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The inverse market demand curve for paper is given by P=400-2Q. There are two firms who produce fax paper. Each firm has unit cost of production equal to c=40, and they compete in the market quan-tities. That is, they can choose any quantity to produce, and they make the quantity choices simulta-neously. a. Show how to derive the Cournot Nash equilibrium to this game. What are the firm's profits in equilibrium? b. What is the monopoly output, that is the one that maximizes total industry profit? Why isn't pro-ducing one half the monopoly output a Nash equilibrium outcome? Explain and show why c. Suppose now that firm 1 has a cost advantage. Its unit cost is constant and equal to c=25 whereas firm 2 has the higher unit cost of c=40. What is the Cournot outcome now? What are the firm's profits?
The question is that if two firms in the Cornout market merge into one firm, what would the merger result in? how much of marginal cost would prevail in the market, etc are answered in a detailed in manner in the solution.
To take advantage of high prices for snow shovels during a very snowy winter, Alexander Shovels, Inc., decides to increase output and the success of Red Bull leads more firms to begin producing energy drinks.
Show how one can derive the change in market value of equity as a function of adjusted duration gap, asset size and interest rate shock.
Consumer Sovereignty & Dollar Votes guide the market system in dealing with which fundamental question a) What will be produced b) How is the output to be produced c) How can the system accomodate change d) Why is to recieve the output
based on grossly distorted picture how useful do you think gdp is as an economic indicator? what are its limitations as
Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition. What is the goal of creating a brand name for each
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
utility if a function of income (I), given by: \(U = 101\) as long as I is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with ce..
mampo construction has the production function q6l36k. the price of capital r30.a what would the price of labour w have
What is the Underground Economy? What effect, if any, does the Underground Economy have on the entire economy? Is it positive, negative, or has no effect?
store-front web sites make money like many traditional business by selling products or services for a pre determined
The market environment heavily effects corporate decision making ability. Define and explain the difference in executive decisions concerning pricing, product design,
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