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If the price of gasoline is $4.00 per gallon and the price elasticity of demand is 0.4, how much will a 10 percent reduction in quantitity on teh market increase the price? will total spending on ga
For each of the following cases, what is 1) the symmetric demand function, and 2) the symmetric equilibrium price? maximum differentiation: firms locate at 0 and 1.
What is total profit if you use third-degree price discrimination? Under what condition is the optimal p1 under third-degree price discrimination greater than p2? (in terms of the parameters of the
Derive each firm's best response function. Are the two firms' actions strategic complements or substitutes? Find the Bertrand equilibrium, and the equilibrium profit of each firm.
However, if any firm should deviate from the agreement then they will revert to the Nash equilibrium forever. if firms collude, what is the profit of each firm?
derive each firm's best response runction. find the cournot equilibrium. what is the profit of each firm under the Cournot equilibrium?
Discuss the policies that Keynes and Hayek advocated regarding how the federal government should manage the economy. What are the major differences between each school of thought.
What determines the capital-labor ratio for each good in each country? Why might both industries use a higher capital-labor ratio in one country than in another?
Within the context of the following discuss the following: Is the US solar industry an "infant industry" that requires protection from Chinese government subsidies?
The impact on output and price level [increase or decrease]) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario.
What is the Benefit/Cost ratio of this turbine in the year 2020)? (Express your answer to two decimal places of accuracy.) Benefit/Cost ratio = ?
Lower-productivity workers $150,000. What value of X will cause higher-productivity workers to go to college and lower-productivity workers to not go to college?
if firms collude, what is the profit of each firm? what condition must the discount factor satisfy for collusion toe be sustained if the firms compete in prices?
For each of the following cases, what is 1) the symmetric demand function, and 2) the symmetric equilibrium price? maximum differentiation: firms locate at 0 and 1
Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market.
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q2. What price should you charge in the short-run?
If Twinkies cost $.10 each and soda cost $.25 per cup, how should Matt spend the $1 his mother gives him in order to maximize his utility?
What is the relationship between states that have stricter gun control laws and the crime rate? project needs to contain at minimum the following items.
In the long run, what would you expect to happen to the price of steel in the U.S. and Germany? What would be the price differential?
Consider the following IS/LM model for a closed economy. Derive the IS equation. Solve for equilibrium value of consumption and investment.
A 10 percent coupon interest rate is paid semiannually, and the par value is equal to $1,000. What is the YTM (stated on a simple, or annual, basis) if the bonds mature 10 years from today?
Show how the limited commitment problem puts a limit on how much the government can spend in the current and future periods. Draw the consumer's lifetime budget constraint.
The cross-price elasticity of demand between your good and a related good is 2.0. What can you determine about consumer demand for your product from this information?
The company estimates its total cost function to be TC= 4Q. Calculate Quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets.
At present, the price of Z is $500, PX is $600, advertising expenditures are $10,000, and average per capita income is $40,000. Which of the variables above is NOT statistically significant at the 0.0