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Q. Firms A and B compete as Cournot duopolists in the cola market. The demand and marginal revenue are given by: p = 200 - Y, where Y = yA + yB is total output. Marginal revenue for each firm is MRA = 200 - yB - 2yA, MRB = 200 - yA - 2yB. The marginal cost of producing it is constant for both firms at $20 per case. (a) Derive each firms best response function. (b) Find the equilibrium price, quantities and profit for each firm. (c) Why might these firms agree to form a cartel? If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
The equilibrium quantity increase or decrease depends on Demand
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
Consider a couple's decision about how many children to have.Assume that over a lifetime a couple has 200000 hours of time either work or raise children.The wage is RM10 per hour.Raising a child takes 20000 hours of time.
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
Clarke's workers are highly skilled artisans with a great deal of job mobility. What impact would the wage increase have upon the firm's employment.
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
Make sure that you consider two cases. In the first case, the consumer does not pay any tax before x is reduced, and in the second case, the consumer pays a positive tax before x is reduced.
Distinguish between the resources market and the product market in the circular flow model.
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