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Derive the best response function for each firm. Do these indicate that prices are strategic substitutions or strategic complements?
Show and explain what happens to real interest rates and real domestic investment in the market for loanable funds if there is a decrease in capital inflow from abroad.
What are the basic steps in solving for a Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers?
Determine Consolidated's total profit function. what are the profit-maximizing price and output levels? What is Consolidated's total profit under this condition?
Graphically depict the deadweight loss caused by a monopoly. How is this similar to the deadweight loss from taxation?
What does this ERP value calculated in part d imply for the tariff structure of mobile phones? Would you expect to see tariff escalation take place? Briefly explain.
If the domestic market is perfectly competitive, find the equilibrium price and quantity of rice. Compute the triangular areas of consumer surplus and produces surplus.
Assume that C1 is on the horizontal axis and C2 is on the vertical axis. What is the present value of the total consumption available? What is the market interest rate?
By how much does the price rise after trade is restricted by the quota? What are the quantity supplied, quantity demanded and amount imported with the quota?
If South Africa's exports to the USA increases, how will the value of the rand? how will a depreciation of rand influence our exports and imports.
With the help of AD and AS, show a recessionary gap. What kind of government policy would you recommend to deal with that problem? Explain. Can non-diacretionary fiscal policy remove a recessionary
In the long run purely competitive firms will A. Only make a normal profit, as economic profits will attract new firms, which will increase industry supply and decrease the price below levels.
Suppose the total banking system has $60 million in deposits, a required reserve ratio of 20 percent, and total bank reserves for the whole system of $90 million. Then the potential deposit creation
"To counter-act the effect of austerity measures (run by the government) on output in the short run, the central bank should run expansionary monetary policy. "
If it is interpreted to mean average variable cost, is the statement correct? If it is interpreted to mean marginal cost, is the statement correct?
Why do you think politicians in Indonesia tried to block Cemex's attempt to gain majority control over Semen Gresik? Do you think Indonesia's best interests were served by limiting Cemex's FDI in t
Assume the world price of hats is $30. If this country opens its market to free trade, what are the quantity supplied, the quantity demanded and the quantity of imports? Show all your calculations.
The required reserve ratio is 0.15, and there are no excessive reserves in the system. If the required reserve ratio is changed to 0.10, then the amount of excessive reserves would be?
Cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the economy operating relative to its potential GDP?
That is, they can choose any quantity to produce, and they make their quantity choices simultaneously. what is the cournot outcome? What are profits for each firm?
To what level of output would the incumbent firm have to commit in order to deter the foreign firm from entering the market? What is the incumbent firm's profit?
The U.S. government reported in July 2004 that there were 75.6 million people not in the labor force; 147.9 million in the civilian labor force, and 139.7 million employed. Based on these numbers,
What was the growth rate of nominal GDP between 1999 and 2000(growth rate is the % change from one period to the next). what was the growth rate of the GDP deflator between 1999 and 2000?
he project's beta is 1.8. Assuming that rf = 8% and E(rM) = 16%, what is the net present value of the project? What is the highest possible beta estimate for the project before its NPV becomes nega
The manager responded that a newspaper ad is just an invitation to negotiate and that the store decided to withdraw "the mink coat promation." Review the text on unilateral contracts and decide.