« previous next »

Author Question: Refer to the above table. Suppose both governments offer their respective company a 10 million ... (Read 102 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
Refer to the above table. Suppose both governments offer their respective company a 10 million subsidy.
 
  What will be an ideal response?

Question 2

Refer to above figure. The monopolist can export as much as it likes of its steel at the world price of 5/ton. How much steel will the monopolist sell, and at what price?
 
  What will be an ideal response?


bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Reply #1 on: Jun 30, 2018
Answer to Question 1

Both companies would enter the market, since each knows that regardless of the other's decision, it will make some profit here.

Answer to Question 2

It would sell 10 million tons at 5/ton.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Vertical filing systems offer an alternative to traditional upright storage systems Vertical filing systems offer an alternative to traditional upright storage systems
Periodic Table of the Elements Periodic Table of the Elements
The Farm-to-Table Continuum The Farm-to-Table Continuum
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
APA Table - SPSS APA Table - SPSS
Earth 340 Million Years Ago Earth 340 Million Years Ago
Video: Atrophy

For a complete list of videos, visit our video library