Business, 22.04.2020 03:29, romanlittlewood
Consider the monopolistic competition model of increasing returns to scale studied in class. Consider a single country in isolation. The demand for each variety is the following: q(p)=S*[(1/n) ‐ b*(p–Pm)] The price set for a variety is p. The average industry price is Pm. The market size is S = 100. The responsiveness of consumers' demand for this variety to price deviations from the average market price is given by a constant, b = 1. Each firm's average total cost is given by ATC(q) = F/q + c where marginal cost is constant at c = 10 and fixed cost is F = 20.a. In a symmetric equilibrium, find an expression for each firm's average cost as a function of the number of firms, n. Graph this with cost on the vertical axis and the number of firms on the horizontal axis. b. Again assuming a symmetric equilibrium, write the expression for a firm’s price as a function of the number of firms. Graph this the price on the vertical axis and the number of firms on the horizontal axis. c. Solve for the equilibrium number of firms, n. d. True or false? If the market size quadruples to S = 400, for instance, due to trade, the number of firms will also quadruple. (Explain your answer.)
Answers: 2
Business, 22.06.2019 11:10, AM28
Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy. b. this is a negative response strategy. c. this is a response strategy for either positive or negative risk known as contingency planning. d. this is a response strategy for either positive or negative risks known as passive acceptance.
Answers: 2
Business, 22.06.2019 15:40, kaitlynmorgan43
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
Business, 22.06.2019 19:20, Tariah5970
Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect
Answers: 2
Consider the monopolistic competition model of increasing returns to scale studied in class. Conside...
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