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The inverse demand for a homogeneous-product Stackelberg duopoly is P = 12,000 -4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 4,000QL and CF (QF) = 6,000QF..
Boris budgets $9 weekly for his morning coffee with milk. He likes it if it is prepared with 4 parts coffee, 1 part milk. (Milk and coffee are perfect complements here). Coffee costs $1/oz, and milk $0.5/oz. Draw his budget constraint and indifferenc..
If MC was $10 per unit, how much would the firm chose to produce? If FC was $200, how much does the firm earn in profits?
Identify the legal concept of negligence and discuss the demands necessary to establish a negligence cause of action. Be sure to pay particular attention the issues of causation, foreseability, proximate cause and the defense one may have to a neglig..
q1. draw an ad-as diagram representing the u.s. economy in a recession. also draw a diagram of the u.s. labor market in
Most nurses in the United States receive their education in community colleges. Mainly because of differences in class size, the cost of educating a nurse is about four times that of an average community college student. Community college budgets dep..
Suppose a tax cut affected aggregate demand and aggregate supply. The shift in aggregate supply would make the
What are the characteristics of perfect competition? Why do restaurants tend to display characteristics of perfect competition and what are the long-run benefits of running a restaurant, considering its place in the perfect competition?
What is the solution for the manager of Collinis Import Autos believes the number of cars sold in a day (Q)depends on two factors.
Erika and Kitty, who are twins, just received $20,000 each for their 27th birthdays. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund" on her birthday, beginning a year f..
Jennifer has $10 to spend on tomatoes and cheese. The price of a pound of tomatoes is $2 and the price of a pound of cheese is $4. She has found her utility-maximizing bundle at 2 pounds of tomatoes and 1.5 pounds of cheese. Suppose Jennifer's income..
“In a situation of increasing opportunity costs, trade can be beneficial to both countries if they have identical tastes. However, trade cannot be beneficial to either country if the countries have identical PPFs” Is this statement correct of incorre..
Complete the statements about the following three theories for the upward slope of the short-run aggregate-supply curve.
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