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What happens if one duopilist breaks a collision agreement (include discount rate effect in your answer)
Is this an equilibrium if both duopilists care about each other's profits?
Assume tuition cost $6,142 (per semester) in 2007 and $7562 in 2021. Price index was 207.34 in 2007 and 226 in 2012. What is the 2007 tuition fee in 2012? What is the growth rate of inflation-adjusted tuition fee from 2007 to 2012? What is the inflat..
Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the..
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Illustrate what is the condition that determines whether or not the developer should assemble the parcels.
Two different brands of milk are randomly samples, and the fat content in each bottle of mild is determined. Twenty six bottles of Brand A yielded an average fat content of 26 grams with a standard deviation of 5 grams, and 31 bottles of Brand B yiel..
Explain supply, demand, equilibrium, surplus and shortage. Explain the non price determinants that can shift the supply and demand curves. Explain the concepts of price ceilings and price floors.
The market is in long-run equilibrium. What market structure best describes the pizza market in this town? Explain. What is average variable cost at this output level for each of the four shops? Explain how you derived this result.
If you invest $1,000 into a savings account at an annual interest rate of 5% (APR), compounded semi-annually, how much will you have in the savings account.
Suppose that a country's workers are universally protected by COLA's and an adverse SAS shock, occurs. After wage and price adjustments, ceteris paribus, we find
Are there specific differences between the short-run and medium-run implications of the increase in interest rate targets? Use the appropriate graphs (IS-LM and AS-AD) to illustrate your points. If relevant, include the liquidity trap in your analysi..
What category pf civil litigation constituted the highest percentage of lawsuit in 1980? Which category grew the most? Which category basically fell to zero? Personal injury, tax, condemnation, accounts / contracts / notes, reciprocals / urea, divorc..
Suppose the demand curve for a business firm is downward sloping. Which statement is true about elasticity (ED), marginal revenue (MR), and/or total revenue (TR)?
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