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Author Question: In the Cournot model, a firm maximizes profit by selecting A) its output, assuming that other ... (Read 76 times)

maychende

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on: Jul 1, 2018
In the Cournot model, a firm maximizes profit by selecting
 
  A) its output, assuming that other firms keep their output constant.
  B) its price, assuming that other firms keep their price constant.
  C) its output, assuming that other firms will retaliate.
  D) its price, assuming that other firms will retaliate.

Question 2

During the Black Plague, capital became worthless. What can explain this?
 
  A) Capital's marginal product fell because there was less labor.
  B) Capitalists died off at a greater rate than the workers.
  C) Capital's marginal product increased but the marginal product of labor decreased.
  D) Workers forgot how to use the capital.
Microeconomics ¦ Perloff ¦ 8th Edition
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braelync

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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maychende

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

pratush dev

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Reply 3 on: Yesterday
Excellent

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