This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a firm is selling a quantity that is NOT on its best-response curve it A) will go out of ... (Read 37 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jul 1, 2018
If a firm is selling a quantity that is NOT on its best-response curve it
 
  A) will go out of business.
  B) is in a Nash equilibrium.
  C) will want to change its behavior.
  D) is operating in a duopoly.

Question 2

For public goods, in general, the optimal output level is found where the marginal benefits of additional production equal marginal cost.
 
  a. True b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

a


genevieve1028

  • Hero Member
  • *****
  • Posts: 601
Reply #2 on: Jul 1, 2018
Thank you


triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Androgens modulate the inflammatory response during acute wound healing Androgens modulate the inflammatory response during acute wound healing
The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1. The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1.
The inhibitory response of rods to light. When light bleaches rhodopsin molecules, the rods’ ... The inhibitory response of rods to light. When light bleaches rhodopsin molecules, the rods’ ...
The yellow, blue, and green sections of the Emergency Response Guidebook (ERG). The yellow section ... The yellow, blue, and green sections of the Emergency Response Guidebook (ERG). The yellow section ...
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
Firm handshake Firm handshake
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library