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Economics - Demand curve
Suppose a firm's demand curve is given by P=120-0.5Q. Find the (value of) price elasticity of demand (point elasticity) for the demand curve when the price is $100. Is demand elastic or inelastic?
Once it's determined to be elastic or inelastic, how do you come to that conclusion?
Two identical firms face linear demand. Market demand is given by P=30-Q.Solve for Stakelberg equilibrium prices and outputs.
Illustrate what interest it should be used in project analysis calculations.
Some politicians in countries that are the recipients of large numbers of immigrants advocate adopting laws requiring immigrants to learn the local language within a specified period of time.
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
Compute the velocity for the two countries in 1985. Explain why do you think the velocity was so much higher in Brazil.
Find out an article which is related to health economics from health journal. Some possible sources include Health Affairs
From this information, can you devise a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms in the market merge? (Hint: compare a2 + b2 with (a + b) 2)
Illustrate role do property rights play in creating common property resources? Why are common property resources subject to market failure due to nonexcludability.
If a industry wants to raise total sales revenue. What happens to the demand for beer if the price of soda falls.
A tariff I ssimply a tax on imports. Use our model of the excise tax (with diagram) to expain why domistic firms request that tariff? Consider both the domestic and the foreign country in your answer
Suppose the costs also benefits incur at the end of the year, should the city buy the trucks.
It is given an offer to split, if you accept this offer you keep the $1, and the other player keeps $19.
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