Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Assume a duopoly and let demand be given by P=A-BQ. In addition, let both firms have the same marginal cost c. The interaction between the two firms will be repeated infinitely. Both firms play a grim trigger strategy: they collude and play the cooperative action upon which the firms have agreed (monopoly) as long as both firms always stick to the agreement. However, if any firm should deviate from the agreement then they will revert to the Nash equilibrium forever.a) if firms collude, what is the profit of each firm?b) 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?c) what condition must the discount factor satisfy for collusion to be sustained if the firms compete in quantities?d) what condition must the discount factor satisfy for collusion toe be sustained if the firms compete in prices?
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
Consider a couple's decision about how many children to have.Assume that over a lifetime a couple has 200000 hours of time either work or raise children.The wage is RM10 per hour.Raising a child takes 20000 hours of time.
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
For each level of output except zero output, calculate the average variable cost, average total cost and average fixed cost.
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
The equilibrium quantity increase or decrease depends on Demand
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd