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A single price monopolist faces a demand curve given by Q=200-2p and has constant marginal (and average total cost) of 20. What is the value of the deadweight loss generated by this monopolist?
One criticism is that the IMF's one-size-fits-all approach to macroeconomic policy is inappropriate for many countries. This point was stressed in the Turkey's 18th IMF Program. What do you think? Is it right? How is this affecting international busi..
Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.
The economy begins in long-run equilibrium. Then one day, the president appoints a new chairman of the Federal Reserve. This new chairman is well known for her view that inflation is not a major problem for an economy.
Suppose that the Federal Reserve injects 3 billion dollars by purchasing bonds from a bond dealer. show the new balance sheet of the commercial bank. Find the new money supply in the economy in two ways; Using the balance sheet of the commercial bank..
Imagine that you are the marketing manager responsible for developing marketing strategy for a bicycle company. Propose the strategic marketing process you will use, being sure to name the stages, the activities included in the stages, and stage-spec..
Suppose that, initially, the Michigan economy is in equilibrium with no unemployment. The supply of workers is ES = -1,000,000 + 200w, and the demand for workers is ED = 19,000,000 – 300w, where w = annual wages, and E = number of employed workers. T..
A bottling company uses two inputs to produce bottles of the soft drink Sludge: bottling machines, K, and workers, L. The isoquants have the usual smooth shape (bowed towards the point of origin). The machine costs $1,000 per day to run and the worke..
Differentiated goods are NOT a feature of a:
Describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage. What about the situations when a differentiation strategy is chosen?
The cost functions of a competitive firm are: TC = 40 + 2.5Q2. The marginal cost function is MC = 5Q. There are currently 200 identical firms in the industry. The demand function is P = 16000/Q. Find the market equilibrium price and quantity. Explain..
Using the balance of payments of United States and Japan, forecast "the direction of change in" the spot exchange rate between Japanese yen and US dollar into the future.
Which of the following are not examples of a vicious cycle of deleveraging? Explain.
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