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Now suppose that it is feasible for firm A to delay its R&d decision until after the results of B's R&D effort (success or failure) is known. is it advantageous for firm A to have this secon
The legal cost of pursuing a settlement (wether or not one is reached) is $50,000 determine the settlement or litigation strategy that minimizes firm A's expected total cost.
Banks still want to hold the same percentage of excess reserves, and banks dont change their holdings of Treasury bonds? How much does the money supply change by?
Assume that the currency-deposit ratio is 32%, the required reserve ratio is 7%, the excess reserve ratio is 1%, and total money supply is $1,320 billion. What is the amount of highpowered money?
In contrast, it charged almost two times its costs for long distance services. What was the managerial economic rationale for this pricing?
When Bob consumes the bundle, (bb, gb), what is his MRS? What equation would you get if you equate the two MRS.
A decrease in taxes will do which of the following in the long run? During a recession, total public assistance payments and unemployment compensation payments automatically increase.
The equality-efficiency tradeoff best describes the: tradeoff between a lower benefit-reduction rate and a higher break-even level of income maintenance plans.
Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
Draw the monopolistically competitive firm's demand curve by plotting one point on the horizontal axis and a second point on the vertical axis.
Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory.
Do the values that you found confirm your expectations as to the different rates of return for the three types of investments?
Unemployment compensation payments automatically increase while income taxes automatically decrease. Which of the following best describes the effect of these changes on aggregate demand?
Suppose Beta believes the threat. In what way can Beta minimize the losses of such a price war other than by choosing not to enter the route to and from town A?
Dory's utility function is Ud(x,y) = x+7y. at a pareto optimal allocation in which both individuals consume some of each good, how much y does Char consume?
At the profit-maximizing level of output, the marginal product of the last worker hired is 30 boxes of pencils per day. Calculate the price of a box of pencils.
Most monetarists would say that: the MV = PQ equation provides a better understanding of the macroeconomy than does the C + Ig + Xn + G = GDP equation.
Conisider that the unit is sold via second-price auction in which ties are broken by a coin flip. Write down the payoff matrix. What is the dominant-strategy equilibrium of this auction game?
In the face of this change, what change in the money supply would have been necessary? what would have happened to the aggregate demand and aggregate output?"
If the demand curve is Q(p) = 20-2p and the marginal cost is constant at 8, what is the profit maximizing monopoly price and output? What is the price elasticity and output?
If the market for basketballs is perfectly competitive, and the average income is equal to $ 1,500, what are the equilibrium price and quantity? What if a 20% income tax is introduced?
Assume that the average volume of the independent variables are N=225 million, I= $12,000. Find the equation of the new demand curve for Chevrolets?
If the interest rate is 8%, what is the expected economic life for this water pump and what is the minimum annual equivalent cost, AE(i)?
Find out: equilibrium quantity (Q*), equilibrium price (P*), total revenue ©, average revenue (AR), marginal revenue (MR), total cost. Illustrate graphically the equilibrium of such a monopolist
What is the minimum price per Kg. at or below which producer will not be ready to supply any quantity? Explain your answer.