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Determine the Stackelberg equilibrium with one leader firm and two follower firms if the market demand curve is linear and each firm faces a constant marginal cost, m, and no fixed cost. (Hint: See Appendix 13B for the Stackelberg model with one follower or use calculus.)
Air at 2 atm and 500 K and at a rate of 12 kg/s flows across a plain plate-fin matrix of the configuration shown in Figure 10.8 and in Table 10.1 for the surface 9.68-0.870. The frontal area is 0.8 m × 0.6 m and the length of the matrix is 0.6 m.
There is a large number of commuters who decide to use either their car or the tube. Commuting by train takes 70 minutes whatever the number of commuters taking the train. Commuting by car takes C(x) = 20 + 60x minutes, where x is the proportion o..
Find any differences in the set of variables used in a regression model of demand for customer durable and a regression model of the demand for fast moving consumer goods
Compute the opportunity cost in forgone tanks for each additional truck produced: Truck output 0 1 2 3 4 5 Tank output 5 4.5 3.8 3.0 2.0 ..
In equilibrium, approximately what is the firm's total cost and total revenue?
a. State the per worker production function b. Given that (A = 4) the savings rate is 0.3, the population grows at 0.01 and the depreciation rate is 0.05. Calculate the steady state capital stock per worker and investment per worker.
What are the trade-offs for society as it sets rules for deciding cases such as these?
Consider four students deciding to jointly share a textbook. Describe a practical method for using the Lindahl equilibrium to determine how much each should pay.
Imagine an economy where a state-owned enterprise exists alongside a private firm that produces the same good. The private firm has a TEP level that is three times as high as the SOE: Ap = 3x As x the production functions are Yp=Ap x Np
Tina hires Jeff to do odd jobs around her home and agrees to pay him $5 per hour. Tina further agrees to guarantee Jeff at least 40 hours of work per week, and to pay him 1.5 times his base pay for any hours worked beyond 40. If Jeff works 45 hour..
January 31, 20X5: As a result of reduced sales, production was curtailed in midJanuary and some workers were laid off. On February 5, 20X5, all the remaining workers went on strike. To date the strike is unsettled.
Suppose that country A produces two goods (C and T) under conditions of constant opportunity costs. Given its resources, the maximum C that it can make is 1200 units, and the opportunity cost of making one additional T is 4 units of C.
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