Economics

Consider a market with two firms, Hewlett-Packard (HP) and Dell, that sell print

Consider a market with two firms, Hewlett-Packard (HP) and Dell, that sell printers. Both companies must choose whether to charge a high price ($450) or a low price ($300) for the…

Consider a market with two firms, Target and Wal-Mart, that sell CDs in their mu

Consider a market with two firms, Target and Wal-Mart, that sell CDs in their music department. Both stores must choose whether to charge a high price ($25) or a low price ($17) f…

Consider a market with two firms, Target and Wal-Mart, that sell cDs in their mu

Consider a market with two firms, Target and Wal-Mart, that sell cDs in their music department. Both stores must choose whether to charge a high price ($30) or a low price ($13) f…

Consider a market with two firms. HP and Dell that sell printers. Both companies

Consider a market with two firms. HP and Dell that sell printers. Both companies must chose whether to charge a high price ($400) or a low price ($300) for their printers. These p…

Consider a market with two horizontally differentiated firms, X and Y. Each has

Consider a market with two horizontally differentiated firms, X and Y. Each has a constant marginal cost of $ 20. Characterize attributes of the Bertrand equilibrium in prices in …

Consider a minimum contribution game with three players. Each player is a selfis

Consider a minimum contribution game with three players. Each player is a selfish utility maximizer who cares only about his own income. Each player is endowed with 10 dollar bill…

Consider a model of market areas based on linear transportation costs and a unif

Consider a model of market areas based on linear transportation costs and a uniform population density. For example, consider a market where the price is 20, that each consumer bu…

Consider a model of money supply. Suppose that in 2008, monetary base B is $100

Consider a model of money supply. Suppose that in 2008, monetary base B is $100 billion, the reserve-deposit ratio rr is 0.005, and the currency-deposit ratio cr is 0.07. Calculat…

Consider a model of money supply. Suppose that in 2008, monetary base B is $100

Consider a model of money supply. Suppose that in 2008, monetary base B is $100 billion, the reserve-deposit ratio rr is 0.005, and the currency-deposit ratio cr is 0.07. (a) What…

Consider a model of two firms (Firm 1 and Firm 2) competing against each other a

Consider a model of two firms (Firm 1 and Firm 2) competing against each other and setting prices simultaneously. Suppose they have a choice of setting either P = $5 or P = $8. If…

Consider a model of two firms (Firm 1 and Firm 2)competing against each other an

Consider a model of two firms (Firm 1 and Firm 2)competing against each other and setting prices simultaneously. Suppose they have a choice of setting either P = $5 or P = $8. If …

Consider a model of two rms (Firm 1 and Firm 2) competing against each other and

Consider a model of two rms (Firm 1 and Firm 2) competing against each other and setting prices simultaneously. Suppose they have a choice of setting either P = $5 or P = $8. If b…

Consider a monocentric city where the cost of commuting is $20 per mile per mont

Consider a monocentric city where the cost of commuting is $20 per mile per month. A household located 5 miles from the city center lives in a 1,000 square foot house that costs i…

Consider a monocentric city where the cost of commuting is $20 per mile per mont

Consider a monocentric city where the cost of commuting is $20 per mile per month. A household located 5 miles from the city center lives in a 1,000 square foot house that costs i…

Consider a monopolist in a market with linear inverse demand p(q) = 4 minus q/2.

Consider a monopolist in a market with linear inverse demand p(q) = 4 minus q/2. The monopolist's cost function is c(q) = 2q. Write down the monopolist's profit function. Compute …

Consider a monopolist selling a single good. The monopolist faces a downward slo

Consider a monopolist selling a single good. The monopolist faces a downward sloping demand curve and a constant marginal cost (supply) curve (this assumption is made to make the …

Consider a monopolist selling to a demand curve given by p = 310 - Q. The monopo

Consider a monopolist selling to a demand curve given by p = 310 - Q. The monopolist faces constant average and marginal cost equal to $10. If the monopolist had perfect informati…

Consider a monopolist that faces inverse demand p(q) = 120 q. The monopolist has

Consider a monopolist that faces inverse demand p(q) = 120 q. The monopolist has the cost function C(q) = 40q. (a)Solve for the monopoly price and quantity. Suppose the government…

Consider a monopolist that produces a good at a constant marginal and average co

Consider a monopolist that produces a good at a constant marginal and average cost of 5$. The market demand is given by p=53-Q A) calculate the monopolists profit at the profit at…

Consider a monopolist that produces a good at a constant marginal and average co

Consider a monopolist that produces a good at a constant marginal and average cost of 5$. The market demand is given by p=53-Q A) suppose now that the demand for the monopolist is…

Consider a monopolist who face the following market demand curve: Q. 100 - 0.5 p

Consider a monopolist who face the following market demand curve: Q. 100 - 0.5 p, 0 lessthanorequalto p lessthanorequalto 200 = 0, p > 200. The monopolist's cost function is TC…

Consider a monopolist whose total cost function is TC = 20 + 5Q + 0.5Q2 and whos

Consider a monopolist whose total cost function is TC = 20 + 5Q + 0.5Q2 and whose marginal cost function is MC = 5 + Q. The demand function for the firm's good is P = 80 - 0.25Q. …

Consider a monopolistically competitive market with N firms. Each firm\'s busine

Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q^D = (100 / N-P Marginal Revenue…

