Assume an oligopolist confronts two possible demand curves for its own output, as illustrated below. The first (A) prevails if other oligopolists don’t match price changes. The second (B) prevails if rivals do match price changes. Instructions: Enter your responses as a whole number. In part b, do not include a negative sign with your answers. a. By how much does quantity demanded increase if price is reduced from $11 to $7 and (i) Rivals match the price cut? (ii) Rivals don’t match the price cut? b. By how much does quantity demanded decrease when price is raised from $11 to $15 and (i) Rivals match the price hike? (ii) Rivals don’t match the price hike?
Answers: 3
Another question on Business
Business, 22.06.2019 14:30
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
Business, 22.06.2019 16:20
The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. the production order quantity for this problem is approximately:
Answers: 1
Business, 22.06.2019 17:30
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?
Answers: 2
Business, 22.06.2019 18:00
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
You know the right answer?
Assume an oligopolist confronts two possible demand curves for its own output, as illustrated below....
Questions
Mathematics, 16.12.2019 22:31
Mathematics, 16.12.2019 22:31
Health, 16.12.2019 22:31
Mathematics, 16.12.2019 22:31
Mathematics, 16.12.2019 22:31
Mathematics, 16.12.2019 22:31
