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Question: Given Firms in a market face C(Q)= ((Q^2)/3)+2 and market Demand Q^D(P)= 60-p Derive long run values Q* p* Q* n* Furthermore Suppose only one firm faces the same cost and demand structures. What are the monopoly quantinties Pm Qm PiM.
A firm has a fixed production cost of 5, 000 and a constant marginal cost of production of 500 per unit produced.
If inflation and nominal interest rates are constant, at what rate, if any, will velocity grow Given a permanent (once and for all) rise in level of interest rates, how will it affect the level of velocity and the growth rate of velocity
Use Human Capital theory and describe the relationship between skill and unemployment. Naturally, economists and the public at big usually think of skill level having having an inverse relationship with unemployment.
The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:
Suppose that the government set the price of chocolate at $6 per pound. Which of the following statements best describes an effect of this price control? There would be a surplus of 40 pounds of chocolate.
Highest average fixed cost at which the firm can produce any given level of outputd. lowest marginal cost at which the firm can produce any given level of output
Econometrics 718 - Problem Set 2. Only use the data from 1987 and 1988. Construct the difference in differences estimator in two different ways: Construct the 4 means (control, treatment × before, after) And Run the regression
Suppose we observe that as a firm decreases its price its total revenue decreases. Which of the following is a possible value of its price elasticity of demand. Which of the following will not cause a decrease in the demand for apples.
What happens to the marginal rate of substitution as you move along a convex indifference curve? A linear indifference curve?
There're 10 auto firms in this problem each showing their market share percentage (US auto industry). The proposed merger involves Ford 22% and BMW 1%.
List the 4 components of the GDP, in descending order of magnitude for the USA (3rd and 4th may change position at certain points in the business cycle, don't worry about them). Research and state, on average, the percentage of GDP each component rep..
Conservatism is discussed in paragraphs 91-97 of SFAC Na 2. Why is its role in SFAC No. 2 rather ambiguous?
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