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Explain whether each of the following scenarios best reflects features of Sweezy, Cournot, Stackelberg, or Bertrand duopoly:
a. Neither manager expects her own output decision to impact the other manager’s output decision.
b. Each manager charges a price that is a best response to the price charged by the rival.
c. The manager of one firm gets to observe the output of the rival firm before making its own output decision.
d. The managers perceive that rivals will match price reductions but not price increases.
Illustrate what implicit assumptions is the publisher also the analyst making about price elasticity.
q.units of labor marginal revenueproduct0 na1 302 243 184 155 126 10assume a firm is a monopsonist that can hire its
If average worker produces $70,000 of GDP, by how much will GDP increase if re are 140 million labour force participants and unemployment rate drops from 5.2 to 4.5 percent.
Neal Rubin, while driving his car in Chicago, inadvertently blocked the path of a Yellow Cab Co. taxi driven by Robert Ball, causing the taxi to swerve and hit Rubin’s car. Angered by Rubin’s driving, Ball got out of his cab and hit Rubin on the head..
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket.
q. suppose in the short run a perfectly competitive firm has variable cost 3q2 and mc 6q where q is the quantity of
Herbert spends all $50 of his pay check on food and shelter which each cost $5 per unit. What is the equation of his budget line?
if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now?
how much are households paid for providing entrepreneurial ability.
Did the economic recession we've experienced recently affect your organization
If ABC adds an assembly line for the product and XYZ does not follow with a competitive product.
Elucidate the meaning of value added and its importance in the income approach. Consider the following data for the selling price at each stage in the production of a five-pound bag of flour sold by your local grocer. Calculate the final market va..
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