Question 1. (30 points) Suppose a monopolist faces the following demand curve: P = 750 – Q. If the long run marginal cost of production is constant and equal to $30. a) (5 points) What is the monopolist’s profit maximizing level of output? b) (5 points) What price will the profit maximizing monopolist charge? c) (5 points) […]
Question Explain quantitative easing and the three times it occurred during the Great Recession, and how it affected the recovery. Also reverse repos and how they affected recovery please from an intermediate macroeconomic perspective. Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
Question Question 2:Suppose there are two firms in a market who each simultaneously choose a quantity. Firm 1’s quantity is q1, and firm 2’s quantity is q2. Therefore the market quantity is Q = q1+ q2. The market demand curve is given by P = 100 – 4Q. Also, each firm has constant marginal cost […]
Question Question: Auctions: First Price vs. Second Price (10 points)Fill in the blanks in the table below. Bidder Value 1st price bid 2nd price bid A 92 B 95 C 31 D 75 E 88 a) Who wins the first price auction and what price do they pay? b) Who wins the second price auction […]
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