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In the Stackelberg model of oligopoly, the leader firm:
A) sets the price in the market which the follower firms take as given.
B) produces a larger quantity than follower firms and enhances its profits.
C) chooses output and prices irrespective of the other firms in the market.
D) produces a level of output which is equal to that of the follower firms.
It is $16 trillion today. Does this mean that the average American is twice as well off today than in 1996? Why or why not?
Someone consumes only coke and pretzles and always consumes 4 pretzels with each cup of coke. 1) What is the cross price elasticity of demand with respect to a change in the price of pretzels? Simplify to a function of price of coke and pretzels 2) W..
A Japanese car maker plans to expand its production in the United States. The company borrowed $137,702,482 for this expansion at an interest rate of 8% per year. The loan will be repaid in equal payments at the end of each year over a 15-year period..
What is the probability that more than 200 cars will require service work in a particular month? What is the probability that fewer than 175 cars will need service work in a given month?
Device A costs $100000 initially, whereas devise B costs $140000. Maintenenance will be $4500 for devise A and $2750 for devise B in the first year. These maintenance costs will increase 12% per year.
If the firm's MARR is increased to 25%, what would be the required savings in leasing so that the project would remain profitable.
If deposits of $5,000 are to be made semi annually for ten years in an account earning 8% compounded continuously what lump sum would have accrued 15 years from now? Show all your work
Why is monitoring and controlling the project cost important for the success of the project.
Using the Lagrangean multiplier approach calculate the optimal (i.e., service maximizing) combination of medical and social staff. Determine the optimal amount of service provided by BF.
Suppose the firm is operation in a high-way country, where capital cost is $100 per unit per day and labor cost is $80 per workers per day. which technology is cheapest for each level of output.
Think of a strategy pursued by the company your work for or another company. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable in the ..
Assume the demand function for scooters is given by QD = 20,000 – 10P + 0.2I, where P = price of a scooter, and I = average income of consumers. Also, assume the supply function of scooters is given by QS = 20 P. If the market for scooters is perfect..
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