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question consider a two-persontwo-good exchange economy illustrated by a box diagram as in figure illustrate a
question let the excess demand function for good x take the form in the figure belowa illustrate equilibrium prices in
question explain how in a two-inputtwo-output economy the allocation of resources might be improved if the common
question in a two-goodtwo-factor economy with a fixed quantity of factors what happens to the transformation curve
question in a perfectly competitive economy there are two individuals a and b and two goods x and y each in fixed
question using a two-persontwo-good exchange model show with diagrams thata the competitive equilibrium is pareto
question suppose technology is such that the labour-managed firm in the short run faces an average earnings curve which
question suppose that a duopolist holds the following beliefs about the behaviour of a rivala if the duopolist makes
question a market has an inverse demand function defined byp 200 - 05xtwo firms exist in this market that have
question there are two identical firms in an industry 1 and 2 each with cost function ci 10xi i 12 the industry
question lsquothe common characteristic of the cournot model is that it assumes a common pattern of reaction by
question cournot duopolists face the inverse demand function p 200 - 05x where p is selling price and x is the total
question the following payoff matrix defines a lsquohawk-dove game it is commonly used in biology to analyse the
question 1 discuss the assertion that input demand of the firm is merely the mirror image of output supply2 lsquoin
questionnbspa firm uses 8 units of labour and 24 units of capital to produce 24 units of output if there are constant
question what will be the effect on the following of fixing a minimum wage above the market equilibrium levela
question a firm has the following short-run production functionsemployment per
question suppose that the production function takes the form x min10l 5k and that a competitive firm faces a wage rate
question suppose that the weekly production function takes the form x 2l k with the firm facing a weekly wage rate of
question the firm faces a long-run production function for output per weekx 10l12k12and input prices of pound100 per
question with price measured in pound per thousand units and x being measured as thousands of units per week a
question a firm in perfect competition faces the following total cost functionc 250x - 20x2 2x3a what is the firms
question how will the imposition on firms of a fixed charge per annum for the privilege of operating affecta the price
question a law is passed fixing below the level currently prevailing the maximum price that can be charged by a
question with price measured in pound per thousand units and x being measured in thousands of units per week consider a