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2 companies are competing for output. The leader firm knows the market demand to be P=1200-Q. The demand for the other company is Q2=400-0.5Q1. Both companies are have marginal cost $200. How much output will the leader company produce?
If he continued to work exactly as many hours as he did before the wage increase, how much more money would he have each day to spend on consumption?
Describe your educational goals and share personal information as directed by your instructor and to the extent that you are comfortable.
Discuss an increase in the personal income tax will slow the growth rate of the economy.
Suppose the government imposes an ad valorem tax on coal producers of 7% of the sale price. What is the competitive equilibrium in the absence of the tax? What is the competitive equilibrium with the ad valorem tax? What is the change in consumer sur..
If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.
The organization where you work is expanding into the global market by opening an office in China. What are some potential ethical and social issues that may arise as the company expands into this new area? Can these issues be avoided or mitigated?..
Mcdonalds spends millions of dollars each year on legal protection of it's brand name, thereby preventing any unathorzed use of it. Explain what information this conveys to you as a customer about the quality of Mcdonalds products
Who are the stakeholders involved when it comes to the economic demands and society's expectations of post secondary education?
___does not count in GDP numbers until the final product is sold. This is used to change variables from nominal to real: This gov. policy is part of the collection of policies deemed "shock absorbers." This particular policy is used for those recentl..
Suppose the government implements a policy that subsidizes business investment. Explain how will this affect the relationship between investment and the interest rate.
Besides elections and campaigns, do the major political parties influence public values and ideas.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
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