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If the price of corn rose,
a. what would be the effect on the supply of corn?
b. what would be the effect on the supply of wheat?
Determine the price at time zero, denoted V0P, of the American put that expires at time three and has intrinsic value gP(s) = (4 - s)+
what is the break even price What is the shut-down price What if cable was currently $70.00 and was lowered to $40.0, how large is the price effect How large would be the quantity effect be What is the profit maximizing qunatity and price for cabl..
What are collusive profits? Bertrand profits? (f) What is the optimal defection from the collusive agreement?
PC Connection and CDW are two online retailers that compete in an internet market for digital cameras. While the products they sell are similar, the firms attempt to differentiate themselves through their service policies.
Suppose a firm's short-run total product schedule is given in the table below. It sells its output in a competitive market for $1.50 per unit. Labor Total Product Marginal Product Marginal Revenue Product 0 0 1 8 2 18 3 29 4 39 5 47 6 52 7 53 8 53
Some Japanese electronics companies claim that Chinese-produced TVs are destroying Japan domestic TV manufacturing capability and that the trade is unfair because Chinese wage rates are under a tenth of those paid in Japan. What would be your advi..
The consumer's utility function is U(x, y) = 3x + 2y. Let Px = 2, I = 12. (a) If price Py is too high, the consumer will not want to purchase any y. Find the lowest price Py at which the consumer ceases to purchase y.
Can you detect a trend upward or downward in inventory levels? What does the trend bode for national output according to the aggregate expenditure model?
If the newer equipment is purchased, it will have end-of-year O&M costs of $8,000 and a salvage value of $20,000 at that time. If the old equipment is retained, it will have to be supplemented in years 3, 4, and 5 by leasing a hi-def add-on unit c..
how much would the quantity of labor supplied increase among people in the top U.S. tax bracket if the highest marginal tax rate in the United States (39.6%)were reduced to the level of Hong Kong (15%)?
Evaluate the following statement: In the short run, if an economy experiences inflation of 10 percent, the cause of the inflation is unimportant. Whatever the cause, the only important issue the government needs to be concerned with is the 10 perc..
Develop a plot of your regression model and the results, as predicted by the semidetached mode, using basic COCOMO (constructive cost model). Can you develop a CER using basic COCOMO?
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