« previous next »

Author Question: A short-run total cost function, TC = 100 + 32Q - 4Q2 + 0.4Q3, indicates the existence of A) a ... (Read 22 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jul 1, 2018
A short-run total cost function, TC = 100 + 32Q - 4Q2 + 0.4Q3, indicates the existence of
 
  A) a linear total cost curve.
  B) a constant average variable cost curve.
  C) a U-shaped average variable cost curve.
  D) a constant marginal cost curve.

Question 2

The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, how many Nash equilibria are there?
 
  A) 0
  B) 1
  C) 2
  D) It cannot be determined.


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

penza

  • Hero Member
  • *****
  • Posts: 1,022
Reply #2 on: Jul 1, 2018
Thank you


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Structure and function of the thick and thin filaments. Structure and function of the thick and thin filaments.
Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise
How to write a sine function when given the amplitude, period, and phase shift How to write a sine function when given the amplitude, period, and phase shift
How to vertically stretch and compress a sinusoidal function (y=a*sin⁡b(x−c)+d) How to vertically stretch and compress a sinusoidal function (y=a*sin⁡b(x−c)+d)
Integral of function p2 Integral of function p2
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library