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Perfect competition and equilibrium.
Put the demand and supply curves together (at the original productivity and wages). Taylor assumes that she is in a perfectly competitive market. How many slices will she sell? At what price?
Draw the graph again and shade in the entire area of consumer surplus. Shade in the entire area of producer surplus.
Calculate consumer surplus as the sum of the difference between the marginal utility and the price for each slice up to the last slice sold. Calculate producer surplus as the sum of the difference between price and marginal cost for each slice.
Calculate and describe the Nash equilibrium (quantities, price and profits) in the game in which both firms choose their quantities simultaneously.
A multinational company is accused of paying bribes to the government of a host country to obtain permission to build a production factory. the public relations manager of the company defends the company's actions as being ethically sound; he states ..
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which of the 3 determinants of macro performance (internal market forces, external shocks, and policy levers) would you consider the most important in terms of gauging the success/failure.
Your company is considering a new project -- buying a new truck to make some new deliveries. The deliveries will be worth $80,000 each year, for 8 years. The truck will cost $150,000. It will be kept for 8 years, at which time it can be sold for $30,..
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Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded.
Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles. This work is contracted out to maintenance firms, and both technology and labor requirements are very basic.
Analytical essay about "Why bother with theory in IPE? The essay should deal with a brief description and critical assessment of the four major theoretical perspectives discussed in class. What are "liberal" (also related to Keynesianism", "neolibera..
How does the health of the economy affect your financial health? How healthy is the U.S. economy right now? On what measures do you base your judgments? How will your appreciation of the big picture help you in planning for your future?
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day
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