An electric utility is going to use a block-pricing schedule. They plan to charge P1 for the first Q1 units and P2 for the subsequent units. The units sold at P2 are the total units sold, Q2, minus the total units sold at P1. The inverse demand curve is P = 100 - Q, and the marginal and average cost is 40. Use calculus to solve for P1, P2, Q1, Q2.
What will be an ideal response?
Question 2
The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. Both firms setting a high price is not a Nash equilibrium because
A) setting a high price is the dominant strategy for each firm.
B) neither firm can improve its payoff by setting a low price given that the other firm is setting a high price.
C) there is no dominant strategy for either firm.
D) both firms can improve their payoff by setting a low price given that the other firm is setting a high price.
Body plan of a crustacean, as represented by a shrimp
Body plan of an echinoderm, as represented by a sea star.
Mosaic of Charge-Coupled Devices (CCDs)
Plan of the Anu Ziggurat and White Temple
. Calculate the net electric field at point B
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