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(Leakages and Injections) What are the leakages from and injections into the circular flow? How are leakages and injections related to the circular flow?
design two packages for the second-degree price discrimination case so that the first package has quantity 8 for the high demand and the second one has quantity 6 for the lower demand such that the low demand group has consumer surplus at least $5..
You are a manager of a firm with a following demand and cost functions in a perfectly competitive market. The price in your market is $35. Your total cost curve is: TC = 10 + 2Q + 0.5Q^2
determine the new equilibrium price and quanity reproduce the graph tha u drew for question 4 and label oringinaldemand and supply schedules and labal oringinal equilibium priceand quanity.
Now that India is also opening up to world trade, how would you expect this to affect the welfare of China? Of the United States? (Hint: Think of adding a new economy identical to that of China to the world economy.)
Each of 100 rms in a competitive market has a cost function of c(Q) = 72 + 2Q2, meaning each rm has a marginal cost of MC = 4Q. The market demand curve is QD = 600 5p. a. Solve for the short-run equilibrium price and quantity
An industry consists of two firms with identical costs C(q) = 5q +q2=2. The firms can either collude or compete. If both collude, they each produce qm (half the monopoly output Qm). If one rm colludes and the other competes
The company you work for has a high speed 5-axis milling machine which was purchased 5 years ago for $200,000 and has a 10 year life. This machine is currently idle and can be used to make a product designed by a research institute
Analyze the role that a time series might play in helping address the business
Assume an open, mixed economy (C+I+G+X=real GDP) and an MPS of .4. Would it be expansionary, contractionary, or useless to the economy to increase government expenditures by $30 billion and also increase taxes by $30 billion.
the football coach at midwestern university was given a 5 year employment contract that paid 225000 the first year and
Why might the above relationship signal a recession? Why might it not?
A purely competitive firm finds that the market price for its product is $20. It has a fixed cost of $100 and a variable cost of $10 per unit for the first 50 units and then $25 per unit for all succcessive units.
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