How many will each family buy

Reference no: EM133531395

Question: Think about your answer to the last 4 questions. If family's each individually make their decisions about how many fireworks to buy, how many will each family buy? Hint: Use the idea that a family chooses the number of fireworks that make them the best off given what all the other families are doing. Also note that families' have the same MB and MC, so they should each choose the same quantity. Take your time - this one is a bit tricky.

Reference no: EM133531395

Questions Cloud

Explain why each is important in economics : Discuss the differences between the purposes for both types of regressions. Offer examples of models that would fall into each category and explain

Essential elements of simple contract offer-acceptance : You will need to address the essential elements of a simple contract including offer and acceptance, intention to be legally bound, and consideration.

What seems to be the purpose of these rituals : What seems to be the purpose of these Rituals? Are there similar rituals in American society? the extension of ears or mouths with large disks, training

Discuss the opportunities for an australian company : Discuss the opportunities for an Australian company specialised in developing high-tech medical equipment to expand its business to Manounya as part

How many will each family buy : If family's each individually make their decisions about how many fireworks to buy, how many will each family buy

What services are provided to law enforcement by the lab : Visit the FBI website and search for the crime laboratory. What services are provided to law enforcement by the lab?

What is z-primes stock price : the cost of equity is 13%, and next year's EPS is $8. What is Z-prime's stock price? (Do not round intermediate calculations. Round your answer to 2 decimal

How changes in their pricing affect your purchase decision : Provide an organization that is an example of each and discuss how changes in their pricing affect your purchase decisions

Discuss the differences between the three major approaches : Discuss the differences between the three major approaches surrounding collection and analysis of data, i,e., quantitative, qualitative, and mixed methods.

User Account

All Pages