Suppose that the duopolists Max and Sam face an inverse demand function for apples of P = 100 - 30, where Q = QM + Qs is the total number of apples that reach the market and P is the price of apples. Suppose further that Max's cost function is CM(QM) = 4QM and Sam's cost function is Cs(Qs) = 16Qs. In the Cournot-Nash equilibrium, Sam's production is .

Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.