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Ashley (Brand A) and Lino (Brand L) are the leading brand names of fitness shoes. The direct demand functions facing each producer are given by
qA(pA; pB) = 180 2pA + pB and qB(pA; pB) = 120 2pB + pA
Note: The demand functions are not symmetric (i.e., they have different intercepts). Assume zero production cost (cA = cB = 0) and solve the following problems:
(a) Solve for the Nash-Bertrand equilibrium prices. Then, compute the equilibrium output levels, the equilibrium profits and aggregate industry problems:
(b) Suppose now that the two firms merge. However, they decide to keep selling the two brands separately and charge, possibly, different prices. Compute the prices pA and pB which maximize joint industry profit. Then, compute aggregate industry profit and compare it to the aggregate industry profit made under Bertrand competition which you have already computed under separate ownership.
Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years.
Are innovative product and service offerings ethically neutral? Consider Napster and the intellectual property issues associated with swapping music over the Internet as an example to begin the discussion.
Business Processes and Strategy–Process Alignment.
In the 1920’s, General Motors purchased its auto bodies from an independent firm, Fisher Body. GM decided to build a new plant and, in order to improve the reliability of supply and also to decrease shipping costs, GM asked Fisher Body to build a new..
You can ask anyone the question. What would you rather have? Inflation? Or being unemployed? The resounding answer would be from everyone that they would rather be employed with a higher inflation than no job and a higher inflation rate.
Martha has the utility function U(x, y) = min {4x,2y}. Write down her demand for x and y as functions of the variables m, px, and py, where m is income, px is the price of x, and py is the price of y.
Illustrate what can be said about the utilization of resources when 20 airplanes and 20 buses are produced. What is the opportunity cost of increasing the production of airplanes from 50 to 60? From 0 to 10 airplanes.
In an open economy, if only the demand for consumption and imports are dependent on income and the marginal propensity to consume is the same as the marginal propensity to import, the multiplier will be:
Now allow Foreign and Home to trade with each other, at zero transportation cost. Find out and draw a graph of equilibrium under free trade.
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case?
q.dominos pizza is considering incoming to the marketplace in your community. conduct research regarding demand
Two firms compete under Cournot competition with constant marginal costs c1 = 2 and c2 =6. The market demand is p=24-q. Compute the market share of each firm, the market price, and the total quantity produced in the market. Compute the Lerner index.
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