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Explain why firms in perfectly competitive markets are price takers?
Why is the price equal to the marginal revenue under perfectly competitive market conditions?
What was Porter's score? Do not include units in your answer. For example, if you found that the score was 75 points, you would enter 75.
Why does Labour supply shift right and then left also? This is in Intertemporal Model with Investment
Foley’s advertising agency presents three social media options. For each of the social media options (Zwinktopia, Facebook, and YouTube) analyze the influence of these four different measures:
A consumer has income of $500. chips costs $2 , and burger costs $6. Draw his budget constraint (put burger on the horizontal axis). What is the slope of her budget constraint? Draw Consumer’s indifference curves for chips and burger if you love chip..
A firm uses two inputs, X and Y and its production function is Q = √(xy). Assume that the demand for the firm’s product is QD = 24 - 4P, where P is measured in dollars. Calculate the solution to the firm’s problem. What are its profit-maximizing pric..
The demand curve is Qd = 200 - ¼ P. Calculate the (point) price elasticity of demand when price is $24. Is demand elastic or inelastic?
Visit the website for J. Hilburn. In 5 sentences, what advice on pricing can you offer Hil Davis? And discuss in 5 sentences how Davis should implement.
Explain the role of stochastic differential equations in Finance. In particular address the aspect of numerical simulation in the context of pricing options.
You are also aware that sometimes when you and the other project members are slaving away over the project, she is playing golf with senior managers. Illustrate what is your evaluation of her behavior.
Suppose there is a decline in marginal costs for one member of a cartel. What impact will this have on the incentive of that firm to cheat on the cartel agreement? Explain.
Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. What is the particular form of money (M1, M2, etc.) that would be the smallest ..
Given that the demand function of the good Z; Assuming that Pz=10, Ps=40 and Y =950, what is the price elasticity of demand of good Z if Pz increases to $20? Assuming that Pz=10, Ps=40 and Y=950, what is the income elasticity when Y increases to $11..
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