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Suppose firm 1 and firm 2 each produce the same product and face a market demand curve described by
Q= 5000 - 200P. Firm 1 has a unit cost of production c1 equal to 6 whereas firm 2 has a higher unit cost of production c2 equal to 10
a. what is the Bertand-Nash equilibrium outcome? what are the profits of each firm? Is this outcome efficient?
The wage in Mexico is $5. The wage in the U.S. is $20. Provide current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
The difference between a monopsonist and a monopolist is that. In a perfectly competitive output market, the value of the marginal product of a resource is
Jerry bought a house for $400,000 and made an $80,000 down payment. He obtained a 30-year loan for the remaining amount. Payments were made monthly. the nominal annual interest rate was 6% after 10 years (120 payments) he sold the house and paid the ..
Why is the financial system of a country important for long-run economic growth? Firms care about their after tax return on investment projects. Consider the following data for closed economy
Mirk Labs is a pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada, and the United States on Zatab, an allergy medication. The global demand for Zatab is: Qd = 15.0, 0.2P where Qd is annual quantity demanded (in millions..
Give two distinct reasons why studies might show that physicians firm might use too few nurses and other aides relative to profit maximizing amount of those two types of input.
How do the issues relating to the cases or regulations help to reduce market power and maintain competitive markets?
The vast majority of us engage in bailments often, and usually we don't think about it too much. Now that you've looked at bailments, tell the class (in general terms... no need for names of people or companies) about a bailment you have been party t..
Loadstar Sensors is a company that makes load force sensors based on capacitive sensing technology. The company wants to have $47 million for a plant expansion 6 years from now.
Describe the four successful round of venture financing (Through D) achieved by spatial Technology in terms of sources also amounts.
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
Vera source Microprocessor Corporation (VMC) sells 2000 specialized computer processing chips each month at a price of $1,500 each. Variable costs amount to $1,500,000, and fixed costs are $500,000. Currently the company has a defect rate of 8 percen..
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