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Suppose 100 identical firms produce in an initial competitive market: P=10-Q/200 and P=1+Q/200
1. Find the competitive equilibrium price, industry output, and firm output
2. If they form a cartel what would be the profit maximizing output and price.
What production quota would be assigned to each firm.
Given a two country (A & B) and two goods (X & Y) model with identical endowments: Draw the PPF for country A that displays increasing opportunity costs and also shows that country A produces more of good X. Explain why increasing opportunity costs o..
How is the market-compensating wage differential between safe jobs and risky jobs determined? Which type will offer a higher wage?
The Federal Reserve has increasingly favored the use of Repurchase Agreements as part of its open market operations. Briefly describe these and why the Fed or banks prefer to use them.
Please write some comment about the following point of view. And it is better that have some real world data to support the comment, from perspective of supporting free trade. “have forced American workers to compete against desperate and low-wage la..
annual profits which estimate to be 85 million per yr for a 20 yr period. at a corporate MARR of 10% per year, Does project indicate it will make at least the MARR.
Why has supply chain management become so important in recent years? What has changed in terms of business and marketing resulting in growing emphasis on the development of relationships and partnerships both upstream and downstream?
Consider and economy with two consumers, Jeff and Jay, and producing two goods, wine and cheese. Illustrate using an Edge worth Box diagram and a production possibilities frontier together, both efficiency in exchange and efficiency in production. Id..
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another? Use examples to illustrate.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
q.desired consumption is 100 0.8y - 500r - 0.5g and desired investment is 100 - 500r. real money demand is p y -
Sam promises to pay Sandy $2,000 after four years and another $3,000 four years after the payment of earlier payment for a loan of $2,000 from Sandy today. What is the interest rate that Sandy is getting? Assume interest is compounded yearly.
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