Two firms produce differentiated products with demand curves p1=a−q1−bq2 and p2=a−q2−bq1.

They both face constant average and marginal cost c and their profit functions are Π1=(p1−c)q1 and Π2=(p2−c)q2.

Solve the Cournot game.

Assume that you have fixed exchange rates and a SOE with perfect capital mobility. Assume that you start from an external imbalance (take the case that r in the internal equilibrium is higher than what it should be). Describe the adjustment to external equilibrium.

What economic factors contribute to the high cost of healthcare in the US? What are instances of economic failure that have contributed to this cost escalation? What should we do about them?

According to the Fisher model, why would a person who is rich today and poor tomorrow prefer having a financial market over not having one? State all (relevant) necessary assumptions you make for your argument.

One of the functions of packaging is just to contain and protect a product. However, packaging also...

4. What are the potential risks of using government policy to try to increase productivity?

Mr Lim is a tuition teacher. He is deciding how many hours to teach each day and how much to charge for his tuition. Each hour of lecture leaves him fatigued, which is equivalent to a cost of $40 per hour to him. He has two students A and B with demand curves as follows:

Student A: PA= 72 - 8Q

Student B: PB = 56 - 4Q where Q is the number of hours he teaches.

(i) If he can teach only one student per hour, obtain the market demand curve for his tuition from the two students. If he wishes to maximise social welfare, how many hours of tuition should he teach? Discuss.

(ii) Suppose that he can broadcast his tuition online, so that both students can listen to his tuition at the same time and consumption is nonrivalrous. Obtain the market demand curve. What is the socially optimal number of hours of tuition he should provide? Discuss.

2018-Jan Q4b

12. Suppose you are a middle-aged person with cancer. Your job doesn’t offer health insurance. Briefly explain how you might have been impacted by the implementation of the ACA.

Discuss the relationship of economic conditions to industry sales for the company caterpillar for fy-19

11. One reform idea that is often floated in the US is the use of Medical Savings Accounts (MSA’s) in conjunction with high-deductible insurance plans (sometimes called catastrophic coverage). Individuals could deposit pre-tax dollars into their MSA and use the money to pay for out-of-pocket medical expenses. If unused, the MSA money simply becomes savings for the individual.

1. What is a high-deductible plan?

2. What are the pros and cons of such a plan?

How is adverse selection mitigated in the US system of care?

How might repealing the individual mandate affect adverse selection and insurance premiums?

When it was passed, part of the goal of the ACA was to decrease health care costs in the United States. Discuss the ways in which costs might be reduced and the ways in which costs might actually increase as a result of ACA.

Discuss when a promissory note will be considered a security including a detailed discussion of the family resemblance test.

A major smartphone manufacturer is launching the newest version of its mobile phone. The company has media advertising planned already, but it is considering complementing it with a public relations (PR) campaign. Discuss the target audience, the objectives, and the advantages of a PR campaign? 600 words

A major smartphone manufacturer is launching the newest version of its mobile phone. The company has media advertising planned already, but it is considering complementing it with a public relations (PR) campaign. Discuss the target audience, the objectives, and the advantages of a PR campaign?600 words