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True/False/Uncertain and explain why: There is no per-unit subsidy, s, of the 2-?rm Stackelberg follower that would end up having the leader and follower be equal in size.Assume p(Q) = a - bQ, and that both ?rms face constant marginal cost of production and no ?xed costs.
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits?
If goods A and B are substitutes in consumption, a decrease in the price of good B will _________. If goods A and B are substitutes in production, a decrease in the price of good B will _________. If goods A and Z are complements in consumption, an i..
Imagine that you are a lobbyist for timber, an established industry suffering from low-priced foreign competition, and you are trying to get Congress to pass trade restrictions. Which two or three of the five arguments do you think would be most pers..
Assume an open, mixed economy. Assume the MPC is .7. Assume a stimulus package of $100 billion has been approved by Congress and the money has been spent. In order to pay for those expenditures, Congress also approved a $100 billion increase in indiv..
Talk about six economies of worth, or sets of values, that we prioritize differently. Although we may not always prioritize our values the same way in different situations, I'd like to think about how you would rank these six economies of worth for y..
Which method is more likely to be technically efficient. Illustrate what is the probability that she wins.
Why is personalization becoming an important element in EC? What techniques can be to learn about consumer behavior? How can it be used to facilitate customer service? Give an example
A firm has more discretion over its internal wage structure:
Using the money market and bond market analysis explain how the Federal reserve could lower the interest rates by buying government bonds from the banking sector of the U.S. economy ( should included two graphs and an explanation)
Suppose that the price of good x is $30 and the pice of good y is $30 and a bypothetical consumer has $600 to spend per period on goods x and y. what is her marginal rate of substitute.
Which of the following are valid arguments for tariff protection?
The U.S. market for hand sanitizer is controlled by a monopoly (firm I, for incumbent) that has a total cost given by TC(qi) = 0.025qi^2. The market demand for hand sanitizer is given by P = 50 – 0.1Q. Show that the monopolist would need to commit to..
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