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Consider such a firm in the short run, when labour is the only variable input. If the firm faces a product price, P, which it cannot alter by changing its output, will it have an upward-sloping product supply curve or will its short-run supply curve be downward-sloping? Will an increase in demand cause P to rise by more, less, or the same as the demand increase? You may assume diminishing returns to labour and constant returns to scale in production.
Think of a strategy pursued by the company your work for, another company, or even a sports team. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are mo..
Compute the profit-maximizing price and output levels assuming Pear acts as a monopolist for its product. Determine the total contribution to profits and fixed costs from the solution generated in Part (a).
Note: Writing style should be late post-graduate and show both business and technical acumen. All statements must be justified and APAv6 should be followed
Lana generally buys one hoagie and two diet cokes at Hoagie Haven. Hoagie Haven announces a special deal: a ll hoagies after the first one are half - price. Sketch the original and new budget constraint. What can you say about how Lana’s commodity bu..
The Sarbanes-Oxley Act provides for the establishment of the _____________ to over see audits of public companies. This will be done to protect the interests of shareholders and investors.
Oftentimes, businesses target their customer service departments as costs to be eliminated (to which I agree to an extent). Customer service costs, however, are tied to quality, rework, pride in product, employee turnover, and a myriad of other varia..
There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor inelastically.
The equilibrium allocation is stationary over time. Write down the market-clearing condition for an arbitrary date t. Find the real rate of return of at money at the monetary equilibrium. What is the gross rate of in ation?
If bonds of similar risk are currently earning a 10% rate of return, how much should the Complex Systems bond sell for today?
Consider smoking in a classroom, where students have the right to clean air. What types of externality does smoking in a classroom convey? Explain. How could this externality be solved according to Coase Theorem? Explain. How would it be solved using..
Quasimodo has a demand function for earplugs that is given by the equation D(p) = 100 - p
suppose a student athlete has the opportunity to earn $800,000 next year playing basketball, $700,000 next year playing basketball or $0 going to college. what is the opportunity cost of going back to college
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