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

Author Question: Suppose Cournot duopolists firms (A and B) face the same market demand curve, and initially have ... (Read 80 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yasmina

  • Sr. Member
  • ****
  • Posts: 323
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.
Answer Preview
Only 50% of students answer this correctly


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol Martian geological features, such as the "Face on Mars", sometimes trigger facial pareidol
Old man face Old man face
A Dose-Response Curve A Dose-Response Curve
Fusiform Face Area and Autism Fusiform Face Area and Autism
Cutaneous granulomatous lesions on the face of a man suffering from a dermatophytic infection. Cutaneous granulomatous lesions on the face of a man suffering from a dermatophytic infection.
Titration curve for aspartic acid Titration curve for aspartic acid
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library