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Describe why competitive markets usually lead profit maximizing firms to make choices about resource use that lead to "efficient" allocation of resources to market?
Are wireless telephone companies in US market conducting same practice of non-price competition? Describe our answer in both cases.
Is government exerting positive or negative impact on investment? What fiscal policy action increase investment and speed economic growth?
Distinguish between positive and negative feedback loops. Provide examples of each with regard to natural resource utilization.
What have we learned about sustainable use of resources and ability to maintain ability to produce into future? Reconsider discussion of political discussion in Dogs paper.
American currently sells brand name tires at wholesale price of $28.50 and private label tires for price of $17. Are the prices optimal for the firm?
Find out the "rule-of-thumb" price when monopolist has marginal cost of $25 and price elasticity of demand of -3.0.
Find out the output rate which maximizes profit or minimizes losses in short term. If input prices increase and cause cost functions to become.
Alex Fiani Corporation produces egg cartons which are sold to egg distributors. Find out optimal capital labor ratio that Acme must use in egg carton division.
Cost of producing 600 small fiberglass sailboats per year. Compute economies of scope in production of sailboats, sails, and fittings?
Find out the equilibrium price and sales. Find out the amount of shortage or surplus that would develop at P = $40/ton.
Respective quantities supplied would rise to 45,000 and 25,000. If these are only two firms supplying gadgets, find the elasticity of supply in market for gadgets?
Find the expected return for overall stock market? Round the answer to two decimal places. Find the required rate of return on a stock with beta of 0.6?
Two firms compete in emerging market for energy drinks/cold medicine hybrids which feature caffine. Find the best response function of firm 1.
Deduce profit maximizing number of seats to give on this route. How many seats do competitors give at this equilibrium quantity and price?
Given that there are five identical countries, each with TC(q) = 10q, deduce aggregate profit maximizing quantity for the cartel.
American Mining Company is interested in getting quick estimates of supply and demand curves for coal. Analyze linear supply and demand curves at current price and quantity.
Recognize the 10 largest electoral vote states. Create the table which classifies these states by geographic region.
American Mining Company is interested in obtaining quick estimates of supply and demand curves for coal. Find linear supply and demand curves at current price and quantity.
The market for gravel has been estimated to have the supply and demand relationships. Find out amount of shortage or surplus that would develop at P = $40/ton
The current price per barrel is $30 and short-run equilibrium quantity is 23.84 billion barrels per year. Deduce linear demand and supply equations.
What do you expect will occur to gold prices? How would the answer change if you learn that recent gold mine discovery will increase supply of gold?
Draw cheese market for United States showing world price as price for this market. How much cheese does U.S. import at world price?
Utilize Supply and Demand analysis to predict how the shocks will affect equilibrium price and quantity of computers. Is there adequate information to determine if market prices will rise or fall?
Diagram the demand and supply curves in price and quantity space. Find equilibrium price and quantity of hotel rooms on Manhattan Island?