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consider two firms facing the demand curve p 50 - 5q where q q1 q2 the rms cost functions are c1 q1 20 10q1 and
explain the meaning of a nash equilibrium when rms are competing with respect to price why is the equilibrium stable
consider a monopolistic firm that can produce any quantity of its product at a constant marginal cost equal to 20000
a monopolist faces the demand curve q 11 - p the monopolist has a constant average and marginal cost of 6 per unita
a monopolist faces the following demand curve p 120 - 02q the firms cost function is given by c 60q 25 000 assume
suppose the economys production function is y a300n ndash n2 the marginal product of labor is mpn a300 - 2n suppose
discuss in detail whether education should be publicly provided hint refer to its characteristics as public good
consider smoking in a classroom where students have the right to clean air what types of externality does smoking in a
the utility is given byux y xy ywhat are the demand functions for x and y describe how demand curves for x and y are
discuss the differences between unemployment and underemployment and give examples of each which do you think is a more
the united states currently imports all of its coffee the annual demand for coffee by us consumers is given by the
do some research on the internet to determine what fiscal policy initiatives the us government used to address the
what is the value of the monetary base given the value of deposits at all depository institutions equals 226583 billion
oil price shocksboth the long-run aggregate supply curve and the short-run aggregate supply curve shift in response to
following equations characterize demand and domestic supply for sugar in the usqd 29 73 - 019p and qs -7 95 66p in
the marginal cost of a monopolist is given by mc q 2 2q while market demand isq 10 - p a find the firms marginal
economists have explained why tax rebates have failed to boost consumption spending one reason for this failure is that
how should a monopsonist decide how much of a product to buy will it buy more or less than a competitive buyer explain
why is there a social cost to monopoly power if the gains to producers from monopoly power could be redistributed to
american rice producers have extremely high production costs due to some structural problems therefore if not supported
suppose the supply of labor is given by ls 10w where ls is the quantity of in millions of persons employed each year
consider a market characterized by the following demand and supply curves qd 1600 - 20p and qs - 900 30pa
the supply and demand curves are qs -800 15p and qd 3200 - 25pa solve for the market equilibriumb now suppose a tax
participate in a discussion with your classmates regarding the trade off between inflation and unemployment now that we