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Demonstrate the short-run profit maximizing equilibrium graphically for a sports team facing a negatively sloped linear demand with a short-run total cost function (SRTC) of the form: SRTC = TFC + TVC = TFC + A, where TFC is total fixed cost; TVC is total variable cost; A is attendance and > 0 is a constant. On your diagram identify equilibrium attendance, the price of tickets and profit. Assume there are positive profits over some range of attendance.
The government levies an excise tax of 5 cents per unit sold on the sellers in a competitive industry. Both supply and demand curves comprise some elasticity with respect to price.
Describe the economic and political economy aspects of the globalization debate. Why has globalization created so much controversy.
If the elasticity of US exports with respect to the real exchange rate is very low, will this increase in private saving have a large or small effect on the U.S. real exchange rate
Elucidate why the Fed must normally add reserves to the banking system via open market operations on most days in order to maintain its interest rate target in the Fed Funds market.
Illustrate what are the pros and cons of companies competing in the global environment and how this has affected the U.S. economy and the global economy.
Briefly discuss the methods traders use in attempting to evade the difficulties they face in markets that involve "Lemons".
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook-Algebraically determine the equilibrium industry price/output combination.
Elucidate a monopoly which formed naturally or through vertical or horizontal mergers.
At which level of initial wealth will he be indifferent among taking on the risk of getting no income and buying the insurance that removes the risk.
Explain how the Central Bank can set the nominal interest rate in the money market. In addition, explain how it can use expansionary monetary policy to boost GDP if the economy is in a recession.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Findout the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.
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