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Author Question: An electric utility is going to use a block-pricing schedule. They plan to charge P1 for the first ... (Read 169 times)

casperchen82

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on: Jul 1, 2018
An electric utility is going to use a block-pricing schedule. They plan to charge P1 for the first Q1 units and P2 for the subsequent units. The units sold at P2 are the total units sold, Q2, minus the total units sold at P1. The inverse demand curve is P = 100 - Q, and the marginal and average cost is 40. Use calculus to solve for P1, P2, Q1, Q2.
 
  What will be an ideal response?

Question 2

The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. Both firms setting a high price is not a Nash equilibrium because
 
  A) setting a high price is the dominant strategy for each firm.
  B) neither firm can improve its payoff by setting a low price given that the other firm is setting a high price.
  C) there is no dominant strategy for either firm.
  D) both firms can improve their payoff by setting a low price given that the other firm is setting a high price.
Microeconomics ¦ Perloff ¦ 8th Edition
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djofnc

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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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casperchen82

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Reply 2 on: Jul 1, 2018
:D TYSM

LegendaryAnswers

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

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