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DQ 1. If a firm's current revenues are less than its current variable costs, when should it shut down? If the firm decides to shut down, should we expect that decision to be final? Explain using an example.
DQ 2. How can patents speed up the process of creative destruction? How can patents slow down the process of creative destruction? How do differences in manufacturing costs affect which industries would be most likely to be affected by the removal of patents?
DQ 3. Additionally, please write 3 summation paragraphs for each Chapter relative to the most significant pieces such as...what is really meant by Pure Competition as a market model? What connections can you make?
the world bank is currently advising newly industrialized countries on how to encourage growth and they have asked for
Suppose that the average household in a state consumes 800 gallons of gasoline per year. A 20-cent gasoline tax is introduced, coupled with a $160 annual tax rebate per household.
question 1the smith corporation is a shoe-maker producing shoes branded p while its competitor produces shoes branded
Write the equation for the total demand for emissions across both sectors. Does one sector have uniformly lower marginal abatement costs than the other? What is the total amount of emissions in the absence of regulation?
A hypothetical economy can be described by the Solow growth model. Answer the below questions for this economy by using the following information. What is the steady-state level of capital per worker? What is the level of steady-state consumption per..
write a 350- to 700-word paper that defines the roles and application of management functions used by todays health
It has been said that Porter's five forces analysis turns antitrust law on its head. What do you think this means in terms of US commercial airlines? [Hint: Think of your project.] (1 point)Supposing Delta is an example of a very large US commercial ..
Presume the equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. As a result, the government is able to raise $740 per month in tax revenue. We can conclude that the equilibrium..
A price ceiling for maple syrup caused a shortage,
Consider a Cournot duopoly with the inverse demand p = 130 - Q. Both firms have constant marginal and average cost MC = AC = 10. Find the Cournot-Nash equilibrium output and profit of each firm. Calculate the con-sumer surplus and DWL.
Almost all of the fossil fuels that we are now currently using were formed during the Carboniferous period. (b) There seems to be a strong correlation between increases in the availability of food energy per person and increases in human populati..
some financial intisutions may take action to remain profitable because of the lower interest rates. Obviously when the interest rates are lower, companies tend to lose money, because it is cheaper for consumers to pay back loans. Financial stabil..
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