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Assume you own a new car dealership. Graphically represent the business cycle and reflect on which phase(s) of a business cycle will your car sales most likely increase and in which phase(s) will they decrease. Justify your answer by referring to the type of product you are selling.
The inverse demand for a homogeneous-product Stackelberg duopoly is P = 20,000 -4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 2,000QL and CF (QF) = 4,000QF.. a. What is the follower’s reaction function?
Your friend needs to write a massive term paper over the next three weeks, but the NBA playoffs are heating up. If she concentrates, she can write the term paper in a week. Suppose your friend if time-inconsistent and naive, with β =1/2 and δ = 1. Wh..
Plot the supply and demand curves. What are the equilibrium wage and employment levels in this market?
What factors affected the demand and supply for health service and educational teachers during the last 10 years?
Describe the roles of government bodies which conclude the national fiscal policy
For each of the following scenarios, use a supply and demand diagram to illustrate the effect of the given shock on the equilibrium price and quantity.
q1. suppose we use two inputs lets say capital and labor and the price of capital is pk and the price of labor is pl.
How do prices, output, and profits differ between monopolies and monopolistically competitive firms.
q. based on market research a recording company obtains the following information about the demand and production costs
To properly justify the governmental provision of a public good, it must be the case that the __________ and that __________.
Is there an arbitrage opportunity here? If so, explain exactly how you would take advantage of this situation to make riskless profits.
Determine the likelihood function and a minimal sufficient statistic for this model. (Hint: the Factorization Theorem and maximization of the logarithm)
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