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large-scale wars typically bring a suspension of international trading and financial activities exchange rates lose
1 suppose russia inflation rate is 100 percent over one year but the inflation rate in switzerland is only 5 percent
in our discussion of short-run exchange rate overshooting we assumed that real output was given assume instead that an
between 1984 and 1985 the money supply in the united states increased to 6410 billion from 5703 billion while that of
suppose a monopolist is able to engage in perfect first-degree price discrimination in a market it can sell the first
apples ipod has been the portable mp3-player of choice among many gadget enthusiasts suppose that apple has a constant
consider an oligopoly in which firms choose quantities the inverse market demand curve is given by p 280 - 2x y
the market demand curve in a commodity chemical industry is given by q 600 - 3p where q is the quantity demanded per
consider a market in which the market demand curve is given by p 18 - x - y where x is firm 1s output and y is firm 2s
suppose that the market demand for cobalt is given by q 200 - p suppose that the industry consists of 10 firms each
consider the same setting as in the previous problem but now suppose that the industry consists of a dominant firm
an industry consists of two cournot firms selling a homogeneous product with a market demand curve given by p 100 - q1
a homogeneous products oligopoly consists of four firms each of which has a constant marginal cost mc 5 the market
in a homogeneous products duopoly each firm has a marginal cost curve mc 10qi i 1 2 the market demand curve is p
the market demand curve in the nickel industry in australia is given by qd 400 - 8p the industry is dominated by a
two firms alpha and bravo compete in the european chewing gum industry the products of the two firms are differentiated
1 why must the probabilities of the possible outcomes of a lottery add up to 12 what is the expected value of a lottery
1 suppose that a risk-averse decision maker faces a choice of two lotteries 1 and 2 the lotteries have the same
1 what is fair insurance why will a risk-averse consumer always be willing to buy full insurance that is fair2 what is
1 what is the winners curse why can the winners curse arise in a common-values auction but not in a private-values
consider a lottery with three possible outcomes a payoff of -10 a payoff of 0 and a payoff of 20 the probability of
suppose that you flip a coin if it comes up heads you win 10 if it comes up tails you lose 10a compute the expected
consider two lotteries the outcome of each lottery is the same 1 2 3 4 5 or 6 in the first lottery each outcome is
coca-cola and pepsi are competing in the brazilian soft-drink market each firm is deciding whether to follow an
1 what is the difference between a simultaneous move game and a sequential-move game2 what is a strategic move why must