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Problem: The market for Laptop is dominated by Firm A. The other firms tend to follow Firm A's lead in setting price and style of Laptop. The total (inverse) demand for Laptop in this town is: P = 300 - 0.1Q The marginal cost of producing and serving Laptop at by Firm A is: MCA = 40 + 0.1QA The competitive supply curve of Laptop by all the other (competitor) firms is: Pf = 100 + 0.1Qf If the dominant firm acts as a monopolist, how much will the competitive firms (fringe producers) produce?
Which do you feel is a better approach, free or fair trade? Given the concept of comparative advantage, should we even be discussing free versus fair trade?
If you have the average age of everyone in the class, and a new member comes into the class, what will be the marginal age?
Traditionally, how have estimated labour supply elasticities differed between men and women? How can economic theory explain this? Outline the relevant empirical evidence from the more recent literature? No more than 1200 words.
WHAT IS THE CURRENT UNEMPLOYMENT RATES? WHAT FACTORS AFFECT EACH OF THESE ECONOMIC VARIABLES?
A price ceiling for maple syrup caused a shortage,
If both the agency and the board are right about demand and supply, what is the free-market price? What is the change in city population if the agency sets a maximum average monthly rent of $300 and all those who cannot find an apartment leave the..
Discuss the main factors affecting the cost of producing corn, technology employed, and productivity at the level of an individual farmer.
South West Electronics Corporation (SWEC) designs high-tech business and residential security systems. The company's marketing analyst has been assigned.
consider an agent who lives two periods. he is unemployed at the beginning of the first period and has a wage offer of
the cost of a person-hour of labour is w and the cost of a machine-hour of capital is r. the firms longrun total cost
A news network stated that a study had found a positive correlation between the number of children a worker has and his or her earnings last year.
Your assignment is to assess an established economic theory or economic policy or treaty that affects more than one country.
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