Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
1) Find equilibrium income. 2) What is the multiplier for consumption spending for this economy?
Assignment: Reasons why monopolists do not exhibit resource allocative efficiency. Why monopolists cannot obtain any price they wish. Deadweight losses when a firm produces at Q = MC. Social costs o
a. What is the monopolist's marginal revenue curve? b. What is the monopolist's profit maximizing quantity of production? What is the optimal price for him to charge? Assuming the monopolist has no
How does the equilibrium change if a price floor of $12 is put in place? Calculate deadweight loss from this price floor.
What are the pure strategy Nash Equilibria of this game? Do they help you at all in predicting the result of the game?
Question 1. In a one-shot interaction, what is the Cournot quantity for each firm? Question 2. What is the profit level associated with the Cournot quantity for each firm?
Problem: Critically discuss that there is no satisfying theory that explains the behaviour of firms in oligopoly markets.
A. How many DVDs could be sold at a $20 price? B. Calculate the point price elasticity of demand at a price of $20.
We can now figure out the marginal revenue functions for this demand curve. (Since the demand curve is kinked it will have two marginal revenue functions.)
Calculate the new equilibrium values of private saving, government saving, and total saving.
Question: In perfectly competitive market a firm typically has short run average total cost curve and marginal cost curve of:
Suppose, a new dry-cleaner was to enter the market, and explain what would happen to the price, average cost, output, and profit of a typical dry-cleaner. Eventually, what is the long run equilibriu
Write down the profit expression as function of chosen prices and derive the best response. Find the equilibrium prices and profits.
A. Calculate bad Bing's Optimal Output and profits if chip prices are stable at $60 each B. Calculate Bada Bings' Optimal output and profits if chip prices fall to $30. each
1. Compute and present graphically the equilibrium price and quantity of oranges.
Problem: Please give your answers in writing and with use of relevant diagrams and indicate what will happen to the price and the quantity of equilibrium sales under each circumstance.
Suppose these consumers live in Cuba and get a ration of 50 units of Q each month. What is the marginal willingness to pay at this level of consumption for each consumer? What is the total benefit e
Suppose that the price of sugar increases causing a 20% reduction in the supply of celebrity lollipops. What information would you need to compute the effect of the reduction in supply on the equili
1. Calculate the equilibrium level of income or real GDP for this economy. 2. What happens to equilibrium Y if Ig changes to 10? What does this outcome reveal about the size of the multiplier?
Assuming that the aggregate price level is constant, the interest rate is fixed, and there are no taxes on foreign trade, how much will the aggregate demand curve shift and in what direction if the
Question 1. Describe how the concept of scarcity affects the aggregate supply curve. Question 2. Suppose the government mandates that all companies over 50 employees must provide an increased level
Concerning the economy's adjustment process, use the AD/AS model to: Question 1: Show the short-run effects of an increase in desired saving(assuming that the economy is initially in a long-run equi
How does deflation further accelerate recessionary spirals and become the worst possible nightmare, and why are government deficits the best response?
What is the growth rate of multifactor productivity if b = 0.20, k = 3, n = 1, and y = 4
Problem: The distribution of income in the US should be more equal. Comment.