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Discussion
Writing about railway business impact on the global economy and logistic services.
Consider a perfectly competitive firm that is currently producing a quantity of one hundred units. At this level of output, suppose its marginal cost is $60 and its average total cost is $60. Given a market price of $60, for this representative firm ..
Consider the optimal choice problem of labor and recreation. Suppose a consumer works the first 8 hours of the day at a wage of $10, but received an overtime wage of $20 for additional time worked. Draw the budget constraint on an optimal choice diag..
As firms enter a monopolistically competitive industry, the existing firms' demand curves will: A Nash equilibrium occurs when:
You are looking for the values of Pa and Pb where both products are at equilibrium, which means both of those equations are true.
Plot residual by time and explain residual plot where you find any problem. Do we violate any 7 assumptions of OLS. If so, what are consequences.
Pi=1nb+P¯-XiX¯bPi=1nb+P¯-XiX¯b for any firm i. Fixed Costs are F=$6M, Marginal costs are constant C=$300 per barrel. b=.0125. The size of the home market is 30M
Suppose that Agostino's hourly wage is $30 per hour, his rental property yields $120 per day, and he has 16 hours in a day to allocate between leisure and work. Draw his daily budget constraint. How much can Agostino consume if he enjoys 16 hours of ..
If gun control legislation were passed to reduce the number of homicides, which of the following graphs would be most likely to convince you that the legislatio
Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand function is Qd = 10000 − 100P where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. What is Joe’s best response function..
Determine the present worth of a series of annual deposit of 1800 during years 5 through 14 and a series of withdrawals of 1900 through years 6 to 15. The interest rate is 3 percent.
Describe the short run and long run equilibrium in a monopolistically competitive market. An open market purchase of securities will always cause the equilibrium Fed Funds rate to fall. The "time-inconsistency problem" is less likely to occur when th..
The effectiveness of monetary policy is increased
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