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In the market:
P=150-Q,
where Q=q1+q2.
The firms cost functions are given by the following functional form: C(qi)=ciqi, where i=1,2. Under this functional form, the firms marginal cost equals its average cost. This functional form is chosen for its mathematical convenience, it is not an assumption of the model. The same can be said about the use of the linear demand function.
2) Assume that c1=c2=$30.
a) Derive firm ones and firm twos best-response functions.
b) Illustrate and solve for the output levels that constitute the Nash equilibrium.
c) Discuss and explain whether the three output levels discussed in questions 1a- 1c are part of the Nash equilibrium.
d) Solve for the market price at the Cournot-Nash equilibrium. Solve for firm-one and firm-two profits at the Cournot-Nash equilibrium.
Consider an economy described by the following equations: Y= C+I+G, Y= 5,000, G= 1,000, T= 1,000, C= 250 + 0.75(Y-T), I= 1,000 -50r. In this economy, compute private saving, public saving, and national saving.
An unregulated natural monopoly can lead to all of the following except
The long-run and short-run aggregate supply curves reflect fundamental differences between long-run and short-run macroeconomic analysis. Graphically illustrate the long-run and short-run aggregate supply curves. Be sure to label the axes.
these cuts are not discriminate theory, re is nothing EU can or should do about m. So why are some old EU members so upset about East European taxes.
What appears to be major constraint that central banks used to determine limits of monetary injections into economy. Did United States use same or different criteria.
The Delphi method used for forecasting:
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
A profitable company making earthmoving equipment is considering an investment of $150,000 on equipment that will have a 5 year useful life and a $50,000 salvage value. Use a spreadsheet function to compute the MACRS depreciation schedule.
What is the significancee of this opportunity cost to the search for better technology to reduce pollution?
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
The publisher of a new book figures fixed cost at $92,000 and variable cost at $2.10 for each book produced. If the book is sold to distributors for $15 each, how many must be sold for the publisher to break even?
Elucidate what would be according to your opinion the right mix of monetary and fiscal policies for years 2011-2012. Elucidate what would be according to your opinion the appropriate structure of your investment portfolio.
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