« previous next »

Author Question: A short-run total cost function, TC = 100 + 32Q - 4Q2 + 0.4Q3, indicates the existence of A) a ... (Read 58 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jul 1, 2018
A short-run total cost function, TC = 100 + 32Q - 4Q2 + 0.4Q3, indicates the existence of
 
  A) a linear total cost curve.
  B) a constant average variable cost curve.
  C) a U-shaped average variable cost curve.
  D) a constant marginal cost curve.

Question 2

The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, how many Nash equilibria are there?
 
  A) 0
  B) 1
  C) 2
  D) It cannot be determined.


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

penza

  • Hero Member
  • *****
  • Posts: 1,022
Reply #2 on: Jul 1, 2018
Thank you


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Hypothetical Range of Perceived Brightness (in jnds) as a Function of Intensity Hypothetical Range of Perceived Brightness (in jnds) as a Function of Intensity
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012 Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Testing motor function of cranial nerve VII - Frown Testing motor function of cranial nerve VII - Frown
Derivative of Reciprocal Trig Function Derivative of Reciprocal Trig Function
Structure and function of the Gal4p activator Structure and function of the Gal4p activator
Short form of amino acids Short form of amino acids
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library