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Author Question: Two firms sell 100 orange juice in 10 ounce bottles. The juice is only good for one week. The two ... (Read 87 times)

olgavictoria

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on: Jul 1, 2018
Two firms sell 100 orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all the oranges produced in a large geographic area. Each firm decides how many bottles of juice to produce at the same time. This market is best described with a
 
  A) Bertrand model.
  B) Stackelberg model.
  C) monopolistic competition model.
  D) Cournot model.

Question 2

The profit-maximizing condition for a firm selling its output in a competitive market and buying its resources in a competitive market is
 
  A) P = MC only.
  B) MRP = wage only.
  C) Both A and B.
  D) Neither A nor B.
Microeconomics ¦ Perloff ¦ 8th Edition
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SAUXC

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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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olgavictoria

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

aruss1303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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