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Question: Consider a coastal economy served by two (2) fishing firms. There is only one type of fish that is harvested. All firms send their boats out at the same time and they compete on quantity. Demand given by P = 200 - Q and each firm has a constant marginal cost of $20. There are no fixed costs.
a. Using the appropriate model, what will be an individual firm's quantities and profits?
b. Suppose that Firm 1 adopts a new production technology that reduces his marginal cost of production from $20 to $10. Firm 2 does not adopt the technology and continues to have a marginal cost of $20. What will be the new quantity and profit outcomes? How has the technology affected the relative position of Firm 1 and Firm 2 in the market?
When considering performance management practice for expatriate managers, what are the major factors that must be addressed?
What is the value of the sample test statistic? (Round your answer to two decimal places.) Find the P-value of the test statistic.
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The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of MQ2020, a luxury car manufactured by MQ Motors.
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The states of nature are all equally likely, and because there are a total of three states, each state has a 33.333% chance of occurring.
Average your results, and compare them with those in Table 11-2. Are there any consistent differences in the answers from your friends and those in Table 11-2?
Find the annualized implied repo rate on a T-bond arbitrage if the spot price is 112.25, the accrued interest is 1.35, the futures price is 114.75, the CF is 1.0125, the accrued interest at delivery is 0.95, and the holding period is three months.
what amount of additional government spending (without changing taxes) would be needed to reach the desired increase of GDP? 2) what change in total amount of direct taxes (without changing government spending) would be necessary to reach the same in..
Which of the following would cause a change in supply, as opposed to a change in quantity supplied, in the market for used homes? 1. an increase in the number of buyers in the market for used homes 2. An increase in the income of home buyers. 3. A de..
a. Construct the probability distribution for X. Construct the corresponding probability histogram. (How do I get probability of each one?)
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