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Consider two firms that act as Cournot competitors and face the inverse demand function p(.), where p'(Y1 + Y2) < 0. The total cost function for firm i is given by Ci(.), where Ci'(Yi) > 0 i = 1,2.
a) Do such duopolists produce a Pareto efficient level of output?
What will be the level of output and price in the long run if this industry were perfectly competitive?
The country of Arkanslavia had money supplies of 183 million arkollars in 2010 and 644 million in 2011. They have real output of 791 arkollars in both years.
Who has the responsibility to decrease or eliminate unemployment. What is the role of business
Elucidate the trend over the past few years. What stage of the Business Cycle would the U.S. economy be in currently given the trends
Illustrate what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources.
Compute the AE function and plot it in diagram. What is total autonomous expenditure? What is slope of the AE function?
Identify each of the following events as: (use a, b, or c to answer the question) a) part of an expansionary fiscal policy b) part of a contractionary fiscal policy c) or not part of fiscal policy i. The corporate income tax rate is increased.
A traditional definition of economics 'efficient utilization of limited productive resources for the purpose of attaining maximum satisfaction of human material wants.'
Suppose that the assumption in key concept are satisfied. Show that X i is a valid instrument. That is, show that key concept 12.3 is satisfied with Z i = X i .
Suppose a UAW labor contract with General Dynamics is being renegotiated. Some of the many issues on the table include job security health benefits and wages. If you are an executive in charge of human resource issues at General Dynamics
Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.
Explain how have they implemented the policy changing the "interest rate", changing the reserve ratio, or open market operations. How has this policy impacted you and/or your company.
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