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Q. Total industry profit, T = 1 + 2 = $288 + $144 = $432. Compared to Cournot equilibrium, total output has increased from 32 to 36, price has fallen from $21 to $17 and total profits have fallen from $512 to $432. Profits for Firm 1 have risen from $256 to $288, while profits of Firm 2 have declined sharply from $256 to $144. B. How much will each firm produce and what will its profit be?
Illustrate what will be the total consumer surplus to those consumers.
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
Assume that at price index of 154, the quantity demanded of Real GDP is 9,000 billion worth of goods and services. Elucidate do these data represent aggregate demand or a point on aggregate demand curve.
Can you explain the law of diminishing returns in your own job place. Can you find a counter example.
Explain how is it possible which output rises while at the similar time employment is falling.
Illustrate what role does comparative advantage play in trade among member nations
Explain why are changes in inventories included as part of investment spending
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Compute the equilibrium level of income. Sketch this equilibrium position using a two-dimensional graph.
PL is the price of unskilled labor in dollars (the wage rate = $6), PC is the price of capital as a percentage, I is family ncome also PS is the price of California oranges.
Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.
In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
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