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 54 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
:D TYSM

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
The downward movement of the piston draws the air–fuel mixture into the cylinder through the ... The downward movement of the piston draws the air–fuel mixture into the cylinder through the ...
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library