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The inverse market demand in a homogeneous-product Cournot duopoly is p=200-3(Q1+Q2) and costs are C1(Q1)=26Q1 and C2(Q2)=32Q2.
Determine th reaction function for each firm.
FIrm 1 Q1=
Firm2 Q2=
Calculate each firm's equailibrium output.
Firm 1
Firm 2
Calculate the equilibrium market price.
Calculate the profit each firm earns in equilibrium
Firm1
Firm2
What are the pros and corns of a market economy in comparison with a command economy.
Determine the main differences between re-engineering and continuous Improvement as Quality Management Philosophies?
Explain how might I have reallocated my spending so as to maximize my total satisfaction from pizza and coffee.
Elucidate how the following factors will influence India's ability to compete in a highly competitive, rapidly changing global market place.
make sure to comprise explicit benefits that can be realized by consumers as a consequence of the enforcement of this legislation.
Economists also businesses almost always compare costs and benefits in their decision making.
what do they need to set the monetary base to? What does this mean? How will the Fed do this?
In the context of the IS-LM model, what is the effect of each of the following on equilibrium output and the real interest rate? Explain why these effects occur and show graphically.
The government of a large United State city recently established a living wage law that starting January 1 of next year, will require all businesses operating within city limits to pay their workers a wage no lower than $8.50 per hour.
Suppose that the United States is in the midst of a recession and a new president has just inherited an already large public debt.
Illustrtae what should the arbitrageur do. Suppose that the cost of storing gold is zero and that gold provides no income.
What is the marginal opportunity cost of services in each country? Who has the comparative advantage in factory-stuff?
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