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Perfect competition, game theory and monopoly

Please see the attached file. 1. Consider a perfectly competitive, constant-cost industry with market demand curve Q = 540 -30P In the short-run, there are 100 -rms operating in the market. Each -rm has TV C(q) = q 2 and -xed costs of $20. For 50 of the -rms, $4 of these -xed costs are sunk, and for the other 50, all $20 ar

International trade

Details: Does free trade encourage pollution as corporations build factories and plants in countries with more lenient air and water pollution controls? Or does it encourage higher standards, as better controls and higher standards are brought in with the growing corporations? The CEO and COO in the USA hope to use your writi

John Irish, CFA, is an independent investment adviser who is assisting Alfred Darwin, the head of the Investment Committee of General Technology Corporation, to establish a new pension fund.

I am having trouble understanding exactly what is being asked for. The graph is attached. 11. John Irish, CFA, is an independent investment adviser who is assisting Alfred Darwin, the head of the Investment Committee of General Technology Corporation, to establish a new pension fund. Darwin asks Irish about international equ

What is meant by technological advance, as broadly defined?

1.) What is meant by technological advance, as broadly defined? How does technological advance enter into the definition of the very long run? Which of the following are examples of technological advance, and which are not: an improved production process; entry of a firm into a profitable purely competitive industry; the imitat

Environmental Factors or Trends

What environmental factors or trends, (technology, social, political, demographic, global, etc.) do you believe will have the greatest impact on critical thinking at work or in another area of your life?

In-Depeth Insight into the Monopoly Business

Question 6: ABC is monopoly seller of aluminum in the U.S. and sells no aluminum on the world market. It sells aluminum domestically for $2500 per tom and its average cost is $2200 per ton. The world price is $2000 per ton. (High tariffs prevent foreign firms from exporting into the U.S.) True or False: "Obviously, ABC sho

Operating Leverage

Based on the attached spreadsheets, how would the attached questions 1- 6 be answered? 1. Describe how the break-even quantities and operating leverages are affected by the relationships between fixed and variable costs. 2. Explain what will happen to company profits if sales in the software and keyboard divisions increas

Porter's Five Forces Framework

The costs of producing steel declined substantially from building a conventional hot¬-rolled steel mill down to the new mini-mill technology that requires only scrap metal, an electric furnace, and 300 workers rather than iron ore raw materials, enormous blast furnaces, rolling mills, reheating furnaces, and thousands of worker

Roe vs. Wade and Violent Crime

Could the micro decision of Roe versus Wade actually have played a role in reducing the rate of violent crime in the 1990s? Does anyone has an opinion on this issue?

Decision Making

Have you been personally involved in the making of a decision for a business concerning what, how, or for whom? If yes, explain your rationale for making such decisions. Were these decisions guided by the market process, the command process, or the traditional process? Explain.

Economic Changes in Various Industries

Essentially, what do you think are the changing aspects of the economics (i.e., customers, technology, and competition) of the following industries? - telecommunications - retail merchandising - higher education - aerospace and defense.

DECISION ANALYSIS

YOUR FIRM IS CONSIDERING INVESTING IN DEVELOPMENT OF A NEW TECHNOLOGY. IF YOU INVEST THE TECHNOLOGY, IT WILL REQUIRE AN OUTLAY OF $1.2 MILLION. IT IS UNCLEAR THAT THIS INVESTMENT WILL NECESSARILY RESULT IN A NEW TECHNOLOGY BEING DEVELOPED. YOUR ENGINEERS ESTIMATE THERE IS A 50% PROBABILITY THAT THE TECHNOLOGY WILL BE SUCCESSFUL.

Market Trends Paper

Economics, Microeconomics - Year 3 Describe market trends of Memorial Hermann Hospital. Address the following topics in your analysis: a. Prices b. Technology c. Productivity (consider the law of diminishing marginal productivity) d. Cost structure 1) Wages and benefits

Principles and Strategies

Currently international management at PM Company consists of one person. What specific management principles and practices should PM company begin to put in place that will assist the company as their international expansion plans move forward and their international business begins to grow? Post your answer to the discussion bo

profit-maximizing output level

You are the CEO of ClipIt, a paper clip manufacturer. Your company enjoys a patented technology that allows it to produce paper clips faster and at a lower cost than your only rival, FastenIt. Clipit uses this advantage to be the first to choose its profit-maximizing output level in the market. The inverse demand function for pa

Game Theory help

Suppose the market for computer chips is dominated by two firms: Intel and AMD. Intel has discovered how to make superior chips and is considering whether or not to adopt the new technology. Adoption would entail a fixed setup cost of C but would increase revenues. However, if Intel adopts the new technology, AMD can easily copy

Macroeconomic Multiple Choice Questions

1) Which of the following is a long -run macroeconomic policy goal? A) reduce unemployment (B) increase inflation (C) promote steady growth (D) eliminate recession 2)If our exports are $1.2 billion and our imports are $1.7 billion A)the United States is lending to the rest of the world(B) U.S national saving is too high (C)

Technology and globalization

How has technology impacted globalization over the last decade? What impact has it had had on costs and prices?