Question Question: Discuss: “The equilibrium output is an efficient allocation of resources. Hence laissez-faire is the best policy”. Question: Discuss: “The equilibrium output is an efficient allocation of resources. Hence laissez-faire is the best policy”. 5.2 Action Required: Motivating your employees is one of the most vital managerial activities. An organization with motivated employees means […]
Tag Archives: equilibrium
Determine the system-optimal (SO) flows and travel times
Part A – Destination Choice Due to the construction of several mega apartment complexes just south of campus, a developer is considering the construction of a new movie theater complex, “Mega Movies”, on the east side of Gainesville. The developer has hired you to help determine the viability of building this theater complex. Destination Choice […]
Determine the number of theoretical stages required for this separation.
Absorption and gas stripping It is desired to absorb 90% of the acetone in a gas containing 1.0 mol % acetone inair in a countercurrent stage tower. The total inlet gas flow to the tower is 30.0 kg mol/h, and the total inlet pure water flow to be used to absorb the acetone is 90 […]
What is your opportunity cost of running the business?
Assignment Questions Consider the market for orange juice. In this market, the supply curve is given by QS = 100PJ −20PO and the demand curve is given by QD = 1000−150PJ +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. Calculate the […]
Draw the game matrix that represents the scenario described above.
Intermediate micro economics Chris and Forrest plan to meet for lunch and Forrest’s phone is (yet again) dead. Masi they much decide where to go without communicating with one another. If they both end up at the same restaurant, they each get 10 tails. If-Chris goes to Blaze pina and Forrest goes to jimmy Johns, […]
What are the Nash Equilibrium Payoffs?
Part B (20 pts total): Consider the following two-player game. Please answer the following two questions. Each are worth 10 pts. Player 2 𝒍 𝒄 𝒓 Player 1 T 1, 1 0, 1 3, 1 M 1, 0 2, 2 1, 3 D 1, 3 3, 1 2, 2 B.1. Are there any strictly dominated […]
What is the impact on the interest rate if central bank money is increased to $2500 (million)?
QUESTIONS Q1 First, explain why the money demand curve is downward sloping. Second, graphically illustrate and explain what factor(s) will cause shifts in the money demand curve. Explain what effect changes in interest rate and nominal GDP have on the demand for central bank money. Q2 Explain what types of policies a central bank can […]
How would the curves shift and how would equilibrium price and quantity change?
Instructions: The assignments should be typed in Word. Diagrams and graphs, however, may be drawn with a pen and a ruler, drawn using Word/Excel, and scanned/pasted/attached to your submission. Problem 1 The demand and supply functions for hockey sticks are represented by the following equations, where Qd is the number of crates of sticks demanded, […]
Explain From the table can we obtain a long run perfectly competitive equilibrium price and quantity?
Find the MR and MC for different quantities of production and enter your answers on the table. Find the monopolist’s equilibrium quantity and price. iii. Explain From the table can we obtain a long run perfectly competitive equilibrium price and quantity? Explain why or why not. (HINT: In long run perfect competition leads to zero […]
How much potash would actually be sold if the price is $360 per tonne?
Problem 1: (10 points) The following events occur one at a time. The price of crude oil rises. The price of a car rises. iii. All speed limits on highways are abolished. Robots cut car production costs. Explain the effect of each of these events on the market for gasoline (the equilibrium price and the […]
