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!
Consider two firms facing the market demand curve P = 100 - Q, where P is in $/unit, Q is total output, Q = Q1 + Q2, Q1 is the output of firm-1 and Q2 is the output of firm-2. Both firms have identical cost functions. Marginal cost of production is $10.
a. Suppose (as in the Cournot model) that each firm chooses its profit-maximizing level of output on the assumption that its competitor's output is fixed.
I. Find each firm's "reaction function".
III. What will industry output and price be at equilibrium in this model?
b. If firm-1 operates like a Stackelberg leader, what output would it produce in this case?
c. If firm-2 is the Stackelberg follower, how much output will it produce?
d. What will industry output and price be at equilibrium in the case of Stackelberg model?
How many units of phosphorus will these two firms emit if the phosphorus emissions are left unregulated? What is the socially optimal level of phosphorus emissions in the river?
Describe how the market for corn would be influenced if ethanol, a corn derivative was used to fuel cars in US. How would market be influenced if a new technology caused corn farming to be more efficient?
Describe how each of following will affect consumption and saving schedules as they relate to GDP or the investment schedule, other things equal,
Toys Corporation has estimated its demand and cost function what will be theprice and quantity if Toys would like maximize profits
The manager of a public utility supplying electricity to a significant portion of a geographic region presides over an electrical generation facilities that can make electricity using either natural gas or oil,
Write down the difference between Equilibrium price and Equilibrium quantity. What role does elasticity place?
Oligopoly, Monopolistic Competition,and the Factors of Production - Cooperation between the two prisoners in the prisoners' dilemmagame is difficult to maintain
In a short run condition in which quantity demanded equals quantity supplied in a competitive industry, with value greater than the average cost of the typical company,
You're an entrepreneur and you've opened a restaurant in a nice area of town. Describe at least two long run decisions which you require to make about the business.
Describe why a change in a firm's total fixed cost of production will shift its average total cost curve, but not its marginal cost curve.
State Khinchine's weak law of large numbers and provide a proof of this result. Discuss conditions under which a law of large numbers exists for a sample of independent but heterogeneously distributed random variables.
In the early 1980's just as serious health effects were being noted regarding sugar consumption, Kellogg's changed the name of Sugar Pops to Corn Pops (the sugar content didn't change) and the name of Sugar Flakes to Frosted Flakes (still sugar co..
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