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Market demand is given as OD = 250-0.5P. Market supply is given as QS=2P. if price increases from $385 to $390, what is the price elasticity of demand?
Consider a consumer with preferences over newspapers (x) and books (y) that can be represented by the quasilinear utility function u(x,y)=x+2sqrt(y)
consider a perfectly competitive market with an infinite number of firms. each firm has ltbrgtthe following long-run
Set up the problem in an alternative, equivalent way where the govern- ment's budget constraint is modelled as a separate constraint in the La- grangean. What must be the value of the Lagrange multiplier on this con- straint at the optimum?
What is the monopolist's profit-maximizing combination of price and quantity and What is the firm's profit?
What is a perfectly competitive market? What is marginal revenue? How is it related to total and average revenue? How does competitive firm determine the quantity that maximizes profit?
1.We haven't talked much about the discount rate. Why don't you tell us what this is, and who pays it? Is it frequently used?2.Let's say the gov't didn't start the housing initiative, and so didn't pressure banks to make loans to people who wouldn't ..
Prepare a 10-minutes presentation on 'Fiscal Policy'. 10 minutes should also include a 2-minute video on the related topic.
)Determine the range of prices for which the firm earns a profit. 3) Calculate the profit maximizing output and the resulting profit when price is $101.
Suppose a firm has a labor demand curve given by w = 20 - 0.01E. Furthermore, suppose that the union representing workers in the firm derives utility.
Now you must decide: Do you stick with your original choice, curtain 3, or switch to curtain 1? Which action gives you the better chance of finding the grand prize?
Suppose that Natasha’s utility function is given byu(I) = 10I, where I represents annual income in thousands of dollars.
What is the difference between a "managerialist" philosophy and a "shareholder primacy" philosophy of corporate governance?
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