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What were the 4 boxes of our economic model of climate change? Where do the biggest sources of uncertainty come from?
Two firms compete in a market to sell a homogeneous product with inverse demand function P = 400 - 2Q. Each firm produces at a constant marginal cost of $50 and has no fixed costs. Use this information to compare the output levels and profits in sett..
The accompanying table shows a boat manufacturer’s total cost of producing boats. Quantity of Boats Total Cost 0 $ 450,000 1 $ 490,000 2 $ 510,000 3 $ 520,000 4 $ 540,000 5 $ 570,000 6 $ 610,000 7 $ 670,000 8 $ 750,000 9 $ 870,000 1. What is this man..
a) How a lender can lose from inflation if the inflation is unanticipated and the loan is a fixed-interest-rate loan.
Describe the alternative growth options available to the business known as "Lululemon " in the global environment.
At the end of a year, the bond paid interest of $90. You sold the bond for $950 after receiving the interest payment. What was your capital gains yield?
N players are competing for a prize of 20 dollars. Who wins the prize is determined as follows. Each player submits a real number between 0 and 100 simultaneously. A player wins if his number is the closest to 2 of the average of the numbers of all N..
Which of the following methods cannot be applied for finding the initial solution of a transportation problem?
Given the following cost function, determine the level of (nonzero) output at which the cost function is minimized, and the level of the costs. MC=200-48Q+3Q^2
In the first chapter, we learned about the concept of specialization and comparative advantage. By learning these concepts, we tend to agree that specialization along lines of comparative advantage and then trade is beneficial. In your opinion, does..
An excise tax of $0.50 per liter of gasoline is placed on the suppliers in a market with downward sloping demand and upward sloping supply.
Demand for good X is x=100-P, where P is the market price of X. A monopolist supplies this market and has a cost function 15x. When the monopolist produces his optimal level of X, what is the resulting dead weight loss on the economy?
Describe a pricing decision your company has made. Was it optimal? If not, why not? How would you adjust the price? Compute the profit consequences of the change.
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