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Suppose duopolists in the market for spring water share a market demand curve given by P = 50 - 0.02Q, where P is the price per gallon and Q is thousands of gallons of water per day. The marginal cost of producing water is assumed to be zero (0) for both firms. If firm A produces zero gallons of water per day, firm B's best response is producing: Optimal output for Cournot duopolists moving simultaneously is If one firm acts as a first mover, the second firm will produce
Porter’s five forces of competition are as follows. Give an example of an industry where profitability is low (besides the airline industry). Apply the 5 forces to your chosen industry and demonstrate how those forces can lower profitability.
What experience do you have with assessments? Which form of assessments do you consider most helpful in evaluating the learning status of learners?
q. a county is considering using a piece of park land for one of two alternative recreation projects. project s would
The mean score for all NBA games during a particular season was more than 101 points per game. Write the null and alternative Hypothesis statements
Touchie MacFeelie's production function is 0.1J1/2L3/4 where J is the number of old jokes used and L is the number of hours of cartoonist's labour. He is stuck with 900 old jokes for which he paid $6 each. If the wage rate for cartoonists is $5 per h..
Suppose that a car stalls on the railroad tracks because its carburetor is badly maintained. A train collides with the car because the train’s brakes are badly maintained. What is the proximate cause of the accident? Who had the “last clear chance” t..
What is the standard deviation of the stock's returns for the five-year period?
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
1. List and illustrate the advantages and disadvantages of electronic health care records
A downward sloping demand curve tells us
A perfectly competitive producer has the following short-run average cost curve and marginal cost curve:
Increasing marginal volume for cost payers makes economic sense if:
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