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What are some advantages and drawbacks of our current global economic system?
Suppose a competitive rm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C (Q ) = 10Q + (Q 2/160). The marginal cost is given by MC = 10 + (Q/80).
Suppose a firm is doing the best that it can and faces the following data: TR = 40, FC =20, VC =50. Should this firm exit the market immediatly? Explain. Should this firm exit the market in the long run? Explain
What is the best-case and worst-case NPV figures. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations
How to explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
1) Discuss possible extraneous variables and how they could be controlled.
The demand curve in its home market is P = 200 – Q; the demand curve in itsforeign market is P = 160 – 2Q; and its marginal cost is a constant $20 per unit. 19. What is the discriminating monopolist's profit- maximizing output in the domestic market?..
In the case of a perfectly price-discriminating monopoly, there is: On Black Fridays, most retail outlets have major storewide sales. Yet, as one of the busiest shopping days in the United States, one would expect prices to increase, not decrease. P..
Topper, Michael D., Stanley Watt, and Jingming "Marshall" Yan. 2014. "Google-ITA: Creating a New Flight Search Competitor (2011)" in John Kwoka and Lawrence Whi
Consider the long-run implications of the price changes from part (b). In the long run, do expect to use more or less labour, relative to part (a)? Do you expec
A market basket of goods and services that costs $100.00 in the United States costs 800 pesos in Mexico, and the current nominal exchange rate is 10 pesos per U.S. dollars. The real exchange rate now if today’s price index in both countries is 100?
The exchange rate is 7.08 Yuan/$. How much does the Chinese Latte cost for an American visiting China (in US dollars)?
What are expectations, and why are they important in macroeconomic models? What would you think about a macroeconomic model that assumed that people’s expectations of inflation were constant, even though the inflation rate changed over time?
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