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Question: Two firms produce a homogeneous good. The market demand is given by Q(p) = 20 - p, and the cost function is TC(q) = q. (Same for both firms.)
Suppose the two firms compete in the style of Bertrand by simultaneously choosing their prices. The prices must be whole numbers. What are the Nash equilibria price or prices for both firms?
IPS Corp. will upgrade its package-labeling machinery. It costs $150,000 to buy the machinery and have it installed. Operation and maintenance costs.
To help you connect what you're learning in class with current events, you are required to find an economics-related news article, read it, and write a short paper connecting your findings to topics we've discussed in class.
Give an example in which a decision was complicated because of difficult preference trade-offs. Give one that was complicated by uncertainty.
The firms and workers in Alpha form expectations adaptively. The firms and workers in Omega form expectations rationally. Their otherwise identical economies are initially in equilibrium at the natural level of output with 10 percent inflation.
What is a monopolistic competitive firm Given the same resources with a firm in a perfectly competitive industry, how could output and prices (of output) be different for both firms
What did pre-Keynesian believe about the market and its ability to pull itself out of a recession 9. What role do investments in human capital, physical capital, technology development, and improving institutional quality play in creating economic..
The Darkroom Window shade Company has 100,000 shares of stock outstanding. The investors in the firm own the following numbers of shares.
Explain the difference between relevant and irrelevant cost - cost functions will exhibit both decreasing and increasing marginal costs?
What price will it charge - what is the monopolist's profit at this price and this quantity and What is the profit-maximizing output level in the paint market for bathroom?
A real tension of interests between content owners and users
Discuss a principal-agent problem in your financial institution or market. A principal-agent problem is a moral hazard problem between manager and shareholder.
the mean sales for tire sales of ntb is 1100 the standard diviation is 50.a. according to chebyshevs theorem what
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