Economics Answers

The market demand curve p=30-Q there are only two firms in the market each with marginal cost of $0 what is market price in the stackelberg model

Discuss 2 determinants each of the price elasticity of demand and the price elasticity of supply.

In the countries of Xerxes and Arias both nominal and real gross domestic product are the same. Because each dollar an Xerxes is used more often then Arias, ____ in Xerxes

Give reasons that led to the introduction of the basel 1,2 and 3?

In the article “An early contribution to theoretical literature”, JC Harsanyi

cogently argues that economic decisions free of bias can be obtained by

placing decision makers in a position of ignorance. What is the further

opinion about the distribution of income according to Harsanyi?

If government imposes a maximum price of 48, calculate the resulting

shortage and discuss on its effectiveness of such a policy 

Interpret and explain the diagram below, which illustrates the effect of airline

regulations by the civil aeronautics board. Indicate what effect the regulation will

have on airlines’ sales, output and profit, and also what consumers are losing or

gaining in the process.

Define an isoquant and then explain what decreasing returns of scale

implies. What happens to the isoquants on an isoquant map in such an

instance?

Explain what the income consumption curve is in terms of individual and

market demand.

By using a relevant diagram, illustrate and explain how the market

demand curve is derived. A brief explanatory discussion of the graph is

required with reference to price and quantity.