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ABC and XYZ are the only two firms selling gizmos in Europe. The following table shows the profit (in millions of euros) that each firm earns at different prices (in euros per unit). ABC's profit is the left number in each cell; XYZ's profit is the right number.
Is there a unique Nash equilibrium in this game? If so, what is it? If not, why not? Explain clearly how you arrive at your answer
a competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.
Each month, a gas station sells 4,000 gallons of gasoline. Each time the parent company refills the station's tanks, it charges the station $50 plus 70¢, per gallon. The annual cost of holding a gallon of gasoline is 30¢.
Why are expectations concerning changes in the exchange rate important? How do relative rates of inflation affect those expectations?
Inflation affects creditors and debtors. Suppose the Canadian debtors borrowed $100 from the Canadian creditors on December 31, 1992 and promised to pay back $105 on December 31, 1993.
Laura desired to make a multiple regression model based on advertising expenditures and coffee times price index. Based on her selection of all normal values she obtained the following:
Suppose demand for widgets is given by the equation P=20-0.5Q. Originally, the price of the good is $10 per unit. When a tax of $2 per unit is imposed, the price of the good rises to $12 per unit. How much total tax revenue is raised by the tax
Discuss why each regression specification appears to be unsatisfactory. Explain why it was not possible to perform a common factor test.
assume the demand function and the supply functions for 24-can beer case in houston are demand qd 1000 ? 50p demand qs
Mapleville Tennis & Golf Club offers golf and tennis memberships to the residents of Mapleville. Market research has found there are two types of families living in the city: 120 golf-oriented families and 100 tennis-oriented families.
Explain how theThree Basic Questionswould be answered
A $50,000 loan with nominal interest rate of 6% compounded monthly is to be repaid over 30 years with the payments of $299.77. The borrower wants to know how many payments he will have to make until he owes only half of the amount he borrowed init..
Test the overall significance of the model at the 5% significance level and comment on your results. Follow all the test steps in hypothesis testing
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