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Author Question: Suppose Cournot duopolists firms (A and B) face the same market demand curve, and initially have ... (Read 160 times)

jrubin

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on: Jul 1, 2018
Suppose Cournot duopolists firms (A and B) face the same market demand curve, and initially have identical costs. Firm A figures out a way of reducing its marginal cost. At the new Nash-Cournot equilibrium,
 
  A) firm A's price falls.
  B) firm A's output expands and firm B's output contracts.
  C) firm B's profits expand.
  D) the price charged by both firms increases.

Question 2

A firm faces competitive markets for its inputs and its output. At the profit-maximizing level of output, its marginal cost is 10 and the wage paid is 2. If the MPL = L-0.5, what is the marginal product of the firm?
 
  A) 0.10
  B) 0.2
  C) 0.35
  D) 5
Microeconomics ¦ Perloff ¦ 8th Edition
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yasmina

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrubin

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
:D TYSM

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