Consider a monopolistically competitive market with N firms. Each firm\'s busine

Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q=100/N-P Marginal Revenue: MR=10…

Consider a monopolistically competitive market with N firms. Each firm\'s busine

Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q=100/N-P Marginal Revenue: MR=10…

Consider a monopolistically competitive market with N firms. Each firm\'s busine

Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q=100/N-P Marginal Revenue: MR=10…

Consider a monopolistically competitive market with N firms. Each firm\'s busine

Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q=100/N-P Marginal Revenue: MR=10…

Consider a monopolistically competitive market with N firms. Each firm\'s busine

Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q=100/N-P Marginal Revenue: MR=10…

Consider a monopoly producing a good with the following inverse demand curve: P

Consider a monopoly producing a good with the following inverse demand curve: P (q) = 20 - 2q Assume that marginal cost is MC = 4 + 4q (i) What is the optimal quantity for the mon…

Consider a monopoly that sells a good to two different consumer groups. Group 1

Consider a monopoly that sells a good to two different consumer groups. Group 1 consumers have individual demand given by q1 = 2p1. Group 2 consumers have individual demand given …

Consider a monopoly whose total cost function is TC = 20 + 10Q + 0.3Q2 and whose

Consider a monopoly whose total cost function is TC = 20 + 10Q + 0.3Q2 and whose marginal cost function is MC = 10 + 0.6Q. The demand function for the firms good is P = 120 - 0.2Q…

Consider a monopoly with a production function given by q = f(x) = x and a fixed

Consider a monopoly with a production function given by q = f(x) = x and a fixed cost of $1. The input price is $0.50. The monopolist sells her product in a market that has ten co…

Consider a nation in which the money supply grows at a rate of 3% per year. The

Consider a nation in which the money supply grows at a rate of 3% per year. The price level is constant at a value of 2; income velocity is increasing at a rate of 1.5% per year. …

Consider a nation with a low savings rate (on the basic Solow growth model graph

Consider a nation with a low savings rate (on the basic Solow growth model graph below). y=FIC) Le Le Note that in the steady-state equilibrium (at klor Yio. consumption per worke…

Consider a natural site that yields great pleasure to the visitors, but only doe

Consider a natural site that yields great pleasure to the visitors, but only does so if the area is not too crowded. To be more precise: As long as there are less than or equal to…

Consider a negative income tax in which an individual receives a cash benefit of

Consider a negative income tax in which an individual receives a cash benefit of B per month, and pays a marginal tax M on any income earned. If an individual’s income is Y, their…

Consider a non-stationary time series that follows a random walk drift Yt = beta

Consider a non-stationary time series that follows a random walk drift Yt = beta_o + beta_1 Yt-1 + ut| Then, The first difference of the time series will result in a stationary ti…

Consider a one-period macroeconomic model with the following features. The repre

Consider a one-period macroeconomic model with the following features. The representative consumer chooses consumption, C and leisure, l, and takes taxes, T, dividends, ?, the wag…

Consider a perfectly competitive industry in which the inverse demand is given b

Consider a perfectly competitive industry in which the inverse demand is given by p(y)=2001-2y and each firm has the following cost function: c(y)= In the long-run equilibrium, wh…

Consider a perfectly competitive industry in which the inverse demand is given b

Consider a perfectly competitive industry in which the inverse demand is given by p(y)=2001-2y and each firm has the following cost function:c(y)=(1/3)y^3+18 for y>0, c(y)=0 fo…

Consider a perfectly competitive industry with the following information Market

Consider a perfectly competitive industry with the following information Market demand - p=(Q/40) -30 There is an unknown number of firms with identical cost structure given by C=…

Consider a perfectly competitive industry with the following information Market

Consider a perfectly competitive industry with the following information Market demand - p=(Q/40) -30 There is an unknown number of firms with identical cost structure given by C=…

Consider a perfectly competitive industry with the following information Market

Consider a perfectly competitive industry with the following information Market demand - p=(Q/40) -30 There is an unknown number of firms with identical cost structure given by C=…

Consider a perfectly competitive industry with the following information Market

Consider a perfectly competitive industry with the following information Market demand - p=(Q/40) -30 There is an unknown number of firms with identical cost structure given by C=…

Consider a perfectly competitive market for a product X that is in its long run

Consider a perfectly competitive market for a product X that is in its long run equilibrium. Suppose that this is an inferior good, and that consumer's income increases and the in…

Consider a perfectly competitive market for shirts. The following graph shows th

Consider a perfectly competitive market for shirts. The following graph shows the daily cost curves of a firm operating in this market. PRICE AND COST (Dollars per shirtl 20 Profi…

Consider a perfectly competitive market for shirts. The following graph shows th

Consider a perfectly competitive market for shirts. The following graph shows the daily cost curves of a firm operating in this market In the Short run, at a market price of $ 18 …

Consider a perfectly competitive market for teddy bears. The following graph sho

Consider a perfectly competitive market for teddy bears. The following graph shows the daily cost curves of a firm operating in this market. In the short run, at a market price of…

Consider a perfectly competitive market for titanium. Assume that all firms in t

Consider a perfectly competitive market for titanium. Assume that all firms in the industry are identical and have the marginal cost (MC), average total cost (ATC), and average va…

Consider a perfectly competitive market in which each film\'s short-run total co

Consider a perfectly competitive market in which each film's short-run total cost function is C - 64 + 14q + q', where q is the number of units of output produced. The associated …