Economics

Suppose two identical firms (Firm A and Firm B) are competing in a Nash-Cournot

Suppose two identical firms (Firm A and Firm B) are competing in a Nash-Cournot oligopoly. Now suppose that one of the firms, Firm A, develops a strategy and practice that allows …

Suppose two identical firms produce homogeneous products and that they are the o

Suppose two identical firms produce homogeneous products and that they are the only firm in the market. Let the two firms face identical cost functions, c(y) = 10y + 0.5y2. Assume…

Suppose two individuals (Smith and Jones) each have 10 hours of labor to devote

Suppose two individuals (Smith and Jones) each have 10 hours of labor to devote to producing either ice cream (x) or chicken soup (y). Smithâ€™s utility function is given by Us= x…

Suppose two investments have the same three payoffs but the probability associat

Suppose two investments have the same three payoffs but the probability associated with each payoff differs, as illustrated in the table below: Payoff Probability (Investment A) P…

Suppose two out for coffee and donuts at the local donut store. The first donut

Suppose two out for coffee and donuts at the local donut store. The first donut you eat tastes incredibly good. The second one also tastes pretty good. The third donut seems just …

Suppose two people, Mary and John each live in an isolated region. They each hav

Suppose two people, Mary and John each live in an isolated region. They each have the same resources availabe and they grow corn and raise pigs. Mary devotes all her resources to …

Suppose two people, Michelle and James each live alone in an isolated region. Bo

Suppose two people, Michelle and James each live alone in an isolated region. Both have the same resources available, and the grow potatoes, and raise chickens. If Michelle devote…

Suppose two players 1 and 2 are working on a joint project. When completed, the

Suppose two players 1 and 2 are working on a joint project. When completed, the project is worth 16 to each player if completed in periods 1 or 2, 6 if completed in periods 3 or 4…

Suppose two shoe stores operate near campus, G Shoes and Shoe World. Each of the

Suppose two shoe stores operate near campus, G Shoes and Shoe World. Each of these two stores has two options for pricing strategies: a high markup and a low markup. Use the aboe …

Suppose two types of consumers buy suits. Consumers of type A will pay $100 for

Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B will pay $75 for a coat and $75 for pants. The firm s…

Suppose two types of consumers buy suits. Consumers of type A will pay $100 for

Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat, and $50 for pants. Consumers of type B will pay $75 for a coat, and $75 for pants. The firm…

Suppose velocity is constant, the growth rate of real GDP is 3% per year, and th

Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Calculate the long- run rate of inflation according to the q…

Suppose velocity of money is constant, the growth rate of real GDP is 3% per yea

Suppose velocity of money is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Consider this a aseline." In each case show (don't…

Suppose velocity of money is constant, the growth rate of real GDP is 3% per yea

Suppose velocity of money is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Consider this a aseline." In each case show (don't…

Suppose wages in the market for plumbers increase. Some plumbers start taking on

Suppose wages in the market for plumbers increase. Some plumbers start taking on extra plumbing jobs while others cut back on the number of hours they work. What could explain thi…

Suppose wages rise in China, leading to an increase in the price of toys importe

Suppose wages rise in China, leading to an increase in the price of toys imported trom China. This change would cause Canadian CPI to O stay the same, because Chinese toys are not…

Suppose war in the world\'s main oil-producing region sharply reduces the world

Suppose war in the world's main oil-producing region sharply reduces the world oil supply, causing oil prices to rise and increasing the costs of producing goods and services in t…

Suppose we analyze the market for chocolate ice cream. Graphically illustrate th

Suppose we analyze the market for chocolate ice cream. Graphically illustrate the impact of the following would have on demand and supply.also show how equilibrium price and equil…

Suppose we are analyzing the market for oranges in 2017. Graphically illustrate

Suppose we are analyzing the market for oranges in 2017. Graphically illustrate the impact of each of the following events would have on supply and demand curves. Also show how eq…

Suppose we are in a two-period environment where the representative consumer has

Suppose we are in a two-period environment where the representative consumer has a utilit;y function of the form: Let the discount factor, , represent the idea that the consumer v…

Suppose we are interested in bidding on a piece of land and we know one other bi

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested.1 The seller announced that the highest bid in excess of $10,000 will be accepte…

Suppose we are interested in examining the impact of a new tutoring program on s

Suppose we are interested in examining the impact of a new tutoring program on students' grades on the first midterm exam in introductory economics classes at GSU. Tutors work in …

Suppose we are interested in the impact of advertisement on sales for a given go

Suppose we are interested in the impact of advertisement on sales for a given good. We have data for a cross-section of n firms, thus i = 1, ...., n. We believe that the correct s…

Suppose we are looking at an economy that produces only toys. In 2009 the countr

Suppose we are looking at an economy that produces only toys. In 2009 the country’s toy factories produced 8 million toys, which it sold on the international market for $10 per to…

Suppose we collect the following information from a large number of junior and s

Suppose we collect the following information from a large number of junior and senior level college students: Y = GPA in college (on a 4.0 scale) X1 = Percentile in high school gr…

Suppose we consider a situation under the Bretton Woods IMS. Suppose that Jamaic

Suppose we consider a situation under the Bretton Woods IMS. Suppose that Jamaica sets a par value of 1.5 Jamaican dollars per U.S. dollar. Answer the following questions: 1) Unde…

Suppose we define the PPP exchange rate as the number of units of a foreign coun

Suppose we define the PPP exchange rate as the number of units of a foreign country's currency that is required to purchase the same amount of goods and services in the foreign co…

Suppose we expect an inflation rate of 2% for the next year. If a lender require

Suppose we expect an inflation rate of 2% for the next year. If a lender requires a 3% real return on a one year loan, what interest rate should he charge? Refer to above. Suppose…

Suppose we expect an inflation rate of 2% for the next year. If a lender require

Suppose we expect an inflation rate of 2% for the next year. If a lender requires a 3% real return on a one year loan, what interest rate should he charge? Refer to above. Suppose…

Suppose we have 100 people enter a lottery. Each of individual has initial wealt

Suppose we have 100 people enter a lottery. Each of individual has initial wealth of $50,000. The price of a lottery is $10. The prize of the lottery is given as the number of peo…

Suppose we have Stash who likes to perfectly smooth his consumption: C1 = C2= C*

Suppose we have Stash who likes to perfectly smooth his consumption: C1 = C2= C*. His current income is $100K ($100K means $100,000), his expected future income is $50K, and his c…

Suppose we have a closed economy with a consumption function of C = .75Y, and an

Suppose we have a closed economy with a consumption function of C = .75Y, and an income tax of 20% imposed at each level of income. Assume that investment and government spending …

Suppose we have a competitive industry with n number of firms. Each firm has an

Suppose we have a competitive industry with n number of firms. Each firm has an identical cost function, c(y) = y^2 + 1 for y > 0 and c(0) = 0 for y = 0. Notice that for each f…