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

Author Question: Suppose the market demand curve for a Bertrand duopoly is downward sloping. What happens to the Nash ... (Read 42 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
Suppose the market demand curve for a Bertrand duopoly is downward sloping. What happens to the Nash equilibrium price and market quantity if the constant marginal cost declines?
 
  A) Price and quantity decline
  B) Price increases and quantity declines
  C) Price decreases and quantity increases
  D) Price and quantity increase

Question 2

The slope of the utility possibilities frontier is
 
  A) positive.
  B) negative.
  C) zero.
  D) undefined.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


folubunmi

  • Member
  • Posts: 524
Reply 2 on: Jul 1, 2018
Excellent

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

A Dose-Response Curve A Dose-Response Curve
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library