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In your opinion, which law represents state of consumer more? Demand law or supply law? Give reason for your answer
You are a chairman of a brand new company. The company has decided to expand internationally, and they want to buy a building in Spain.
The inverse demand function in a market is given by P = 15 - Q , where Q is the aggregate quantity produced, and P is price. The market has 3 identical firms with marginal and average costs of 3. The firms engage in Cournot competition. What quantity..
For profit-maximization, will you operate your taxi business today? What is the minimum daily revenue to keep operation in the short-run?
How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes?
How does a minimum price (floor price) affect the market? what would happen to product prices from an increase in tariffs on goods from China? Why was cultural competency and health literacy so important for healthcare providers in caring for the Pim..
Suppose an economic agent has a utility function U = Ln (R). Assume R is the return on investment and utility is the natural log of investment. If the investment is highly successful then the agent earns $10000. Derive the expected value of the inves..
Suppose that the firm Traveldrex gets a patent for a new type of travel mug that will never tip over. As a monopolist in the market for this new type of travel mug, Traveldrex faces market demand Q = 120 – 2p, where Q is in thousands of mugs and p is..
Suppose the government increases expenditures by ?100 billion and the marginal propensity to consume is 0.50. By how will equilibrium GDP? change?
Consider a two-firm industry. Firm 1 (the incumbent) chooses a level of output q1. Firm 2 (the potential entrant) observes q1 and then chooses its level of output q2. Find the subgame perfect equilibrium levels of q1 and q2 keeping in mind that firm ..
Discuss the importance of westward expansion since 1800.What were some of the key land acquisitions, and how was expansion carried out? What was federal policy towards Native Americans and Mexico, and how did it factor into expansion? Finally, what i..
Consider the following financial statement information for the Zamboni Icers Corporation:
How does the Fed via the banking system create money? Why does the loaning out process increase money supply? Discuss the round to round increase in the money stock from an open market purchase. What is the money multiplier? How does contraction work..
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