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Assume that for a certain product, Brand A has 15% market share, Brand B has 20% market share, and Brand C has 65% market share. A new brand, Brand D (D for Dominant :) ), enters the market and captures 30% of the market. The total market has not grown. If brands A, B, C all lost share by the same relative amount, than what percent of the market does Brand B have now?
Consider two rms facing the demand curve P = 50- 5Q where Q = Q1 +Q2 . The rms cost functions are C1 (Q1 ) = 20 + 10Q1 and C2 (Q2 ) = 10 + 12Q2. If they collude, how much will each firm produce? What would be each firm's prot?
Suppose Guatemala has extremely high tariffs and so is in autarky. Draw a partial equilibrium supply-demand diagram for computers in Guatemala. Label consumer surplus and producer surplus.
There is one scenario where the unemployment rate would probably be underestimated due to the discouraged worker effect. One where the rate would probably be underestimated due to underemployment.
q1. as this is a issues of involving selling prices of hamburgers also the quantity of hamburgers consumers which would
How does this alter the isocost and isoquant graph? d.Given these forecasts, where should you expand production?
The inverse demand curve for widgets is P = 130−2Q. There are two firms, A and B, who produce widgets. Each firm has a constant marginal and average cost of producing the good that equals 10. Write down the profit function of each firm. Suppose there..
The market demand for a gallon of ice-cream is P = 10 - .05Q. The producer wants to produce where the elasticity of demand is unity. What price should they charge and what quantity should be sold to achieve this goal?
Consider a two period endowment economy with government. Suppose the government can impose lumpsum taxes and issue public debt. De?ne a sequential competitive equilibrium for this economy. De?ne a Arrow Debreu competitive equilibrium for this economy..
DQ #1: What would be a situation in your personal or professional life in which you use or could use marginal analysis to make a decision? How do you determine the marginal benefit and marginal cost of the decision?
What are the characteristics of a manufacturing process? How are manufacturing processes organized and evaluated?
How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years?
onsider a 3*3 matrix in which each entry is either 0; 1 or -1. Add up the sum of the three entries in each row, column and diagonal and form a list of the sums. Give an explicit example of such a matrix and the corresponding list. Choose 16 distinct ..
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