« previous next »

Author Question: In the Cournot model, if the products are differentiated, A) this reduces the pressure of one ... (Read 39 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
In the Cournot model, if the products are differentiated,
 
  A) this reduces the pressure of one firm's decisions on the other.
  B) this increases the pressure of one firm's decisions on the other.
  C) there is no difference between this model and one with homogeneous goods.
  D) marginal costs are necessarily different.

Question 2

A firm faces competitive markets for its inputs and its output. Its marginal revenue product of labor
 
  A) is increasing in the output price.
  B) is decreasing in the output price.
  C) is independent of the output price.
  D) has an inverted U-shape.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


patma1981

  • Sr. Member
  • ****
  • Posts: 292
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?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

heart model front heart model front
Model Organism Neurospora Model Organism Neurospora
Blood pressure measurement. Blood pressure measurement.
Eye Model Eye Model
Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f
A model for formation of a minimal preinitiation complex (PIC) for pol II on a TATA promoter A model for formation of a minimal preinitiation complex (PIC) for pol II on a TATA promoter
Video: Prone Position

For a complete list of videos, visit our video library