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Market demand of Q= 40-4P is served by a decreasing costs industry consisting of many identical firms each with C= q^2-0.25nq+9. There is a per unit tax of t=2. What portion of the burden of the tax will consumers pay?
Suppose the local electrical utility, a legal monopoly based on economies of scale, was split into four firms of equal size.
Show that if owners of capital save all their income and workers consume all their income, the economy reaches the golden rule of capital accumulation. Explain the results.
Describe the market structure of your organization's industry. Determine how the market structure of the industry influences the issue.
What is meant when a monopoly firm is described as a price maker? How is a price maker different from a price taker? Is a monopoly ever a price taker?
1. Under what conditions may a tariff actually make a country better off? 2. In addition to the production and consumption side deadweight losses.
budget deficits are sometimes useful to spur consumption and thus encourage investment in business plant and equipment
Suppose real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate and How many years would it take for GDP (gross domestic product) to double (using your answer from part (a)?
The theory of comparative advantage may be applied to a country's output. Although natural resources within a country may often provide the best opportunity.
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units o..
1. suppose that you have been appointed as an environmental adviser to a government enquiry into shale gas fracking and
when asking about what is offered from each plan to help you decide would you not want to know how much each costs? if
What amounts of the inputs x, y and z should a firm use to maximize output if it faces the production function Q = 2x0.4y0.2z0.6 and it has a budget of £600.
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