User Account

All Pages

Nash-bertr and equilibrium

Assignment Help Business Economics
Reference no: EM133081868

Firms A and B both produce an identical product, steel. The marginal cost of producing steel is $501/tonne for A and $490/tonne for B. The fixed production costs are zero for both firms. Industry demand is given by Q = 400 - 0.2P. Assume that price must be an integer (e.g., 405, 406, etc). In the Nash-Bertrand equilibrium, profits earned by Firm B is equal to _______.

Reference no: EM133081868

Questions Cloud

Impacts of surface and underground mining : Describe the major impacts of surface and underground mining, and describing how they can be lessened.
Characteristics of agglomerations : Agglomeration Economies are an enduring feature of the urban landscape. It was once thought that technology change would weaken agglomerations, actually, the op
Renewable energy production center : You are tasked with explaining to the Planning Commission the definition and technical aspects of the employment multiplier concept. Note that an "employment mu
Find permanent improvement in technology : 1. Draw a well-labeled graph that illustrates the steady state of the Solow model with population growth. Use the graph to ?nd what happens to steady-state capi
Nash-bertr and equilibrium : Firms A and B both produce an identical product, steel. The marginal cost of producing steel is $501/tonne for A and $490/tonne for B. The fixed production cost
Briefly explain what is meant by standing : One important issue that does not receive much explicit discussion in benefit cost analyses is that of standing.
Incentives for battery electric vehicles : List economic theories which underpin the impact of car specifications, prices, and incentives for battery electric vehicles.
Explain four of the six problems common to oil states : List and explain four of the six problems common to oil states.
Innovations implemented by the new ceo failed : What are the reasons that the innovations implemented by the new CEO failed

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 state two economic principles of taxation and which

q1. state two economic principles of taxation and which principle best justifies the excise tax on gasoline when the

  Who is responsible for setting the tone of corporate culture

What is corporate culture, and who is responsible for setting the tone of a corporate culture? List and describe the five functions critical to managerial effectiveness according to Henri Fayol’s school of thought. According to the Hawthorne effect, ..

  Q suppose the point of tangency that characterizes long-run

q. suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs

  Illustrate what is the source of ikea success today

Illustrate what is the source of IKEA's success today. Can you see any weaknesses in the company. What might it do to correct these.

  Explain the different approaches to the trade cycle

List and explain the different approaches to the trade cycle. Which one do you find more helpful explaining the trade cycle? Why?

  Explain the difference between the bank officer

Explain the difference between the bank officer's and the market perception of the value of the bank's shares . Identify key factors for each positions.

  What happens to canadian net capital outflows

Suppose the Europeans suddenly become very interested in investing in Canada. a. What happens to Canadian net capital outflows?

  Pick any one person and give examples of their activities

Pick any one person and give examples of their activities that are in line with Smith's conclusion.

  Pertinent company or industry information

Prepare a 10- to 12-slide PowerPoint® presentation with Speaker Notes.

  Calculate the equilibrium price and quantity in this market

The market supply and demand functions for a product traded on a perfectly competitive market are given below: QD = 40 – P QS = -5 + 4P Based on this information, Calculate the equilibrium price and quantity in this market.

  Consider market with one large firm and many small firms

Consider a market with one large firm and many small firms. The supply curve of the small firms taken together is S(p) = 100 + p. The market demand curve for the product is D(p) = 200 − p. The cost function for the large firm is c(y) = 25y. Suppose t..

  Use media contrary to normal industry practice

Occasionally, companies will use media contrary to normal industry practice. For example, a B-to-B product might be advertised on network TV and a frequently purchased product would use no TV advertising. Discuss about the conditions under which this..

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd