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a) The travel agencies try to coordinate their actions and set the price and quantity like a single monopolist. Once they set this profit maximizing price and quantity, they plan to split the resulting profil equally. What is the profit for each travel agency if they both adhere to the plan)
b)One of the travel agency, travel agency A, deviates from the plan and sets its price equal to BAM 4.000. What is the profit of travel agency B? (HINT: No one wants to buy overpriced goods!)
c)Both travel agencies set price equal to BAM 4.000, and then split profit equally. What is the profit for each travel agency?.
A. Construct a table showing the alternative combinations of the two products that are available.
B. Plot the data in your table as a budget line? What is the opportunity cost of one more candy bar? Of one more bag of peanuts? Do these opportunity costs, rise, fall or remain constant as additional units are purchased?
C. Does the budget line tell you which of the available combinations of candy bars and bags of peanuts to buy?
D. Suppose that you had won $30 on your ticket, not $15. Show the $30 budget line in your diagram. Has the number of available combinations increased or decreased?
a.) Briefly explain a public finance related economic rationale for this project. b.) How might public policy be used to encourage this project? c.) Does it make more sense for policy related to this project to be handled at the federal, state,or local level? Why? d.) To get some of the benefits from this project people need some access to the internet. Suppose a tax on phone services is used to increase internet access. What would be the likely incidence of such a tax?
b. what relationship between the current accounts of the two countries is satisfied when the world real interest rate is at its equilibrium valve?