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Why is it possible to have a stable equilibrium with two competitors in the Hotelling model but not three? What we happen if there were four competitors. The usual assumptions apply in terms of the model formulation.
There are only two consumers, Ann and Bob, and only two goods, the quantities of which are denoted by x and y. Ann owns the bundle (15, 25) and Bob owns the bundle (15, 0). Determine each consumer’s demand function. Determine a Walrasian equilibrium ..
A company could begin saving $5,400 per month beginning 5 months from now if they install a new machine today. How much money could the company afford to spend now to buy this machine at an (nominal) interest rate of 15% per year, compounded monthly,..
Provide some examples of brands that have garnered success and have not garnered success with social media. Based on the comparison, what are the key ingredients to getting consumers to engage with a brand? Share pictures or links to assignment brand..
What are the effects of increasing in government spending both mandatory and discretionary spending on US economy forecast ot grow by 1.5%
The top 25 most frequently used DRGs accounted for approximately _______ percent of all discharges under Medicare. When medical fee schedules are negotiated by two monopolists one representing patients and one representing providers the equilibrium m..
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
suppose that a farmer has two very different 100-acre plots of land. suited for growing rice than corn one is very wet
Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price? Discuss both mor..
A person you trust asks you to loan them $2,000 at the end of year 1, $1,000 at the end of year 2, nothing in year 3, and then they will pay you $1,000 in year 4, $2,000 in year 5, and $3,000 in year 6. If you make 12% per year on your investments, d..
Based on the model of labor market, how does the monopsonist employer decide how much labor to use? Draw a graph to indicate labor supply, marginal cost and marginal product.
There are one hundred jobs and one hundred workers in a competitive job market. All the workers are equally productive. All employers dislike female workers but vary by the degree of their dislike. Job one's employer dislikes females by $100 a week. ..
The government in California is increasing minimum wage to $15 dollars and hour, will this cause a surplus or a shortage of workers (labor)? Make sure to include the appropriate Graph and who the potential winners and losers are, as well as provide a..
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