This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a firm is selling a quantity that is NOT on its best-response curve it A) will go out of ... (Read 21 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jul 1, 2018
If a firm is selling a quantity that is NOT on its best-response curve it
 
  A) will go out of business.
  B) is in a Nash equilibrium.
  C) will want to change its behavior.
  D) is operating in a duopoly.

Question 2

For public goods, in general, the optimal output level is found where the marginal benefits of additional production equal marginal cost.
 
  a. True b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

a


genevieve1028

  • Hero Member
  • *****
  • Posts: 601
Reply #2 on: Jul 1, 2018
Thank you


triiciiaa

  • Sr. Member
  • ****
  • Posts: 349
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ... Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ...
J or U dose-response curve J or U dose-response curve
“Fight or Flight” Response “Fight or Flight” Response
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Hypersensitive Response Hypersensitive Response
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library