Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Two firms, A and B, have complete control of the supply of mineral water and both have zero costs. Their best reply functions (BRP) are given by: qA= 10-.5qB qB= 10-.5qA
a) Find the Cournot solution for the market price and output of mineral water and illustrate with a simple graph.
b) The marginal revenue function facing a monopolist is given by: MR = 200-20Q Demonstrate that firms A and B have an incentive to cooperate and maximize joint profits.
c) Assume each firm can select two output strategies -specifically the strategies from parts (a) and (b). Denote these alternative output strategies qa and qb. Compute and payoff/profit matrix showing the four possible outcomes.
d) Does the game that you developed in preceding part have a determinate outcome- i.e., is there a dominant strategy? Explain.
Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.
Monopoly Rinks is the only ice skating facility in Mapleville. The next closest rink is about 100 miles away. It has determined that its demand curve is
A firm has determined that its variable costs are given by the following relationship:
Find linear demand and supply curves that are consistent with this information and how would the equilibrium price of ethanol motor fuel in the first half of 2008 compare to the price in 2007?
Ross owns 918 shares of Flag Fabric Corporation There are thirteen directors to be elected. 31,000 shares of common stock are outstanding.
Describe how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.
Assume that the competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Suppose that the market price of the firm's product is $9. Find out level of output will the firm produce?
Suppose as your company's lobbyist, what would you like to see done through Federal government that would be of help to your company? This could be what government could do or what they could stop doing this.
Please help describe profit maximizing decision of pure monopolist firm and compare it to the profit maximizing decision of the firm in a purely competitive market and a monopolist firm in the competitive market.
Research authoritative articles using the news and the DeVry Online Library for a recent case of antitrust investigation.
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
Compute the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 GPA rather than a 2.0 GPA. Find out opportunity cost of an increase in income from $100 to $150.00
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd