« previous next »

Author Question: Refer to the above table. Suppose both governments offer their respective company a 10 million ... (Read 107 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
Refer to the above table. Suppose both governments offer their respective company a 10 million subsidy.
 
  What will be an ideal response?

Question 2

Refer to above figure. The monopolist can export as much as it likes of its steel at the world price of 5/ton. How much steel will the monopolist sell, and at what price?
 
  What will be an ideal response?


bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Reply #1 on: Jun 30, 2018
Answer to Question 1

Both companies would enter the market, since each knows that regardless of the other's decision, it will make some profit here.

Answer to Question 2

It would sell 10 million tons at 5/ton.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

A Global Bloom: Cities With Over One Million Residents A Global Bloom: Cities With Over One Million Residents
Apply draining stroke to forearm. Hold forearm off of the table with one hand. With the other hand, ... Apply draining stroke to forearm. Hold forearm off of the table with one hand. With the other hand, ...
How to solve an exponential problem using a table of values (Question 2) How to solve an exponential problem using a table of values (Question 2)
Table - Correlation Analysis Table - Correlation Analysis
Letter Frequency Table Letter Frequency Table
The periodic table and its creator, Dmitry Mendeleyev. The periodic table and its creator, Dmitry Mendeleyev.
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library