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You are the manager of Taurus Technologies, and your sole competitor is Spyder Technologies. The two firms' products are viewed as identical by most consumers. The relevant cost functions are C(Qi) = 4Qi, and the inverse market demand curve for this unique product is given by P = 160 - 2Q. Currently, you and your rival simultaneously (but independently) make production decisions, and the price you fetch for the product depends on the total amount produced by each firm. However, by making an unrecoverable fixed investment of $200, Taurus Technologies can bring its product to market before Spyder finalizes production plans.
What are your profits if you do not make the investment?
What are your profits if you do make the investment?
Find the equilibrium price and quanitity. If the curent pice of te product is $100, what is the quantity supplied and the quantity demanded? How would you describe this situation, and what would you expect to happen in the market?
Assume all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit.
A rise in average variable price always increases the degree of operating leverage for firms making a positive net profit.
Create another diagram; once again start from an initial macroeconomic equilibrium. Explain both the SR and LR impact of a contractionary AS shock on Y. Use the appropriate diagrams and provide a brief real world example of this type of shock.
If the full-employment level of Y is $250, what fiscal policy might the government follow? d. Suppose Y = $200, C = $160, S = $40, and I = $40. Is Nurd's economy in equilibrium
Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to
Give some arguments for and against the critisim of the federal income tax exemption of interest on state-local debt as being an inefficient subsidy.
Elucidate Classical economists believed in the self-correcting nature of the economic system. They believed that the major adjustment.
Compute the incremental gain Fluff Rite would earn by customizing its poppers and marketing directly to retailers.
Show the PBC balance sheet. What is PBC's target reserve ratio and how much "bank capital" does PBC currently have? Explain.
Elucidate that the indirect utility fuction of quasi convex function of prices and income
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
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