November 2020

Calculate the industry output and market share at the current price of $2,200, assuming the prices are stable and unlikely to change.

Calculate the industry output and market share at the current price of $2,200, assuming the prices are stable and unlikely to change. [ad_1] The licensing restrictions allow each company to sell as much as it wants at a price ceiling of $2,200. You have the following output and MC data for each company:OutputMC ($)QAbbaBabbaCabba1,0002,5002,6002,7002,0002,4002,3002,5003,0002,2002,1002,3004,0002,0002,0002,1005,0002,1002,2002,2006,0002,2002,5002,300a.Calculate the […]

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What is the observed value?

What is the observed value? [ad_1] Question 1 According to HowtoAdvice.com, the average price charged to a customer to have a 12′ by 18′ wall-to-wall carpet shampoo cleaned is about $50. Suppose that a start-up carpet-cleaning company believes that in the region in which it operates, the average price for this service is higher. To test this

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What are rational expectations? Can they influence the outcome of a monetary policy?

What are rational expectations? Can they influence the outcome of a monetary policy? [ad_1] Question 1 a) What are rational expectations? Can they influence the outcome of a monetary policy? (5 marks)  b) List three reasons why an economy may choose a fixed exchange rate regime. (5 marks)  Question 2 Start with a closed economy in equilibrium,

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