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Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -2.5. The marginal cost of producing the product is constant at $100, while average total cost at current production levels is $175.
Determine your optimal per unit price if:
a. You are a monopolist.
b. You compete against one other firm in a Cournot oligopoly.
c. You compete against 19 other firms in a Cournot oligopoly.
Individuals present with physical complaints more in the case of chemical or biological events
Suppose the Federal Reserve conducts an open market purchase of $150 million government securities from the non-bank public.
Provide an example of a scenario for TWO independent and ONE dependent variable and clearly define the example variables and their measurement.
Levine Inc. is considering an investment that has an expected return of 15% and a standard deviation of 10%. What is the investment's coefficient of variation?
The production function at Ginko's Copy Shop is q = 1,500 * min (2L, 3K), where q is the number of copies per hour
What kind of advertising campaign you will start for your product and how much gain is expected from an effective advertisement?
What is the role of the federal reserve? When and why does the federal reserve increase and decrease interest rates? Choose a specific industry (ie/ automotive, real estate, electronics, banking, etc.) and describe how that industry would be affected..
Two individuals, Andy and Beth, work on a joint project. If Andy chooses effort level x ≥ 0 and Beth chooses effort level y ≥ 0, then the total output equals 10x+10y+2xy. Maximize each player’s payoff function to find his or her best response functio..
The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio.
Arrow's Theorem that states there is no true fair method for voting. Do you agree or disagree with this statement? Why?
In January 1991 the Consumer price index (CPI) was 134.6. In October 2015 (the November CPI is not yet available, so use the October CPI for this problem) the CPI was 237.8. Using January 1991 as the base period, what was the real (inflation-adjusted..
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
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