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Consider an energy market with exactly two producers, i = 1; 2 who decide individually their nonnegative, production levels qi based on a production cost function ci(qi), and production capacities qmaxi > 0. In addition, the market price x is determined by market-clearing conditions balancing supply and demand where the demand function is given by D(x) = a - bx where a; b are two positive constants.
a. Assume that these producers have no market power. Write down their two prof-maximization problems and the market-clearing conditions that determine x.
b. Under what conditions will the resulting Karush-Kuhn-Tucker conditions for these two producer optimization problems be necessary and/or sufficient? Provide mathematical justication.
Compare and contrast the different methods available for collecting survey data and include examples that are different from what is used in the textbook.
We begin by looking at a simple 2*2 factorial with 5 replications in a CRD (completely randomized design). Let the following table denote mean yields, Yij MAIN EFFECT OF P, MAIN EFFECT OF N What we see is that the difference between low P and high P ..
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Throughout the unit you have been completing weekly hands-on tasks to gain insight into what T&E lessons might entail. These activities have generally been pitched to you at an 'adult' level, so for this task you will consider how to modify one of th..
In europe during the 1920s and 1930s extreme nationalism, belief in force of leadership, high unemployment, and fear of communist contributed to what?
explaining why some adolescents are motivated to commit crimes while others in similar circumstances are not. Support your explanation by applying at least two of the following individual theories of delinquency:
Something the ethical concept will be able to perform is actually discover a way to solve conflicts individuals may have on the particular concern.
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