Business, 30.11.2019 07:31 pwolfiimp4
Consider a two-firm oligopoly facing a market inverse demand curve of p = 100 – 2(q1 + q2), where q1 is the output of firm 1 and q2 is the output of firm 2. firm 1's marginal cost is constant at $12, while firm 2's marginal cost is constant at $20. in cournot equilibrium, how much output does each firm produce?
1. q1 = 14; q2 = 11
2. q1 = 16; q2 = 12
3. q1 = 18; q2 = 8
Answers: 2
Business, 21.06.2019 18:30
As the marginal propensity to consume (mpc) increases, the multiplier remains the same. increases. decreases. as the marginal propensity to save (mps) increases, the multiplier decreases. increases. remains the same. if the marginal propensity to consume is 0.30, what is the multiplier, assuming there are no taxes or imports? round to the tenths place. given the multiplier that you calculated, by how much will gross domestic product (gdp) increase when there is a $1,000 increase in government spending? $
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Business, 22.06.2019 14:00
Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.
Answers: 1
Business, 22.06.2019 19:00
Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is
Answers: 2
Business, 23.06.2019 02:00
When making a major purchase, i often spend months to learn all the issues?
Answers: 3
Consider a two-firm oligopoly facing a market inverse demand curve of p = 100 – 2(q1 + q2), where q1...
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