Business, 02.08.2019 23:10, danielahchf
When a production function is graphed with real gdp on the vertical axis and labor on the horizontal axis, a rise in labor shifts the lras curve resulting in
Answers: 1
Business, 22.06.2019 12:30, cheyannehatton
Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers. firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?
Answers: 3
Business, 24.06.2019 02:00, mem8163
Determine whether the underlined numerical value is a parameter or a statistic. explain your reasoning. upper a poll of all 2000 students in a high school found that modifying 94 % with underline of its students owned cell phones. a poll of all 2000 students in a high school found that 94% of its students owned cell phones.
Answers: 1
When a production function is graphed with real gdp on the vertical axis and labor on the horizontal...
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