« previous next »

Author Question: The Equivalent Variation for an increase in the price of a good is A) the reduction in a ... (Read 88 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
The Equivalent Variation for an increase in the price of a good is
 
  A) the reduction in a consumer's income necessary to harm the consumer by as much as the price increase.
  B) the increase in a consumer's income necessary to eliminate the consumer's harm from a price increase.
  C) the change in consumer surplus resulting from a price increase.
  D) the amount of money a consumer would accept to be subject to a price increase.

Question 2

Suppose in the ice-cream market with 10 firms, the elasticity of market demand is -1, and each firm has a constant marginal cost at 2. The Nash-Cournot equilibrium price is
 
  A) 2.
  B) 2.2.
  C) 2.4.
  D) 2.5.


cswans24

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

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 Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Take a good look at this woman Take a good look at this woman
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
Reduction of the carbonyl group on a sugar Reduction of the carbonyl group on a sugar
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
Sources of Variation in Traits Among Individuals of a Species Sources of Variation in Traits Among Individuals of a Species
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library