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What are the differences between the long run equilibrium of a perfectly competitive firm and the long run equilibrium of a monopolistically competitive firm? Which is more efficient?
Two identical firms, Firm 1 and Firm 2, compete in quantity in a market where inverse demand is P(Q) = 100 − Q and there exists a constant marginal cost of 20 per unit. Find the Cournot equilibrium. Find the response functions q1(q2) and q2(q1)
Based on a 6-month interest period, compute the nominal annual interest rate and the effective annual interest rate.
Suppose and economy described by the Solow model has the following production function: Two neighboring economies have the above production function, but they have different parameter values. Atlantis has a saving rate of 28%, and a population growth..
Suppose the demand for Brand A Ice Cream is characterized by the following point elasticities: own price elasticity = -0.8 cross-price elasticity with Brand B Ice Cream = +2 income elasticity = +3 Based on the given elasticities, What happens to the ..
Describe the basic structure of this database (i.e. is there more than one entity/table?, how many fields are there?, what are examples of these fields? etc.).
What is commodity money and fiat money, and which kind we use?
the last major conflict between the US army also Native Americans took place at
Assume that, under a system of flexible exchange rates, Mexicans decide to increase their financial investment in Canada. As a result:
Discuss some of the conditions in each phase that may exist in a country that would lead a marketer to exclude a country.
A management consulting firm produces reports for clients using highly skilled consultants (H) and moderately skilled analysts (M). Its production function is f(H,M)=H0.5M 0.5. The wage rate for consultants is $360/hour and the wage rate for analysts..
Draw an isoquant that represents this production function (put B on the horizontal axis and G on the vertical axis). What is the marginal product of B? What is the marginal rate of technical substitution at each point on the isoquant?
Evaluate the decision-making process and its effect within the context of increased competition for health care dollars. Assess the wide range of challenging issues that you perceive will over the next five years affect NURSING HOMES.
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