We can use the cournot model to derive an equilibrium industry structure. for this purpose, we will define an equilibrium as that structure in which no firm has an incentive to leave or enter the industry. if a firm leaves the industry, it enters an alternative competitive market in which case it earns zero (economic) profit. if an additional firm enters the industry when there are already n firms in it, the new firm's profit is determined by the cournot equilibrium with n + 1 firms. for this problem, assume that each firm has the cost function: c(q) = 256 +20_q. assume further that market demand is described by: p = 100 - q. a. find the long-run equilibrium number of firms in this industry. b. what industry output, price, and firm profit levels will characterize the long-run equilibrium?
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Business, 21.06.2019 18:00
Which of the following results from outsourcing jobs from the united states to other countries? a. increasing exports out the united states. b. lower wages for u.s. workers. c. reduced immigration to the united states. d. subsidies for goods made in the united states. 2b2t
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Business, 22.06.2019 10:30
Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.
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Business, 22.06.2019 11:40
Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes
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We can use the cournot model to derive an equilibrium industry structure. for this purpose, we will...
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