4 A duopoly faces a market demand of p 150 -a Firm 1 has a constant marginal cost of MC-$40. Firm 2's constant marginal cost is MC - sa0. Calculate theoutput of each firm, market output, and price if thare is (a) a collusive equilibrlum or (b) a Cournot equilibriumThe collusiva equilibrlum occurs where q, equals and q, equals (Enter numeric responses using real numbers rounded to two decimal placea)Market output isThe collusive equilibrium price is SNThe Cournot-Nash equilibrium occurs where q, equalsand a equalsMarket output isFurthermore, the equilibrium occurs at a price of $

Collusion equilibrium: Collusion may be a non-competitive, secret, and typically criminal agreement…

A duopoly facen a market demand of p 150 -a Firm 1 han a constant marginal cost of MC-$40. Firm 2s constant marginal cost is MC - sa0. Calculate the output of each firm, market output, and price if thare is a collusive equilibrlum or (b) a Coumot equlibrium The colluslva equilibrkum occurs where q, equals and q, nquals O (Enter numeric responses using real numbers rounded to hwo decimal placea) Market output is The collusive equilibrium price is SN The Cournot-Nash equilbrium occurs whare q, equalsand a equals sjenbe Market output is Furthermore, the equilibrium occurs at a price of $

A duopoly facen a market demand of p 150 -a Firm 1 han a constant marginal cost of MC-$40. Firm 2s constant marginal cost is MC - sa0. Calculate the output of each firm, market output, and price if thare is a collusive equilibrlum or (b) a Coumot equlibrium The colluslva equilibrkum occurs where q, equals and q, nquals O (Enter numeric responses using real numbers rounded to hwo decimal placea) Market output is The collusive equilibrium price is SN The Cournot-Nash equilbrium occurs whare q, equalsand a equals sjenbe Market output is Furthermore, the equilibrium occurs at a price of $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. If the tenants have the right to be free of loud music enforced through a property rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. Zero B. One C. Two D. Three E. It depends on transaction costs
uestion 3 If you want to minimize interest payments on a loan, you'll need one that has a simple interest rate so that yo John opened an account, and knew exactly how much it would be worth at the end of the year, because it used year. What is simple interest? Oa. Interest only on original amount saved or borrowed Ob. interest on original amount saved, borrowed and other interest earned Oc. a fee paid for the use of someone else's money Od. taxes on the original amount saved or borrowed L A Moving to another question will save this response. →
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B. The late Anne Collins had 3 children, Mary, John and Hana who unfortunately all predeceased Anne leaving several Anne's grandchildren and great grandchildren. Unfortunately, Anne died intestate without a will or trust. She is survived by: Mary's daughters Emma and Joan John's son Patrick who has 2 children Joe and Frank; Frank has 1 child Eddy. Hana's daughter Elizabeth is also deceased leaving 2 children Jim and Eva. (i) Please fill in the table taking into consideration that Anne died without a will/trust and therefore the distribution shall be according to the CA intestacy laws (Modified Per Stirpes PC 240). Each Emma and Joan Mary's spouse Each of Patrick's 2 children Joe and Frank Each of Elizabeth's 2 children Jim and Eva Patrick's grandchild Eddy Patrick MPS Ø
There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. Assume the bar owner has the right to hire as many bands as she likes. Iftransaction costs were $90, split between the bar owner and the tenants, how manybands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100.B. Two bands would play and social welfare would be 75.C. Two bands would play and social welfare would be ‐15.D. No bands would play and social welfare would be 0.E. Three bands would play and social welfare would be ‐190