Identify the steady states for the capital stock
Identify the steady states for the capital stock (if there are any), and calculate whether the steady states are stable. Explain what will happen to capital in the long run depending on the starting point.
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A single firm monopolizes the entire market for some product which can be formed at a cost of c (Q) = Q^2 The firm faces a market demand curve given by Q = 60 ? 0.5p.
Discuss how did this evolution affect early economic development? One of the characteristics of early society was its mobility. Eventually, the human beings became more sedentary.
Assume instead that Apple colludes with the Verizon and they jointly set a monopoly price for the iPhone-plus-data-plan. Discuss what price do they set for the package?
Assume that there are two movies scheduled to come out on the same weekend this summer from two different movie studios. The movies are "Iron Man 9" and "The Hobbit 7".
Identify the dominant firm's residual demand curve for prices among the P1 and P2. Add this residual demand curve to the diagram.
By showing the behavior of both a dominant and a monopoly firm in the same graph, demonstrate that monopoly profits are greater than the profit of a dominant firm in the no-entry equilibrium.
The US department of labor posted the 2013 average salary for grade 15 civilian employees who work for the federal government as $77,503. Assume annual salaries are normally distributed with standard deviation 6,550.
Assume you have $400 to spend on either Baseballs (B) or the Baseball Gloves (G). Gloves cost $25 each or Baseballs cost $8 each.
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