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If managers at these two firms set their own output levels to maximize profit, assuming that managers at the other firm hold constant their output, what is the equilibrium price?
The nonrivalry-in-consumption characteristic, and exclusion of nonpayers is impossible. Are there any other goods that so perfectly meet both public goods criteria?
Determine CDW's inverse demand and marginal revenue functions. Over what range will changes in marginal cost have no effect on CDW's profit-maximizing level of output?
write down the amount of surplus to allocate to the union. The payoff structure to this one-shot bargaining game is listed in the above payoff matrix. Find the Nash equilibrium(ia) to this game.
At a discount rate of 4% what are the net benefits of this program? What are the net benefits at a discount rate of 2%? Comment on the difference.
Susan's time preference for money is associated with a per-period interest rate of 20%. Approximately what is Susan's PV of obtaining this degree?
One of the most challenging tasks for the airline manager is matching demand and supply (capacity). What characteristics of air travel demand make this so difficult?
Explain whether each firm buys or sells permits, and show by how much each firm's costs go up or down. What is the total effect of allowing trading across all firms on the cost of pollution abatemen
Compute the after-tax real percent interest rate (to two decimal places) for this investment. Assume the textbook's statement on the highest net capital gains tax rate.
What is the approximate Gini coefficient for the following income distribution? if Household percentile, Share of Income, Cumulative share of income are given.
Schooling costs a highly skilled worker y per year, while it costs a less-skilled worker 2y per year. What range of y will support a signaling equilibrium?
Introduce the company and define it's ethic issue. Review theoretical knowledge related to this ethic issue. You can briefly summarize them.
Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don't need to have exact answers but explain the direction of change in the demand and/or marginal cost curves. Pe
Compare the sum of consumer and producer surplus for the monopoly with the results for perfect competition. Which is better for consumers? Which is better for producers? Which is better for society?
Calculate consumer surplus as the sum of the difference between the price and the marginal utility for each pie. Calculate producer surplus as the sum of the difference between price and marginal co
Calculate and graph the marginal cost of each pie. Show your calculations! Why does the MC curve have the slope (up, down, or flat) that it does?
Make a list of things that would shift the long-run aggregate supply curve to the right. Why are net exports and net capital outflow always equal?
Prepare an evidenced argument to present to your local town council, which outlines an idea to offer healthy food options to your town.
Insurance tends to drive up health care costs by encouraging greater use of health care resources. Why has this occurred in the United States, but not in Canada or the United Kingdom?
Calculate the value of total internaional asset holdings (a.k.a. international reserves) of the central bank as of the end of 2005. Illustrate this situation on a central bank balance sheet diagram.
What do those rates suggest about the Federal Reserve Bank's policy goals today as opposed to their expected policy goals two years from today? What does that suggest about the expected path of the
Suppose this person wins the lottery in period 1 for $30 (this is equivalent to an increase in wealth). Prepare a second table showing income, consumption and saving in each of the 6 years of the pe
You want to smooth consumption such that consumption this year equals consumption next year (that is C1=C2.) Solve for consumption this year and next year. What is your saving (S)?
Calculate the total effect on the consumption of Y produced by this drop in the price of Y. Also, calculate the substitution effect and the income effect.
If a contractor decides to deviate from this agreement, what would the optimal deviation be? Suppose that M = 10 and C = 1. For which values of "delta" is this a subgame perfect equilibrium of the