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Suppose that the only two firms in an industry face the market(inverse) demand curve P = 130 -Q. Each has constant marginal cost equal to 10and no fixed costs. Initially the two firms compete as Cournot rivals and each produces an output of 40.
Why might these firms want to merge to form a monopoly?
What reason would antitrust authorities have for opposing the merger? (Calculate price, profits, and total surplus before and after the merger.)
New classical economists believe that it is possible under certain circumstances for an increase in the money supply to lead to a decrease in real GDP in the short run.
What would be reasons a worker's wages might be above the level that balances supply and demand?
As the price of tickets rises from $200 to $250, the price elasticity of demand for business travelers is , and the price elasticity of demand for vacationers is using the midpoint method. Therefore, the demand for airline tickets at this price range..
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. Only producer of this product your production costs would be C(Q) = 40Q. What is the actual Lerner Index?
q1. americans already enjoy living standards that far exceed worlds average. should we even try to produce more do we
Do you agree that seeking alternate states of consciousness is "natural" and world-wide? What forms of ASCs are approved or disapproved of in our culture? How does this vary cross-culturally?
In July of 2012, Taylor purchased 1,700 shares of XYZ common stock for $75,000. He then sold 1,000 shares of XYZ in July of 2013 for $37 per share. The remaining 700 shares were finally sold for $75.71 per share in July 2014.
Average visits per week equal 640 when the copy is $40 and equal 360 when the copayment is $60. Calculate the price elasticity using 360 and $60 as the denominators for percentage change calculations.
What is it about the AHCA that would lead to more uninsured people?
the case study of the fisher-price toys inc. a popular case in basic economics and management from the prestigious
Supply is given by the equation P=10+0.05Q. Demand is given by the equation P=600-0.05Q. Calculate the price and quantity at which the price elasticity of demand is equal to -1. How might you describe that point?
You are probably much more likely to see student discounts on haircuts or movie tickets than on DVDs or electronics.
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