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Consider a market for a commodity with the following demand and supply functions:
100 P + 1500
Qd =P2 + 10
Qs = P(3)0.02 P - 10
Use the Taylor expansion and find the first degree or linear approximation of the market equilibrium price and quantity.
Imagine you have a price weighted index made up of 2-stocks, Stock A and Stock B. The price of A equals $30 and the price of B equals $70.
A pump cost $29,238 when it was purchased. The cost to operate the pump were $500 the first year and increased $50 per year for each of the next 10 years of the life of the pump. The pump has a salvage value of $5675 today, at the end of its 10 year ..
The game is identical to that of Stackelberg except that in the first stage both firms can commit to their output. In which stage would the two firms commit to output? What is the SPNE equilibrium?
How does lobbying work in government?
Canada, Mexico, and the United States have a free trade zone. What would be some of the advantages of having a common currency as well? The disadvantages? Do you think it would be a good idea? Why or why not?
Select any industry with which you are familiar. Make a graph of this market in equilibrium. Provide 2-examples for industry of conditions which would change supply and two that would change demand.
explain the most important characteristic in perfect competition monopolistic competition oligopoly and monopolies and
part of the debate among economists on us airline deregulation in the 1978 involved the theory of contestable markets.
Why are some of the thoughts and actions of the above noted economists classified as classical, keyesian or monetarist
Assume a market is characterized by a unionized and a non unionized sector. Both sections initially have supply given through Q=10,000+25w, and demand by Q=20,000-10w, where w is weekly salary.
All else held constant, for which good is labor productivity greater? Assuming the same capital structures in both industries, which good will have the lower average per unit cost to produce?
Determine which of the following is most likely to indicate statistically significant regression coefficient? Assume the price elasticity of the supply of cheese is 0.80. If the price of cheese rises by .20 percent,
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