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Draw a graph for an oligopolist firm operating in Sweezy setting and show the equilibrium price and quantity.
How does the equilibrium price change when the MC increases or decreases in a certain range?
Which of the following statements is true about limited liability?
Assume the demand for plastic surgery is price inelastic. Are the following statements true of false? Explain. When the price of plastic surgery increases, the number of operations decreases. The percentage change in the price of plastic surgery is l..
Demand curve is P=41-Q/100 cost of labor is L= 10. The profit in function is Q=10L. What is the marginal revenue product?
How are the depopulation of Whales worldwide and Congested Highways similar in terms of economics? What are some possible solutions to both?
As an active participant on the Physics Stack Exchange I have, on several separate occasions, run into some vague remarks about the 'intimate relation' between the famous Black-Scholes model in economics and the Schrodinger equation that appears in q..
Which of the following will make crowding out caused by government borrowing more severe?
The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Based on t..
The domestic price of one bottle of rum in Trinidad is 15 Trinidadian dollars. According to PPP, what will the exchange rate between the two countries be?
In a long run aggregate supply and demand context where the economy starts with an output gap of $500 billion, the reserve ratio is .1, and the Federal reserve buys $50 billion in bonds, show the effect of this monetary policy. Assume banks loan out ..
You are preparing a firm fixed price (FFP) solicitation for the fielding of a new system. Do you include a requirement for the winning contractor to provide
Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. Calculate your aunt's expe..
The difference between a monopsonist and a monopolist is that. In a perfectly competitive output market, the value of the marginal product of a resource is
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