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Suppose that First is a Stackelberg leader. Derive Next's reaction function and then find the Stackelberg equilibrium quantities, the market price, and the profits of the firms. Show all work.
For example, what are some of the things that you could do to increase demand? As it can be presumed that most businesses would want to do.
Suppose that a firm's fixed costs increase. How would that affect its average total cost curve? Its average variable cost curve? Its marginal cost curve?
Is there any relationship between the elasticity of demand for a good (measured at the prevailing price) and the consumer surplus that buyers enjoy? If so, what is that relationship?
Just based on general information you possess, do you think the demand for computers is likely to be elastic or inelastic? How about the demand for new homes? The demand for six-packs of Seven-Up?
Produce more of the things we want from the same (or fewer) resources. What technological improvement created a productivity boom by putting the electric motor to a novel use?
Explain the washington consensus. your discussion should include the following issues: a brief description of the historical context in which the washington consensus arose.
Analyze and explain in detail using graphical tools to show what you expect to happen to the number of firms and firm profitability in the short run and long run a) if demand for the product falls a
Explain why purchasing power parity measures of income levels tend to show a smaller difference between poor and rich countries
Explain the major risks involved in subcontractor contracts and determine which of the risks involved holds the most risk to the subcontractor. Support your response with evidence or examples. No p
Why should you ever put yourself into a position where your friends decision will carry the day, whether you agree with her or not?
Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with the rich ones
Explain: (a) In what way the U.S trucking industry exemplified the capture theory hypothesis of government regulation prior to the. ... the capture theory hypothesis of government regulation prior t
What do you think causes changes in each of the expenditure (spending) components of GDP thereby causing changes in our economy's output, employment, and income levels?
Suppose the U.S. government implements a policy that achieves the savings rate needed to achieve the golden-rule level of capital. Using impulse response graphs.
Write out the formula for the Price Elasticity of Demand. Now, given the following market demand schedule, calculate the Price Elasticity of Demand using the midpoint method, for both gaps,
What impact does the dollar appreciation have on the firm's international competitiveness?
A body of water can safely recycle, and sell these limited rights to polluters. From an economist's perspective, what would be the advantage of such a market for pollution rights?
What is the effect of government intervention in the cell phone market? Make sure that you use graphs to illustrate your point. Is this a good thing for consumers?
What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements?
Draw a graph which shows the equilibrium price of cell phones. Explain what the graph is showing. When the new manufacturer introduces the Robo cell phone to the market,
What is the economic rationale behind a patent? Why may the effective patent life of a drug be shorter than the legal life?
Explain what happens to the price and quantity supplied and how it reflects on a graph if the following occurs: It becomes more expensive to produce cell phones.
in seeking to explain what determines GDP, monetarists focus on the money supplly while keynesians focus on the spending components of total planned expenditures.
Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs: What happens to the supply of cell phones if the market price goes up?