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Question: Do two variations on the tycoon problem with 100 firms. In the first, all numbers are the same as in the text, except the probability that a company is good is now .4 instead of .6. How many winner firms will be abandoned after two rounds of management trials? In the second variation, again use the same numbers as in the text, except the probability that a new management is competent is now .5 rather than .7. Again, how many winner firms will be abandoned after two rounds of management trials? What, if any, conclusions might you draw from these examples?
If the market price for the firm's product is $30, What is its profit if it operates?If the market price for the firm's product is $14, what should the perfectly competitive firm do? What is the firm's supply curve given the data above
Consider the market for ipods. The government decides to impose a price ceiling on ipods. You are told that this is an effective price ceiling. Describe what would make this an effective price ceiling.
give a specific example of such a regulation and discuss the extent to which you think it has been successful. What other approaches are available to reduce this particular type of market failure
From the following table which describes a series of economic activities in a given year, calculate the value-added at each step of the economic activities and its contribution to GDP
Explain the use of cost-benefit analysis in managing environmental matters. Evaluate its appropriateness as a decision-making tool for environmental issues.
Hot Air Balloon Rides is a single-price monopoly. Columns 1 and 2 of the table set out the market demand schedule, and columns 2 and 3 set out the total cost.
after her great success making pies with johnny depp in sweeney todd your friend helen b. carter has opened a
Assume that a $1,000 bond issued in 2012 pays $100 in interest each year.What is the current yield on the bond?
consider a scenario where the contingency planning management team cpmt of your organization has designated you as the
imagine that it is the year 2199. technology has progressed at an incredible pace. the latest discovery is the
consider an islm model of an economy with the following equationsc 300 0.6ydi 100 - 5i 200 100t 0.2yl 0.5y - 30i
How many units will this firm produce? How can you tell? What price will this firm charge? How can you tell? What is the maximum amount of profit this firm will earn? How can you tell?
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