A. How A Monopoly Maximizes Its Profit? Explain The Procedure A Monopoly Takes To

Get college assignment help at Smashing Essays a. How a monopoly maximizes its profit? Explain the procedure a monopoly takes to maximize its profit. b. Please explain why a monopoly does not have a supply curve. c. Is it true that all monopolies earn positive profits? Explain your answer.

Current Consumption Of Diesel Is 10 Million Gallons Per Day And The Price Is

Current consumption of Diesel is 10 million gallons per day and the price is $1 per gallon. The elasticity of demand of Diesel is -0.4 and the elasticity of supply is 0.6. The government decides to limit consumption by imposing rationing, with a so-called “white market.” Under the rationing system, motorist are required to pay for Diesel in the usual way, but, in addition, they must submit to the dealer a coupon for each gallon purchased. The government distributes 9 million of these coupons per day, giving each motorist an equal number. Coupons not used can be bought and sold legally (and we assume costlessly) on the “white market.” a. What will be the new quantity of gasoline? What price will sellers receive? b. What will be the market price of coupons? c. Calculate by how much consumers are better off or worse off as a result of this change.

Company A Supplies Steel Chairs At Home And Aboard. Demand At Home Is Ph=30-Sh

Company A supplies steel chairs at home and aboard. Demand at home is Ph=30-Sh (S is quantity) and aboard is Pf=20-0.5Sf Company A can produce steel at home according to a total cost function given by Ch=10Qh Or at its foreign subsidiary according to Cf= 5Qf 0.5Qf2 Company A has monopoly power in both markets. To maximize profits what is the Company A optimal production sales and price pattern? Is steel traded; i.e. are shipment made across national boundaries? (Assume zero transport costs). How much? Suppose all trade is banned. Answer the question in (a) under these new conditions. Suppose the trade commissions in the two countries insist that Company A change the same price in the two countries. What are now its production, sales and price pattern? How much profit does it lose, relative to (a)?

First, Let’s Imagine A Closed Economy (a Closed Economy Means There Are No Exports

First, let’s imagine a closed economy (a closed economy means there are no exports or imports). Suppose the following equations describe the economy. All amounts are in billions of dollars per year. • C=1700 0.8YD • I=800 • G=1100 • TR=1000 • TA=1500 a. What is the value of equilibrium income in this economy? Show your work. b. Draw the Keynesian cross diagram for this economy in the space below. Also plot the point representing if our current level of output was $15 trillion. Aggregate Expenditure 45° angle Real GDP c. If our current level of output was $15 trillion, what would that mean in terms of inventories? d. In an effort to boost total output, the government decides to increase its expenditures by $500 billion. How much will income change by? What will the new equilibrium income level? e. Disregarding part (d), suppose that instead, the government decided to cut taxes (TA) by $500 billion. How much will income change by? What will the new equilibrium income level? f. Explain intuitively why (d) and (e) are different. For the rest of the problem we will expand on the problem by making this an open economy. In addition to the above figures, consider the following figures regarding exports and imports: • EX=2000 • IM=400 0.2Y g. What is the value of equilibrium income in this economy? Show your work.

—————–woman —————–left Right Man—-top— 2,1 0,0 ——-Bottom–0,0 1,2 Suppose That The Game Changes To

—————–woman —————–left right man—-top— 2,1 0,0 ——-Bottom–0,0 1,2 Suppose that the game changes to a dynamic game in which the man moves first similar to payoff matrix when played as a static game of full information. -Write down the normal form of the dynamic game and find any Nash equlibria of this game. Please clarify. -Now write down the extensive form of this dynamic game and find any subgame perfect equlibria.

PLease Explain How To Do This Problem With The Correct Formula And Do Not

PLease explain how to do this problem with the correct formula and do not copy a previous answer

Using Suitable Diagram, Differentiate Between Change In Supply And Change In Quantity Supplied.

Using suitable diagram, differentiate between change in supply and change in quantity supplied.

Economics – Game Theory 1.Progressive auto insurance and other insurance

Question Economics – Game Theory 1.Progressive auto insurance and other insurance companies are considering charging customers based on the number of miles they drive and other driving behavior (like frequent quick acceleration or hard braking). Data on this behavior would be collected via an onboard monitoring system. One UC Berkeley economist, Aaron Edlin, thinks that such devices and payment schemes should be mandated by the state. He claims that “insurance companies have some limited incentive to adopt pay-as-you-drive insurance — if they want to be a niche company and specialize in serving low mileage drivers.” (San Jose Mercury News). Why does Edlin see companies that require the devices becoming “niche” players? How is this an example of adverse selection? How would a state mandate solve the problem?

Using Any Commodity Of Your Choice (X), Discuss The Major Factors Affecting The Supply

Using any commodity of your choice (X), discuss the major factors affecting the supply of that particular commodity in your locality. and Show graphically how changes in one of those factors (other things equal) can affect the supply of that commodity (X).   

I Need Quick Answers For This Question For All The Details (A And B,and

I need quick answers for this question for all the details (A and B,and C,) help me with all the details? BR/H Q.)- Consider a government that contemplates extending the mandatory school system from nine years to ten years in primary school. You are now asked to give recommendation about the implementation and are thinking about estimating the model: Yi = b0 b1 schi ei Where Yi is the outcome (e.g. wage) of individual i, and schi is the years in school of the same individual. ei is an error term. a) Illustrate mathematically and in words why estimating this model can give rise to Omitted variable bias. b) If you had no financial or ethical restrictions, explain what research design you would use to uncover b1? c) Explain the research design that use in their paper to estimate b1.

