User Account

All Pages

Show that a single-product firm would never have incentive

Assignment Help Microeconomics
Reference no: EM13874389

Show that under the VF mechanism, a single-product firm would never have an incentive to waste once it reaches the Ramsey price. Use a similar analysis to demonstrate that once the VF mechanism has been implemented, the firm will never have an incentive not to minimize its costs.

Reference no: EM13874389

Questions Cloud

According to the keynesian model : Answer the question in short-answer format. Write your response in complete sentences. Your answers to each question should include 2-3 paragraphs (200-250 words)! No more than 250-300 words!Be sure to carefully read the question to ensure that each ..
Find the optimal capacity peak price and off-peak price : Suppose that A = 50 and β = 4. Find the optimal capacity, peak price, and off-peak price. (b) Suppose that A = 90 and β = 8. Find the optimal capacity, peak price, and off-peak price.
Economic interpretation of the shadow price associated : Supplies at least 50 units of calcium, 90 units of protein, and 66 calories at minimum cost.a. Formulate, graph, and solve this decision problem. What is the minimum cost of meeting the nutrient requirements?(9) b. Calculate and provide an economic i..
Description-visit to a sunday baptist church service in us : Write a 2 pages description of your visit to a Sunday Baptist Church Service in United States. Describe what you see, hear, feel, smell, and taste. In other words use your five senses.
Show that a single-product firm would never have incentive : Show that under the VF mechanism, a single-product firm would never have an incentive to waste once it reaches the Ramsey price.
Smythe company decides to sell division : During December 2010, Smythe Company decides to sell Division F (a component of the company). On December 31, 2010, the company classifies Division F as held for sale.
What the value of phone sales for london in first quarter : What was the value of Phone sales for London in the first quarter? What percent of the total annual sales were Tokyo Web sales in the fourth quarter? What percent of Sydney's annual sales was its Phone sales
Prepare the results from discontinued operations section : On November 30, 2010, Feiner Company announced its plans to discontinue the operations of Division P (a component of the company) by selling the division.
Find conditions under which single-product firm implemented : Find the conditions under which a single-product firm with constant average costs that knows that the VF mechanism will be implemented in period two will waste in the first period.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain current global economic conditions and effect on

explain current global economic conditions and their effect on local macroeconomic indicators for the good or

  Calculate arc elasticity at the interval

Calculate arc elasticity at the interval between P = 5 and P = 6.

  Present value of total revenue at an interest rate

A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $108,937 million in the first year, but will decline by $2,295 million every year for th..

  Why as output increases total cost eventually rises faster

Briefly explain why as output increases total cost eventually rises faster than total revenue for a perfectly competitive firm.

  Find the equation of the best response function

Calculate the output of each firm, the market price and the profits of each firm that correspond to the Nash-Cournot equilibrium. Calculate the output of each firm, the market price and the profits of each firm that correspond to the Perfect Nash-S..

  This document shows the uses supply and demand model to

this document shows the uses supply and demand model to explain the evolution of the price of gold and silver. document

  Suppose that the most popular car dealer in your area sells

suppose that the most popular car dealer in your area sells 10 percent of all vehicles. if all other car dealers sell

  What value is the equilibrium level of income

Suppose desired investment for the economy represented in the table above is $200 billion. Plot the consumption and investment function. What value is the equilibrium level of income What is the marginal propensity to consume

  Describe the current global economic conditions

Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service.

  Explain ideologies of two different political systems

describe the ideologies of two different political systems. select two different countries of your choice for a

  Efficacy of general plans and zoning

Summarize the history of land use planning in the United State as presented by Tyler and Ward and discussed in class. How has land use planning evolved? What was its initial purpose/function in the early 20th century and how did this change over t..

  Concept of economic growth vs development

Discuss the three pillars of the sustainable business and contrast these with “conventional” paradigms. Be sure to include the concept of economic growth vs. development.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd