph properly.
Some say that there are powers that the Constitution reserves to the States that the Federal Government has intruded upon since the founding of the country. Discuss and provide one example where it could be argued that the Federal Government has intr..
The economy slips into a recession and the government is thinking of providing a stimulus package to boost the aggregate demand. Which of the following is most likely to increase the aggregate demand, all else the same? Increase taxes Reduce transfer..
Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under? What are the names of other firms..
At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statement correct? If so, why? If not, explain why not.
What are some of the major opportunities and threats that the US faces as the world becomes one global marketplace? How do we take advantage of them and how do we deal with the downsides?
A British made automobile is priced at 20, 000 British Pounds. A comparable U.S. - made car costs US$26 000. One pound trades for US$2 in the foreign exchange market. Which country's cars are more competitively priced?
q1. assume you were appoint as an adviser to a developing country and you were versed in the theory of production the
Illustrate what would it raise more money than today, less money, or the same amount of money.
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