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Would you recommend that Ben and Jerry's move forward with a plan to raise prices if the company's only goal is to increase revenues?
together their output choices comprise the Nash equilibrium, with neither firm being under an inclination to alter their Q choice. How much will be the consumer surplus generated in this market?
the other firm would choose, and together their output choices comprise the Nash equilibrium, with neither firm being under an inclination to alter their Q choice. What price will consumers pay per
Illustrate using demand and supply diagrams the (short-term) effects of this price fall on the market price and amount sold in both the non-branded milk and branded milk markets.
Advocate either buying imports or buying domestically for retailing the item. Comment on another student's posting.
As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions: What two policies could you use to reduce the tota
Each of their choices, though, serves as their respective "no regret" choice of output given what they thought the other firm would (or did) choose. What price will consumers pay per new automobile?
then the shares of the project going to firms 1 and 2 are s1 and s2, respectively, where. Calculate the Nash equilibrium contributions for each firm if they make contributions simultaneously.
Describe an export subsidy, and explain the gains and losses that might arise from such practice. Why are developing countries in Africa especially affected by export subsidies in industrial countries
In 2003 to 2004, the Canadian dollar appreciated against the US dollar. Explain the effects of this appreciation on each of the following.
What evidence does GI present to support the view that Canada had entered a recession? Under what circumstances might the inflation rate not decrease during 2009?
What is the opportunity cost of 1 unit of wheat in Canada? Show your work. Which country has a comparative advantage in producing steel? Explain why.
Demand of sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. How would you price these to events differently?
Compare and contrast the four market models in terms of the profit-maximizing output level for each, the shut-down rule for each, the probability of long-run economic profits.
when customers were allowed to build their portfolio of financial services around their needs and Schwab delivers it to their specifications. Which segmentation strategy would you recommend?
You believe that there is a 60 percent chance the market price will be $100.00 and a 40 percent chance it will be $200. What output should you produce in order to maximize expected profits?
For each of the following scenarios, determine whether the decision maker is risk neutral, risk averse, or risk loving.
What is the difference between the Federal Funds rate and the Discount Rate? Are there any threats associated with such a low (0-.25) Federal Funds rate?
There were some law makers seeking to empower judges to rewrite mortgage contracts. How would this type of government intervention impact future mortgages?
When a consumer's marginal rate of substitution between bread and wine is equal to the ratio of prices for bread and wine, then all of the following are true?
Why do you think firm 1's marginal cost is lower than firm 2's marginal cost? Determine the current profits of the two firms.
What is the present value of the monopolist's current and future earnings if entry occurs? If the monopolist can earn $8 million indefinitely by limit pricing, should it do so? Explain.
This provision is known as "guaranteed issue" and is a controversial topic in the insurance industry. Explain why this is controversial legislation.
Why might a local resident be willing to pay more for an apartment complex in your hometown than might an investor from out-of-the-country who would use it for exactly the same purpose - housing te
What are the marginal costs and benefits of pursuing additional education and the inherent risks associated with this decision.