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Determine the Profit-Maximizing Price If a firm targets a 25 % rate of return on sales, and has unit costs of production of $100, what price should it charge if it uses cost-p
what is the significance of the Loucas critique in political economy?
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
explain how a perfact market responds to changes in consumer demand?
Consumer Choice * Decision making & Public Policy - Selecting from a non matching and matching grant to fund police expenditures
#questASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
What is Nancy’s lifetime income as a function of her level of schooling, S? 2. What is Nancy’s lifetime income if she gets no schooling? What is it if she goes to school for all 60
In 1939 the U.S. economy was operating where in the production possibility curve?
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