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Assume that you can impose a policy in a certain market that restricts how the firms will decide their output: simultaneously or sequentially. In this market there are only two identical firms, no threat of a new entry, and the output is homogenous. The market demand is
Which countries consume the most dung and how do the energy statistics in the BP Statistical Review account for it? Explain why consumption of a particular energy source typically ceases long before the stock of supply is exhausted. Factor demands ca..
q1. illustrate what are the reasons for differences in price elasticity of demand between different products? explicate
Suppose a typical consumer`s inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P=15-3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Find the optima..
What price and quantity will prevail if the monopolist isn’t regulated? What price-output combination would exist with efficient pricing (MC = P)?
Discuss three tools that can be used for forensics data analysis and reporting.
Suppose that pizza is a normal good. Suppose further that all pizza workers earn the minimum wage. What would happen to the equilibrium price and quantity of pizzas sold if income rises at the same time that the minimum wage rises? Explain.
Earlier this year, Greek citizens, fearing currency changes or capital controls, took billions of euros out of their bank accounts. Some of it they sent to banks in other countries, and some of it they even hid in flower pots, freezers, and yes, unde..
Icahn Tackel just signed an $11.5 million, four year contract with an NFL team. He received a signing bonus of $2 million; $1.5 million at the end of year one; $3 million at the end of year two; $3.5 million at the end of year three; and 1.5 million ..
What is anticipatory repudiation? Why is it important to be able to identify this type of a breach? How does it benefit the non-breaching party? What are the elements of negligence? What kind of damages is available under a negligence claim?
What factors will shift the supply and demand for currency? What are the three categories of transactions in the balance of payments? Give an example of each. Economists sometimes say that the current exchange rate system is a dirty float system. Wha..
Explain the debate on equal rights, especially as related to marriage, for gay men and lesbians continues. Would you classify this as an issue or as a problem.
Share one personal and one professional SMART goal. How will accomplishing these improve your life?
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