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Question: Cournot duopolists face the inverse demand function p = 200 - 0.5X, where p is selling price and X is the total output of both firms. Long-run marginal costs are a constant 50 for both firms.
(a) Along the lines suggested in Box 17.1 construct the payoff matrix if the two firms ‘stick to a cartel' and ‘cheat on a cartel'. Confirm that the payoffs involved define a prisoners' dilemma game.
(b) If both firms adopt a tit-for-tat strategy, what is the maximum discount rate that is consistent with cartel stability?
Solve the If Then statement problem. If the Bible is the Word of God personally delivered by God to all of humanity, then...(fill in the blank).
According to Salary Wizard, the average base salary fora brand manager in Houston, Texas. is 588.592 and the average base salary for a brand manager in Los.
Find the expressions (in terms of a and b) for cosine theta and tangent theta.
The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes.
Uncantrallability of Observers. Let S1 be a linear time-invariant system with input u(t) and output y(t). An observer S2 is connected appropriately to S1.
Which syrup type do you recommend to be increased? Why - Suppose that the daily amount of syrup 1 is increased to 280 gallons. How much will this change contribute to the optimal profit?
Find the equation of the tangent plane to the surface and find all critical points of the function - calculate the double integral by transferring to polar coordinates
A pure monopolist produces two commodities regulated by the public utilities commission, which imposes a ceiling on the price of one commodity.
Consider a sequence of three machines each with exponentially distributed processing times. The mean processing rates for these three machines are 1, 2, and 3.
Consider the following tree solution for a minimum cost network flow problem: For what values of µ is this tree solution optimal? What are the entering?
Miller Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 14 percent, and its cost of debt is 5 percent. If the tax rate is 38 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answ..
Evaluate the optimized cost function for the following second-order, linear-quadratic problem.
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