I Understand That Countries Cannot Print More Money Because That Will Cause Inflation In

Get college assignment help at Smashing Essays i understand that countries cannot print more money because that will cause inflation in the country but if they print money and baught other currencies and baught goods in other countries. for example (india can print 100 million rupee yearly, but this year they have printed 500 million, if they use that money in india this will cause inflation. but, if they used the 100 million rupee in indian and 400 million they changed to dollar for example and buy goods in london for example, how that will effect the indian and how other counties will know that india is printing more money?

Suppose The Fixed Costs At A Widget Factory Are $500.00 And Variable Costs Per

Suppose the fixed costs at a widget factory are $500.00 and variable costs per widget are as indicated. Compute the total average costs for each of the following: 1. Producing 10 widgets when the variable cost is $10 per widget Total Cost = $ _________ Average Cost = $ _________ 2. Producing 20 widgets when the variable cost is $15 per widget Total Cost = $ _________ Average Cost = $ _________ 3. Producing 100 widgets when the variable cost is $20 per widget Total Cost = $ _________ Average Cost = $ _________ b. Suppose that widgets sell for a price of $50. Compute total revenue (TR) and profit (P) for each of the above cases. 1. TR = $ _______ P = $ _______ 2. TR = $ _______ P = $ _______ 3. TR = $ _______ P = $ _______

2. A stamp collector is considering selling one of her

Question 2. A stamp collector is considering selling one of her prize stamps. Based on some very insightful market research, she knows that there are two bidders, and each bidder just wants to add the stamp to their own private collection and is not worried about resale value. Depending on their mood the day of the auction, each bidder is equally likely to value the stamp at $10, $20 or $30. (The realized values are not correlated across the two bidders, i.e. they are independent, private values. Also assume everyone, including the seller, is risk neutral, and if there is a tie, we can flip a coin to determine the winner.) a. If the stamp collector values the stamp at $11, what is her expected profit from using a sealed-bid second-price auction? b. Suppose the stamp collector decided to run a first-price sealed-bid auction, rather than a second-price sealed-bid auction. Why might the bidders be more comfortable with a first-price auction, especially if they can’t verify the seller is honest?

Please Solve These Questions And Give A Detailed Explanation For Your Answers. Hopefully Your

Please solve these questions and give a detailed explanation for your answers. Hopefully your explanations for these questions are correct. Thank you very much for your help in advanced.

I Got One Incorrect But I Don’t Know Which. Could You Explain Which One

I got one incorrect but I don’t know which. Could you explain which one is wrong and why?

Partial Question 3 1.88/2.5 Pts Vietnam And Thailand Both Produce Bicycles And Sweaters. In

I got some incorrect, please tell me which are incorrect and why.

Firms Should Raise The Prices On Their Goods​ (I Believe The Answer Is C,

Firms should raise the prices on their goods​ (I believe the answer is C, but think it could be answer D) a. ​If the demand for the product is elastic b. ​If it acquires a firm selling a complement good c. ​If it acquires a firm selling a substitute good d. ​Both a and c

(Signalling And Screening) What Roles Do Signalling And Screening Play In A Labour Market

(Signalling and Screening) What roles do signalling and screening play in a labour market with asymmetric information?

Suppose Demand And Supply Function For The Laptops Are Given As Below: Demand: Q

Suppose demand and supply function for the laptops are given as below: Demand: Q = 40 – 0.02 P Supply: Q= -10 0.02 P a. Find the expression of demand and supply curve. b. Find the equilibrium price and quantity. Draw the supply and demand graph. c. Find the consumers’ surplus (CS) and producers’ surplus (PS). d. The riverside city council passed a law that setting the minimum price at 1300 dollars. Is this regulation effective? will be there excess supply or demand? And how much? Show it on graph. e. Find the consumers’ surplus, producers’ surplus and deadweight loss (DWL) in part d. f. Government thinks the market price is too high, so they set the maximum price to charge. The government regulated price is 1100 dollars. Will be there excess supply or demand? What is the value? Show it on the graph. g. Find the consumer’s surplus, producers’ surplus and deadweight loss in part f. h. Comparing part e and f with part c, what economic intuition do you get?

The Supply And Demand Function For The Coke Is Given As Below. S: Q=270 100P

The supply and demand function for the coke is given as below. S: Q=270 100P D: Q=660-30P a. Find the supply and demand curve. b. Find the equilibrium price and quantity for this coke market. c. Draw the supply and demand graph. d. Find the CS and PS. Show it on the graph. e. Because of the trade war, Coke company persuade the government to implement a price floor, which is 5 dollars. Is this price floor effective? If the coke is sold at price floor level, then find the CS and PS for this market. Show it on the graph. What is the value of DWL? f. If the government gives a tax cut for the coke company to keep their product competitive and employment opportunity for the working class of cititzens, the new price after the tax cut is 2 dollars. Find the CS, PS, DWL and show it on the graph.

Discuss In 500 Words Your Opinion Whether Fair Use Of Copyrighted Material Should Be

Discuss in 500 words your opinion whether Fair Use of copyrighted material should be expanded, contracted, or left alone. Justify your choice. Include at least 3 quotes enclosed in quotation marks and cited in-line by reference to a list at the end.

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