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The inverse demand curve for a Stackelberg duopoly is P =1847 - 2Q. The leader's cost structure is CL(QL) = 10QL. The follower's cost structure is CF(QF) = 21QF. Find the follower revenue
Suppose firm 1 and firm 2 each produce the same product and face a market demand curve described by Q= 5000 - 200P. Firm 1 has a unit cost of production c1 equal to 6 whereas firm 2 has a higher unit cost of production c2 equal to 10. what is the Ber..
Suppose real GDP is growing 3 percent, the money supply is growing at 10 percent, the velocity of money is constant, and the real interest rate is 5 percent. What is the current inflation rate and nominal interest rate?
What legal and political influences can affect the decisions of judges? How does the judiciary play a part in policymaking?
List their yearly sales and extent of operation, what are some of their incentives to consolidate, list and describe the firms in the industry, explain the product,
Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.
What kind of unemployment do many commentators propose is dominant following the Great Recesison? Explain what’s going on here.
q.suppose that social statistical data on two macro indicators were just released in the us. the price growth for past
Moral Hazard. A worker can choose either high or low level of effort. The cost of high level is 1, the low level does not cost anything. If the agent chooses the high (low) level, principal gets π with probability pH (pL) and zero otherwise. Find the..
Calico Computing is a firm that sells software integration and infrastructure packages to schools and universities. Georgia Redding is an inside sales representative with Calico Computing. As an inside sales representative, her sales presentations ar..
When a perfectly competitive firm is producing at its profit maximizing level of output, its MR is equal to price and its MC while it may or may not be making an economic profit. The price a profit maximizing monopoly charges is always greater than i..
Suppose a second firm enters the market, producing the same product. The total quantity supplied in the market is now the sum of the two producers, a Cournot Duopoly. Determine the equations for each firm’s Total Revenue, TR and for each firm’s Margi..
Taylor, a securities lawyer for a major Wall Street law firm, worked on numerous successful takeover bids of companies listed on the New York Stock Exchange. Rogers and Price defend that they were merely acting on stock market tips received from a pe..
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