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Q. The inverse market demand for mineral water is: P=200-10Q, where Q is the total market output and P stands for price of market. Two firms A and B have complete control of the supply of mineral water and both have zero costs.Find a Cournot Solutionfind an identical output for each firm that maximizes joint profits.
Continuing with the previous problem suppose that each firm can choose only two outputs - the ones from parts a and b in question 2. Denote these outputs qa and qb. Compute the payoff/profit matrix showing the four possible outcomes
Demonstrate by example about production which exhibits constant returns to scale.
What are some methods for improving the financing of the U.S. health care system. Are these methods realistic and achievable? Justify your answer with solid reasoning and appropriate references.
The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall.
Use the 2007 numbers in the first column to compute, for each of the four countries, the percentage gap between the steady-state ratio.
To determine which of the output levels represents a macroeconomic equilibrium.
Assuming fuel is one of the main inputs for many sectors. When a war breaks out in Country X, which is the main producer for fuel in the world, it causes fuel supply disruptions in the world.
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
Dependency theory characterizes countries as being either in the center or on the periphery
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
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