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Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. What is the amount of the deadweight loss?
imagine that you have a fixed 30-year interest rate for your mortgage and the economy has experienced unanticipated
More precisely, buyer and seller play a game in which they report their valuation. The rules of the game are as follows: if the seller reports c' and the buyer reports v', the object is transferred from seller to buyer with probability
1. delores has a different price consumption curve associated with each possible income level. if two of these curves
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the ec..
suppose that u.s. citizens start saving more. what does this imply about the supply of loanable funds and the
question 1 using the same amount of resources the united states and canada can both produce lumberjack shirts and
define the different types of unemployment. explain which type of unemployment is most directly related to the economic
determine the two equal deposits the first deposit required now and the second deposit at the end of year 6 so that you
Alcohol is illegal in dorms at ACME college. Why are students more likely to sneak in a couple bottles of, say, tequila, rather than cases of beer even though most would rather drink beer than tequila
problem 1use the internet to study two franchisees in two different industriesor sectors. then carefully evaluate and
Calculate Kalvin's expected haul over the four event crime spree and calculate the probability that Kalvin will never get caught over the four days.
1.in the 1900s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
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