Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In a Cournot game with homogeneous commodities, players are ?rms who simultaneously announce quantities they want to produce. Suppose there are two ?rms, 1 and 2, whose chosen quantities are q1 and q2 respectively. The market price is given by P = 31 - 3Q where Q = q1 + q2. The constant marginal cost of each ?rm is 4.
a) What is the best response function for each ?rm?
b) What is the best response quantity for each ?rm to produce?
c) What is the market price?
d) What is the pro?t for each ?rm?
Most U.S. and some European airlines now impose additional charges for everything but a seat on the flight. Specific seat selection, baggage, beverages, and nearly every amenity that was once included in the ticket price is now a source of “ancillary..
If consumers are rational, they will attempt to equate the "bang for the buck" of various items that contribute to their satisfaction within the constraints of some budget. Equate the ration of ( price / marginal utility ) for each item in their budg..
From the simple theory of profit maximization in oil production, it can be shown that the price (P) is related to marginal revenue (MR) through price elasticity of demand (E). Assume that the demand curve is linear and continuous, Revenue = PQ and th..
Discuss the different types of graphics and formatting that can be added to a Microsoft Word document (i.e. photos found online, clip art, tables, charts
Elaborate on how you will develop and implement the process to convince management of its promising benefits and operational effectiveness.
Two countries, Haiti and the Dominican Republic, produce fruits and timber. Each island has a labor force of 1200 and the monthly productivity of each worker is as follow Basket of fruit Board feet of timber Haiti 10 5 Dominican Republic 30 10 a. Whi..
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. Determine if the firm's mix ..
The larger the positive cross elasticity coefficient of demand between products A and B, the: We would expect the cross elasticity of demand between Skippy and Jif peanut butter to be:
What is the short-run condition for the monopolist. In the following table are demand and cost data for a pure monopolist. What output will the monopolist produce? What total profit ill the monopolist receive at the profit-maximizing level of output?
Use of the term "behavioural economics" has been criticized on two accounts: redundancyand ambiguity. Briefly explain these two criticisms and determine whether they have anybearing on the merit of this line of economic study.
Assume that the train ticket price is $100 and 1000 passengers use train per day. 2000 passengers use buses and 5000 passengers use their own car. What can you say about the elasticity and cross price elasticity of these three transportation modes? W..
Do unexpected monopolistic profits serve any useful function in a market economy? Could additional oil revenue be used to explore and develop new fields?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd