5. Consider two competing firms, where both firms choose simultaneously between upgrading their good with feature A or B. The payoffs are shown in brackets.Firm 2Firm 1BA(1,1)(12,12)B(10,10)(1,1)In this market, there is:O Minimal product differentiationO Maximal product differentiationO We cannot tell from the information providedO an unique Nash equilibrium.

Nash Equilibrium refers that steady state point of equilibrium which is achieved by the players…

Answered: Consider two competing firms, where…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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21- The purchase of a new car falls under which of the following types of expenditure? A) C B) M C) G D) X E) I
8) Which of the following items is not part of the GDP calculation? Select one: O a. A number of unemployed citizens receive unemployment insurance benefit O b. A person purchases a local car O c. The government expands the highway between two main cities O d. Local citizens receiving medical care
tion 26 of 49 > dit 20% Calculate the slope of the line in the figure. * * F1 C * F2 The slope of the line is 0000 -8. 04. -4. 08. 2 ۲ 80 F3 3 ۳ W " **** a F4 $ 4 E E C MacBook A R - FS % 50 ی in 10) LL A 56 T F
3. [Sometimes, it's useful to think about what fraction of a consumer's money they spend on each good, rather on how many units they buy. (a) Show that every x EX(p,m) can be written as x = f1(m/p₁,0) + f2(0, m/p2 ) + (1-f1-f2)(0,0) for some numbers f1,f2 20 with f1 + f2 ≤1. (b) Let f1 and f2 be as in part (a). Give an expression, in terms of f1 and f2, for the fraction pix₁/m of the consumer's money that they spend on good 1. (c) Let f1 and f2 be as in part (a). Give an expression, in terms of f1 and f2, for the fraction p2x2/m of the consumer's money that they spend on good 2
41
Ewa spends all her 600 PLN bonus on the purchase of sweets and cosmetics. Draw the Ewa's budget line, knowing that her favorite sweets cost PLN 10 per pack and the price of cosmetics is PLN 25. •How will Ewa's situation be affected by the PLN 50 bonus increase? •What will happen if the price of cosmetics increases to PLN 30? •How, from the point of view of initial situation, we will evaluate the following quantitative combinations: –30 packages of sweets and 15 cosmetics –60 packages of sweets and 24 cosmetics –20 packages of sweets and 10 cosmetics –10 packages of sweets and 15 cosmetics
26. Describe the consumption pattern of the consumer based on the table below unit MU/P MU/P (sundae) fries 8 1st 2nd 17 5 3rd 1
10. (Figure 5.6) Garth spends his income on ice cream and coffee, and coffee sells for $1 a cup. If ice cream sells for $1.50 per gallon, Garth will purchase: Coffee (cups) | 12- 11 10- 9 8- 7- 6- 5- 4 3- 2 34 5678 9 10 Ice cream (gallons) 8 gallons. 6 gallons. 2 gallons. O 1 gallon.
6 (i) FIGURE 6 (i) 22 18 10 1 2 3 Number of video games rented per month 4 All the questions below are referring to Figure 6 (i) and explain and show your computation in your answer. a) The marginal utility of the first video game rental is b) The marginal utility of the third video game rental is c) At which unit of video game, the marginal utility is zero. Total utility
1. There is a country, which is located in the south of the Mediterranean. This country's GDP is 500 billion USD and the population is 40 million. The total Used Electric Power capacity is 50 GW, the energy mix (electrical energy produced in one year by each primary source) is as follows; Hydro = 25 %, Photovoltaic = 5%, Wind = 10 %, Natural Gas = %40 and Coal = 20% a) Calculate the produced electrical energy by each primary sources for one year. b) Calculate the electrical energy consumed per capita and compare it with Europe average. c) The Electrical energy is 1/3 of the total energy consumed (TPES) in this country. Obtain the Energy intensity. d) Calculate the total CO₂emissions in one year while producing electricity.
Question 7 (10 points) Listen Figure 2-7 HOURS WITHOUT SLEEP Refer to Figure 2-7. Taking cause and effect into account, which of the following interpretations would be most reasonable regarding the relationship between coffee and hours without sleep? The less coffee a person drinks per day, the more time he can go without sleep. There is no relationship betwveen how much coffee per day a person drinks and how long he can go without sleep. The more coffee a person drinks per day, the more time he can go without sleep. The more coffee a person drinks per day, the less time he can go without sleep. Question 8 (10 points) V Saved CUPS OF COFFEE PER DAY
15. Enchante Inc., a designer clothing company buys $400 worth of silk from a silk trader, and $30 worth of accessories from AccessoriesRUs to produce each dress. If the value-added by Enchante is equal to $300, then according to the value-added approach, the price of the designer dress should be: A) $430. B) $300. C) $730. D) $400.

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