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Your personalized sweatshirt business requires you to hire specially trained employees, so you are a monopsonist. Remember that you must pay everyone the same wages. There is no discrimination. Hint: you will need 5 more columns. Using the table below:
Determine how many employees a profit maximizing business could hire. What wages would you pay?
What is the point estimate of the population proportion? b. What is the point estimate of the population variance? c. Write a 95% confidence interval for the population proportion (? = .05).d. Will the bond proposal be approved with a 95% confidence?..
Suppose Gillette makes razors and blades. The marginal cost of producing blades is 1 and assume the marginal cost of producing razors is 5. Gillete has a monopoly in the razor market, but the blade market is competitive.There are two types of cons..
As an employee of World Bank you've been asked to research the needs of a country with a particular economic concern.
Suppose a four year pure discount bond with a face value of $1000, if current price is $850, calculate the annualized yield of this pure discount bond.
The spirit of equating marginal cost with marginal revenue is not held by perfectly competitive firms oligopolistic firms or else.
Consider the following marginal abatement costs (MC) for a firm using an old abatement technology, where costs are in thousands of dollars. MC=0.5Q a) Assume that the regulatory authority has set an abatement standard (QST) equal to 40 units fo..
Elucidate the phenomenon of market foreclosure. Specifically, explain how a vertical merger may "substantially lessen competition or tend to create a monopoly".
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
Suppose two identical firms produce widgets and they are the only firms in the market. Find the Cournot-Nash equilibrium.
The rate of return on common stock (Ke) is 13 percent. The industry has a constant growth rate (g) of 7 percent. Calculate the current price of the stock.
Indicate whether each of the following statements is true, false, or uncertain, and explain your answer.
The Canadian economy is in long-run equilibrium. Assume the following events occur one at a time. Show the effect of each event on Aggregate Demand and Short-run Aggregate Supply in Canada by shifting only one curve.
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