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!
Two firms, A and B, compete à la Bertrand when selling a homogeneous good whose demand equals P = 400 − Q. Each firm’s constant marginal and average cost of producing the good equals 60. Suppose that it is possible for firm A to costly develop a new technology that lowers both the marginal and average cost to 40. If there isn’t a patent system, firm A can do costly research to find the new technology, but will see its invention copied immediately after discovery (a process called "reverse engineering"). With a patent system, this is rendered illegal.
a. What is the equilibrium without a patent system?
b. And with a patent system? Note that the equilibrium depends on the cost of developing the new technology. So, you need to state the equilibrium for all potential values of the cost of developing the new technology. In particular, you should assume that the cost of developing the new technology can be any positive value.
c. Is the patent system socially desirable?
The purchase of copy paper by Intel for the company staff. The purchase of an electronic handheld organizer by a sales manager to keep track of clients. The purchase of a new aircraft carrier by the Navy
Policy related to the government expenditure and taxes is called---- and the policy related to money supply and interest is called---- whose recent attempt is mainly focused for----
Suppose that inflation is 2 percent, the Federal funds rate is 4 percent, and real GDP falls 2 percent below potential GDP. According to the Taylor rule, in what direction and by how much should the Fed change the real Federal funds rate?
Assume that the economy can experience high growth, normal growth, slow down or severe recession. Under these conditions you expect the following stock market returns for the coming year:
How would equal educational achievement and equal income.
What is the difference between a solicited proposal and an unsolicited proposal?
Explain how did mortgage-backed securities spread losses during the mortgage default crisis.
Suppose that the return on short-term government securities (perceived to be risk-free) is 5%. Suppose also that the expected return required by the market for a portfolio with a beta of 1.6 is 18%. According to the capital asset pricing model (CAPM)..
In certain industries, firms buy their most important inputs in markets that are close to perfectly competitive and sell their output in imperfectly competitive markets. Cite as many examples as you can of these types of businesses.
When full employment is reached the aggregate supply curve will (as we move to the right along the curve):
Jill plants flowers in her yard to supply a local florist. Her neighbor enjoys the flowers. Therefore: Question 3 options: Jill should stop planting flowers because her neighbor does not pay for the benefit he gets. Jill should not plant flowers beca..
Political business cycle: Do economic events affect presidential elections? To test this so-called political business cycle theory, Gary Smith20 obtained the fol- lowing regression results based on the U.S. presidential elections for the four yearly ..
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