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The inverse demand for a homogeneous-product Stackelberg duopoly is P = 18,000 -4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 4,000QL and CF (QF) = 6,000QF..
q. suppose there are two consumers a and b. the utility functions of each consumer are given byuaxy xyubx y 2x ythe
An existing machine is worth $2,500 today. Its $8,000 operating cost for this year is predicted to increase by $1,000 annually, owing to deterioration. It will be retired in 4 years, when its salvage value will be zero. what is the equivalent annual ..
q.consider an economy where there are n consumers each of them having one unit of available time. there is a
q.a consumer who conforms to the von neumann morgenstern axioms is faced with four situations a b c d. he prefers a to
Explain how would you try to convince him that this is probably not the right way to look at international trade and its effects on the country.
"Senior citizens deserve an income that will allow them to live in comfort for their remaining years."
Using the supply and demand analysis of the market for reserves, indicate what happen to the federal funds rate under the following situations: The Treasury has just paid a large bill to defense contractors and as a result its deposits with the Fed f..
Write an essay about 300-400 words about Gross Domestic Product: analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of the country's basis for income generation and any and all constraints to growth
We are always to keep the question of human nature in the background of all our discussions. Each author of the texts we read has a philosophy about human nature. Some assume universal elements that cut across all individuals, times, and cultures; o
Consider an income support program (similar to AFDC after 1967) in which a family with no income would receive $1500 in cash benefits per month, and if the family receives income from working Y, At what income Y would benefits be eliminated? Suppose ..
A firm finds that at an output level of 7 units, its total cost is $1834; at 8 units of output, its cost is $2048. measuring economies of scale calculate the value of S for this firm at 8 units of output. Are there economies of scale at 8 units of ou..
Draw a new set of graphs that illustrate long-run equilibrium in a constant-cost competitive industry. Use two graphs, one for the market and another for a representative firm. a. Show and discuss the effect an increase in market demand has on the re..
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