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Using knowledge of price elasticity of demand, what might be the reasoning behind the decsision by midland expressway ltd to run a trial discount period for Heavy Goods Vehicles?
Player chooses the value 2 if both players choose 2 in all previous periods; otherwise, she chooses the value 3. Derive conditions which ensure that this is a subgame perfect nash equilibrium.
Suppose you have the following values for a short-run production process: Q = 20, VC = 100, FC = 600 and MC = 40. Given this, we know that the?
Then construct a grim-trigger strategy that results in those actions being implemented, and derive conditions for that strategy to be a symmetric subgame perfect Nash equilibrium.
Is Bob & Jane's economic profit different from their accounting profit? If so, how much economic profit did they earn during this first year of operation?
Describe the four phases of Lucent Technologies' program management organizational life cycle. The author states that "nearly any organization can evolve through the four phases.
Draw the individual demand curve for arcade games. Use the information given to calculate Joe's elasticity of demand for arcade games between $0.25 and $0.50, and between $0.50 and $0.75.
Consider the general equilibrium model on local public goods. where f '(N) is the marginal product of the last person who immigrates. Briefly explain the intuition behind this equation.
The firm's cost of capital is 12%. Compute the internal rate of return and the net present value. Should the firm accept or reject the project?.
what are some other factors that might influence the economic status of such countries? What measures could be taken to improve these situations?
Prepare a report for the management team of the doctor's group on your proposed $100 expenditure plan reflecting on the key course objectives including the financial.
Explain, both theoretically and in reality, what the drivers of differences in price plans are. For instance, are there different numbers of competitors in different market segments.
Some law makers in the U.S. suggested to put cap on malpractice lawsuit compensation. In your opinion, will a ceiling on malpractice compensation help to reduce the medical costs?
Whether the number of condoms sold in the U.S. is more or less than the optimal number, and (2) how the government might correct the externality.
Will a progressive medical tax scheme (i.e. people with higher income face a higher Medicare tax rate) benefit the U.S. Medicare system?
Suppose Nigeria has 20 million workers and 16 million units of capital, while Botswana has 5 million workers and 3.5 million units of capital. Which of the following statements is true with respect
What are the short-run equilibrium values for Y, r, C, I, private saving, public saving, and national savings. What is the government spending multiplier when G increased by 200? That is, what is delt
For each of the following, draw a diagram to show how the curve or curves should shift in the IS-LM model of a closed economy with fixed prices.
Use the aggregate demand/aggregate supply model to illustrate graphically the impact in the short run and the long run of this supply shock. Prepare three "time graphs" to show the short-run and lon
Suppose the cooperative changes its pay plan by increasing the lump-sum payment to $280 and decreasing the hourls wage to $18.f Sabrina continues to work 40 hours per week, how does the change in the
Is there room for a mutually beneficial exhchange of one permit, if so which firm will buy a permit. Is the two firms spilt the difference, what's the price of a permit?
The employment multiplier is 2.5. Suppose the demand for export labor increases by 10,000 jobs. Predict the new equilibrium values for the wage and total employment. Illustrate your answer with a gr
Explain why a large city will have urbanization economies, localization economics and a very large local industry, while a smaller city will only have localization economics and a smaller local ind
Suppose pump sneakers are introduced decreasing walking time per round-trip mile from 1/12 to 1/21 hours. Depict graphically the effects of the new sneakers on the market area of the single factory.
List all of the possible outcomes under each of the strategies. b. What is the expected number of delivered (unbroken) eggs under eachstrategy?