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Q. Consider ?the ?following ?market ?for ?a ?single ?good ?X ?with? two? firms ?that compete ?via? price? (Bertrand).?You? are ?given ?that ?P?=?30-3Q.
a) ?Suppose ?initially ?that ?both ?firms ?have ?unlimited? capacities ?and? marginal? cost? of? 3.?What ?is? the? resulting? equilibrium? price? and ?total?quantity? in? the ?market? ??Prove ?your? answer.
b) ?Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.? What? is? the? resulting ?equilibrium ?price?and? quantity? for? each? firm ?and? for ?the? market? as ?a? whole??Prove ?your ?result.
If today's production of capital goods exceeds the depreciation of capital.
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Suppose the firms compete in quantities. If firm 1 deviates from collusion in one period, what is the profit of firm 1 in that period in subsequent periods.
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
Suppose you work in a financial institution, how you would advise your clients.
A physician's office expenses increase 10 percent so she decides to raise the price of office visits by that much. Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice reven..
When Betsy goes to make her list for tomorrow she is upset that she didn't get everything done. In a well-written paragraph explain the economics behind her inability.
Calculate the price elasticity of demand for Newton's Donuts
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
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