Can you explain and answer part e and part f please? I already understand parts c and d

Firm 1 and Firm 2 are functioning in a market as competitors. The inverse market demand for chicken is given by P (Y ) = 100 − 2Y , and the total cost function for any firm in the industry if given by TC(y) = 4y.

(c) Suppose that two Cournot firms operated in the market and the reaction firm for Firm 1 is y1 = 24−y2/2 and Firm 2 is y1 = 24−y1/2. If they are operating at the Cournot equilibrium point, what would be the industry output?

(d) Based on the information in part (c), how much would each firm produce and what would be the market price?

(e) For the Cournot case, draw the two reaction curves and indicate the equilibrium point on the graph. Explain the reaction of each firm.
(f) Suppose one firm acts as a Stackleberg leader and the other firm behaves as a follower, how much would the leader and follower produce?

Brumeister Industries needed steel pipe to build furnaces for a customer. Brumeister sent Greene Steel an order for a certain quantity of “A 106 Grade B” steel. Greene confirmed the order and created a contract by sending an invoice to Brumeister, stating that it would send “A 106 Grade B” steel, as ordered. Greene delivered the steel and Brumeister built the furnaces, but they leaked badly and required rebuilding. Tests demonstrated that the steel was not, in fact, “A 106 Grade B,” but an inferior steel. Brumeister sued. Who wins?

T/F

5. Based on a paper in the American Economic Review (Papers and Proceedings), excluding the Great Depression, most experiences with deflation did not result in depression.

6. Woods argues that increasing consumption does not drive wealth creation.

7. The problem with bankruptcy is that we lose these assets and the production they used to generate.

Give a simple and brief proof that a utility-maximizing consumer would exchange the two commodities up to the point where the relative ratio of marginal utility between the two commodities exactly equals their relative price ratio. What is General Equilibrium? Explain how Walras set up the general equilibrium model. What difficulties did Walras have in order to demonstrate that market forces could automatically correct disequilibrium? (Relate it to Jehovan's demonstration in the History of Economic Though)

Explain the neoclassical theoretical argument that competitive capitalism should automatically self-adjust to achieve full employment equilibrium. During the Great Depression, real wage did not increase. Why was this economic fact in contradiction with the neoclassical (and Keynes’s) theory of employment? How was Keynes’s theory of interest rate and saving different from the neoclassical one? Why did Keynes believe that there were situations where monetary policy would be ineffective to bring the economy out of depression?

Problem 4

Consider the following economy:

(e) Calculate the marginal leakage rate.  (0.5 mark)

(f) Assume that the natural rate of output for this economy is estimated as $1,200,000 million.

(i) Is this economy facing a recessionary or inflationary gap?  (0.5 mark)

(ii) Illustrate the gap you identified in part (i) above using both the AS-AD Model and the Aggregate Expenditure Model.  (1 mark)

(iii) Calculate the output ratio for this economy (0.5 mark)

(iv) If the government wishes to move the economy to its natural rate, will it need to increase or decrease spending? Calculate by how much it will need to change its spending.  (1 mark)

(v) Consider the policy action undertaken in part (iv) above and illustrate the impact on the money market.  (1 mark)

(vi) Given the impact on the money market determined in part (v) above, explain how this could affect the exchange rate market.  (1.5 marks)

(vii) Explain the policy action the government could undertake if it decides that it wants to move the economy to its natural rate but doesn’t want the action to affect its budget position.  

1) What is good about rent control

2) What is bad about Rent Control

3) Who is Richard Thaler

https://youtu.be/bERm-50CApk

https://youtu.be/BWUtLSfb9zs

A proposal is made to ban the use of a particular type of gear by vessels engaged in a certain saltwater fishery. indicate conceptually how costs would be measured in this case. how might the necessary data be obtained?

How independent is the central bank? What factors contribute to and what factors work against independence? Discuss arguments for and against the independence of the central bank.

16. Suppose the central bank increases the money supply in order to increase the equilibrium level of GDP. Which of the following conditions would lead to a large increase in GDP given the increase in the money supply?

A. A small marginal propensity to consume

B. A very steep investment schedule

C. A very steep money demand schedule

D. All of the above conditions

In the midst of COVID-19, it is reported that over 195 million people will lose their jobs and many small businesses have already closed around the world as a result. Central Banks across the world have been advised to institute policies to help stabilize their economies. Discuss whether central banks should implement expansionary or contractionary monetary policies to achieve stabilization Discuss arguments for and against each policy direction. Discuss tools that can be used.

please could you describe  Pareto’s ideas within Conservative perspective?

NFL-sponsored studies of the economic impact of the Super Bowl on host communities typically generate large numbers. They report the impact of the 1999 Super Bowl on the Miami area was $396 million. However, studies that compared January spending in six Super Bowl host cities to spending in those cities during a series of non Super Bowl years before and after the event found the net economic impact of a Super Bowl is virtually zero. EXPLAIN.

Further discuss how your answer may change for a Super Bowl in Seattle.

Consider the following technologies (1-6). For each, provide the following:

1. What type of technology it is. (1pt)

2. What the returns to scale are. (1pt)

1. q = 5.2x10.2x2

2. q = x10.3x20.4

3. q = 5x1 + 1.77x2

4. q = 0.55x10.55x20.47

5. q = 2x11.3x20.6

6. q = 0.2x1 + 0.7x2