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There are 100 identical firms in a perfectly competitive industry.
Market demand is given by -200P +8000. If each firm has a marginal cost curve,
MC = .4 q + 4.
What is the firm's supply curve ? What is market supply? What is equilibrium price? Equilibrium
quantity? How much will each firm produce?
Even though China's has been better than before to take up its global responsibilities, why has its performance been mixed in the view of other countries?
If the United States is a net importer of a product that is being subsidized or dumped by Japan, not only do U.S. consumers gain
Does it seem logical that the amount of labor supplied (hours worked) will decrease if the wage rate gets high enough? Why or why not? Will this phenomenon differ as related to a summer job or permanent employment?
Textbook publishers have traditionally produced both United States and international editions of most leading textbooks. The United States version typically sells at a higher price than the international edition. Discuss why publishers use this prici..
The aluminum industry faces a private marginal cost curve PMC = Q and a market inverse-demand curve of PD = 20 – QD. However, production creates an externality with marginal damages of MD = 2. Graph the private marginal cost, the social marginal cost..
We are seeing a merging of media firms. For example, companies like Verizon now provide phone, cell, TV and internet. A common form of selling services involves putting them together in packages or “bundles” and offering them for a lower price than i..
What is the "free rider" problem and how is it related to the distinctive properties of public goods? Why will unregulated markets supply less than the optimum amount of a public good?
Discuss information and opinions related to the current banking crisis and/or past banking crisis. What causes them? How can we prevent them? What has been done/should be done during a banking crisis?
Define the concept of a supply schedule or curve. Show that an increase in supply means a rightward and downward shift of the supply curve. Contrast this with the rightward and upward shift of the demand curve implied by an increase in demand.
What does pricing say about your business? Who is the customer and what effect does pricing have on them?
Set up a random experiment to test the difference between a sequential search and a binary search on a list of integers.
Participate in a discussion with your classmates regarding how monetary policies affect our lives. Utilizing the knowledge that you have accumulated during our course, and by reading or watching the current news, Specifically, discuss whether the gre..
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