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Output is homogenous and the demand curve is P = 448 − Q. There are two firms with identical costs given by C = q2 i where qi is the production of firm i.
The marginal cost of firm i is MCi(qi) = 2qi .
(a) Find the Cournot equilibrium firm outputs. (b) Find the Stackelberg equilibrium firm outputs.
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Cost-push inflation can be called
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The United States purchased Alaska in 1867 for $7,200,000. Assume that federal tax revenue from the state of Alaska (net federal expenditures) is $56,500,000 in 2018 and that tax revenue started in 1868 and has steadily increased by 3% annually since..
Empirical estimates of the price elasticity of demand suggest that the demand for household consumption of alcoholic beverages is
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A researcher posed a null hypothesis that there was no significant difference between boys and girls on a standard memory test. She randomly sampled 100 girls and 100 boys in a community and gave them the standard memory test. The mean score for g..
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