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Suppose there is an oligopoly in which two firms simultaneously choose quantity and the market determines price. If the marginal cost is $1 and the market demand curve is P(Q) = 2000 - Q. Find the quantity produced by each firm and the market price.
Suppose OPEC members met and decided to increase their oil production (and thus lower prices) for six months. This change will cause many firms’ input prices in the U.S. to __________. This change in input prices will cause a _____________ aggregate ..
Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost arising from the physical inputs Marcella required to operate her business. Which is it?
Write a report on the physical separation of data in APA style. The report should not exceed 2000 words.
The government announces that it will privatize the main bank in the country through the stock exchange.
The manager of a corporate division faces the posibility of an audit every year. She prefers to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere.
Suppose someone's utility function takes the form: U = XY Also suppose that this person has an income (I) of $100, and the price of good X is $5 and the price of good Y is $10. How would you algebraically describe this person's budget constraint? If ..
What determines the housing price in Beijing? Is it too high or not? Why? (If the housing price in Beijing is too high, it because bubbles or just heavy demand). Your explaination should be clear and logical.
What factors determine the demand, say, for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system?
Illustrate what is the market elasticity of demand. What is your elasticity of demand in this Cournot oligopoly.
Illustrate what is the effective rate of protection for sneakers.
How should the IMF (international monetary fund) operate? Why is the topic of interest to you in this course? How do you want to answer the question or issue you are pursuing?
Consider two markets. The initial equilibrium for both markets is the same, P = $6.50, and Q = 41.0. When the price is $6.75, the quantity supplied of motorcycles is 53.0 and the quantity supplied of pancakes is 111.00. Using the midpoint formula, ca..
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