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Suppose that Norway (country 1) and Russia (country 2) are the only two natural gas exporters to Germany. The inverse demand curve is P= 100-Q, where P is price and Q is the total quantity in the market. Costs are C1=Q12 and C2=10*Q2, where C1 and C2 are the total costs for Norway and Russia, respectively. Suppose Norway and Russia compete on quantity (Cournot Duopoly). What are the market price and quantity in Germany? How much does each country sell in Germany?
Suppose that Algeria (country 1) and Russia (country 2) are the only two natural gas exporters to French. The inverse demand curve is P= 100-Q, where P is price and Q is the total quantity in the market. Costs are C1=20*Q1and C2=10*Q2, where C1 and C2 are the total costs for Algeria and Russia, respectively. Suppose Algeria and Russia compete on price (Bertrand Duopoly). What are the market price and quantity in French? How much does each country sell in French?
The health care industry desires to get bigger and that its only option is a merger. Now the industry is confronted with the government regulations to oversee merger.
for most purposes, money lowers the cost of making transactions relative to barter-the direct exchange of one good or service for another. However, barter has not disappeared, even in an advanced economy such as that of the United States. Can you ..
Discuss and explain the difference between comparative advantage and absolute advantage. Also, provide some specific example so I can understand the difference.
compute the equilibrium price and quantity when the per-ton price of scrap steel was $156, and the equilibrium price-quantity combination when the price of scrap steel reached $302 per ton. Suppose the cost function of a representative minimill pr..
You will write a short 350-500-word report on this issue and post it on the discussion board during your assigned week. You should include two discussion questions at the end for your classmates.
Determine some of the technological advances in telecommunications and transportation that have impacted global business in the last decade?
Assume that both the stock market and housing prices fall in the United State 1st, describe the channels through which these shocks affect aggregate demand for goods and services.
Following are parameters for an open economy open economy where C=10+.8(y-T); I=10 G=10 T=10 and imports and exports are given by IM=.3Y and X=.3Y* respectively where Y is foreign output.
Calculate the forward discount or Premium for Mexican peso whose ninety day forward rate is $.102 and spot rate is $ .10.
Suppose if you were chief economic advisor to the President at present, what are the 3-recommendations you would make to him to improve overall effectiveness of the economy?
Consider the costs of the new American producers who produce silk only after the tariff is inplace. What area on the graph shows the amount by which their total costs are higher than thetotal revenue that foreign producers would receive to produce..
What role did Swiss government and politics play in 2001 liquidity crisis and grounding of Swiss air and did the government and politicians act unethically together with the banks.
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