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Two firms compete by choosing price. Their demand functions are Q1 = 40 – P1 + 0.5P2 and Q2 = 20 +0.5P1 - P2where P1 and P2 are the prices charged by each firm, respectively, and Q1 and Q2 are the resulting demands. a. Firm 1’s best response function (reaction function) is
Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.
If employment in a country decreases when the economic activities of that nation declines, the relationship between employment and economic activities can be considered as which of the following?
Suppose unemployed people leave a state to obtain jobs in other states. What do you predict will happen to the unemployment rate in the state experiencing the out-migration? What might happen to the unemployment rates in the states experiencing in-mi..
The total demand as well as for money is equal to the transactions demand as well as plus the asset demand as well as for money.
You’ve just decided to add a new line to your manufacturing plant. Compute the expected loss/profit from the line addition if you estimate the following: There is a 70% chance that profits will increase by $100,000. There is a 20% chance that profits..
If we assume that the required reserve ratio is 10%, please provide a detailed write-up of what actions could (should) the bank manager take if there is an unexpected deposit outflow of $50 million?
If they charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit.
Opportunity cost is associated with choosing a particular decision that is measured by the forgone benefits of the next-best alternative. What example would you pose to explain this?
If a nation has no absolute advantage, then it? A) cannot gain from trade B)can still gain from trade C)can only gain from trade if it raises its productivity D)can only gain from trade if it reduces wages paid E)can only gain trade if it produces ou..
Suppose that two people, Mary and John each live alone in an isolated region. They each have the same resources available, and they grow corn and raise pigs.
Prove that every weighted average of three numbers x1
A local department store puts out products at an initial price, and every week the product goes unsold its price is discounted by 25% of the original price. If it is not sold after 4 weeks, it is sent back to the warehouse.
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