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1what are the potential costs and benefits of mergers to a shareholders b managers c
1why is it difficult to test the assumption that firms seek to maximize long run
a utility maximization means that a consumer chooses in such a way that she gets as much utility as possible she does
a the budget line corresponds to all baskets that cost the same as the consumers income the budget line therefore
awhat is a pareto improvementb what is pareto efficientc what is a zero-sum gamed there are three
if you throw a die you will get a number between 1 and 6 with equal probability what is the expected valuein figure
in figure e111 we have drawn a so called edgeworth-box it shows isoquants and quantities for the production of two
a what is an externalityb what is the difference between positive and negative externalities do both of these
a firm that produces pulp also emits smelly pollution the more pulp it produces the more pollution it emits the
a certain individual can choose between work and leisure she prefers leisure but if she works she receives a wage that
two individuals a and b who like each other have arranged a date they will meet either at a pop concert or at a techno
we have a firm that produces shoes there are many competitors in the market but through a series of aggressive
1 a popular model to analyze duopolies with is the cournot model a which are the assumptions behind the cournot
a explain the difference between monopoly duopoly and oligopolyb what does a kinked demand curve meanc what is a
one day you lose your wallet in it you had 500 and some valuables that others cannot use such as a few old photos it
for a game in the game theoretic sense we need to specify the players what else needs to be specifiedwhat is the
1 why do monopolies arise give a few examples of underlying structures that can generate a monopoly in a market2 a
1 a describe in a few sentences how to derive the markets short-run supply curve from the individual firms short-run mc
this is the second part of the last work you did help me withturning research questions into hypotheses the higher body
we will now study the choice of which quantity to produce for an individual firm in the short run draw a graph with
a what does perfect competition mean state a few of the underlying assumptionsb explain in words why the demand curve
in figure e41 we see the long-run average cost for the production of a good lraca in the short run capital is a fixed
a in the long run both labor l and capital k are variable costs show in a graph where you have the quantity of l on the
1 suppose the production of a certain quantity of a good has a certain cost can you think of a situation in which
in the short run the relation between number of hours worked and quantity produced looks like in the