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A profit maximizing monopolist faces the demand curve P=90-Q and has total cost of 30Q. If the monopolist charges only one price, what is Q, P, Producer Surplus, Consumer Surplus, and total revenue?
Draw the complete consumption-leisure model. Be sure to label completely and correctly. Find the optimal consumption bundle.
The Federal Reserve System is responsible for establishing monetary policy. It has a significant degree of independence from the executive, legislative and judicial branches of government. Why do you think the Fed was set up in this manner? Do you th..
q1. consider the electoral competition model with three candidates we saw in lecture 3. extend the model to incorporate
In essence, do you agree with each statement? Explain why or why not? The best test of the performance of two different regression equations is their respective values of the coefficient of determinations.
The National Park Service (NPS) grants a single firm the right to sell food and other goods in Yosemite National Park. In return, the NPS receives a fraction of the firm’s profits. Discuss the trade-offs of this policy. (ie. What are the pros and con..
Suppose major officeholders from one particular party are not performing well and party is not monitoring se officeholders. In illustrate what ways could this situation affect party as a whole.
Suppose that your co?ee shop has the production function. where b is the amount of co?ee beans used and m is the amount of milk used.5. What is the co?ee shop’s marginal product of beans? What is the co?ee shop’s marginal product of milk?
on average, Japan's real every capita output grew at a rate of 3 percent every year among 1973 also 1993. Illustrate what would Japan's output every capita have been at the end of 1993.
What are the conditions for the four types of markets (perfectly competitive, monopolistic, monopolistic competitive and oligopolistic market)?
Present the arguments for free trade and the arguments for protection of the US domestic steel industry. Analyze and evaluate the arguments. What policy should we follow in the steel industry and why
What is the difference between Microeconomics and Macroeconomics? and what are the similarities? Explain under what conditions it would be rational for a woman who could earn more than her husband in the labor market to specialize in housework. Why n..
Consider the traditional American Thanksgiving feast, Christmas dinner, or just a family meal, whose centerpiece is likely to be a large serving of meat. Compare that to the menus and recipes more typical of Italy, Japan, China, India, Southeast ..
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