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Suppose that the demand equations for men and women for a particular good is as follows: Pw = 6 - (1/8000)Qw and Pm = 10 - (1/8000)Qm. If total quantity of good available is 56000, what price should men and women be charged?
Suppose that the inverse demand for shale gas is given by p = 400 - 2q. The private marginal cost of producing shale gas is PMC = 100 + q. Suppose that in order to produce shale gas at the PMC given above, the oil and gas (O&G) companies (that pro..
1. graph the information for consumption(C) and the consumption and investment(C-I) schedule. 2. Graph the saving and investment schedules. Show the equilibrium point. What is the income,savings, and investment at equilibrium
A monopolist sells Product A and Product B. A unit of Product A costs 5 dollars to procure while a unit for Product B costs 10 dollars to procure. Let PA be the selling price of Product A and PB be the selling price of Product B.
What makes this attempt problematic? Is it more productive or counterproductive to seek unity between religions by inventing a new religion? Make sure you use enough detail to support your answer
Assume that the marginal cost to grocery of selling a bottle of salad dressing to customers who use coupons versus those who don't is identical and equal to $1.50. If the elasticity of demand for coupon users is 5 versus 1.25
The crockett Land Winery must replace its present grape-pressing equipment. The two alternatives are the quick-skwish and the stomp-master. the annual operating costs increase by 12% each year as teh machines age.
1. for the each of the following functions 1 find a function for an indifference curve that delivers uu? units of total
Given the government policy, how much will be sold on the private market, that is, how much will consumers buy without government purchases How much sugar will government purchase. Suppose the government gives a guaranteed minimum price for sugar o..
An incumbent in an industry faces the possibility of entry by a challenger. First the challenger chooses whether or not to enter. If it does not enter, neither firm has any further action; the incumbent's payoff is TM (it obtains the profit M in e..
Question: Is it always necessary for government to intervene and internalize the profit and the cost externalities? Illustrate your answer using a real world example.
Fit a cubic smooth spline to the relative change in spinal BMD, as a function of age. Use cross-validation to estimate the optimal amount of smoothing. Construct pointwise 90% confidence bands for the underlying function.
Give a numerical example to show that a monopolist's marginal revenue can be upward sloping over part of its range. Hint: The price on the demand curve is the producer's average revenue. Think of a graphic that shows the possibility of declining a..
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