Define efficiency in this context

Assignment Help Basic Computer Science
Reference no: EM132251209

In the class, we have discussed a set up of the Cournot competition with two firms and different marginal production costs. How do you define efficiency in this context? Would the efficiency be improved if the two firms are merged? Why or why not? Please explain your answer in detail.

Reference no: EM132251209

Questions Cloud

Have you ever consumed too much of something : Have you ever consumed "too much" of something, to where you experienced a negative marginal utility? (diminishing marginal utility). Please explain.
Discuss the different types of evidence : Discuss the different types of evidence that might be used to prove or disprove a charge of bad-faith bargaining.
What is the basic earnings per share : Marcy Company had net income of $60.000, paid preferred dividends of $3,000, What is the basic earnings per share
Net-benefit of purchasing and consuming the chocolate bar : What is Bert's net-benefit of purchasing and consuming the chocolate bar?
Define efficiency in this context : In the class, we have discussed a set up of the Cournot competition with two firms and different marginal production costs.
What is its weighted average number of shares for the year : Marcy Company had 30,000 shares of common stock at the beginning of the year. What is its weighted average number of shares for the year
What is the role of socialization : What is the role of socialization in women's and men's choice of occupation and how do these relationships affect segregation and the wage gap?
What revenue is recognized in the year two income statement : If Company X plans to hold this bond until it's maturity at the end of the fifth year, what revenue is recognized in the Year Two income statement
According to the definition of a function : In the theory of the firm, economists consider the total cost C to be a function of the output level Q, that is, C = f(Q).

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Research 4 different four information security certification

Research 4 different four information security certifications. Outline how each may help or hinder the personnel and their careers.

  Write a recursive function sumtreenodehelper

Write a recursive function sumTreeNodeHelper that sums the elements of a binary search tree starting with the smallest element and adding elements in order up to the largest element and prints the running sum as each new value (ie. Node->val) is adde..

  Find the probability that the three resulting numbers

A fair die is tossed three times in succession. Find the probability that the three resulting numbers include at least one 3.

  What nominal rate of return did you earn on investment

If the inflation rate for the past year was 2.0%, what nominal rate of return did you earn on this investment?

  Calculate the total increase in economic activity

If the marginal propensity to consume in this city is .95, calculate the total increase in economic activity for the city due to this increase in income

  Practice precautionary step regarding compatibility

1. What's a best practice precautionary step regarding compatibility before distributing applications to all users? SLO 18 2. Which of the three Windows Firewall profiles is most appropriate for a library kiosk

  How much memory did you manage to allocate before failing

You have two obvious alternatives: look for documentation, or write a program with an infinite loop that allocates but never deallocates. Try both. Approximately how much memory did you manage to allocate before failing?

  Two separate buildings aproximately

If you want to connect two networks that are both IOBase T Ethernet networks and are in two separate buildings aproximately 1000 mtrs apart which media would you use?

  Job seeker or the potential employer

1. Who has more information in the job market: the job seeker or the potential employer?

  Should all organizations try to analyze big data

Should all organizations try to analyze big data? Why or why not? What people, organization, and technology issues should be addressed before a company decides to work with big data?

  Determine how to diagnose and reseat the ram

You investigate and consider the idea that one of the RAM sticks in her PC may have become unseated. Detail the steps you would take to determine how to diagnose and reseat the RAM.

  Predictive analytics vs descriptive analytics

Compare and contrast predictive analytics and descriptive analytics. Use examples. Use examples

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd