Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

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Answer 1

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Chapter 2, Problem 1DQ

To determine

Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

Expert Solution & Answer

Explanation of Solution

United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.

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Use a game tree to illustrate why an aircraft manufacturer may price below the current marginal cost in the short run if it has a steep learning curve. (Hint: Show that learning by doing lowers its cost in the second period.) Part 2 Assume for simplicity the game tree is illustrated in the figure to the right. Pricing below marginal cost reduces profits but gives the incumbent a cost advantage over potential rivals. What is the subgame perfect Nash equilibrium?

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M” method Given the following model, solve by the method of “M”. (see image)

Answer 2

Question

Chapter 2, Problem 1DQ

To determine

Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

Expert Solution & Answer

Explanation of Solution

United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.

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Answer 3

Question

Chapter 2, Problem 1DQ

To determine

Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

Expert Solution & Answer

Explanation of Solution

United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.

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Answer 4

Question

Chapter 2, Problem 1DQ

To determine

Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

Expert Solution & Answer

Explanation of Solution

United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.

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Answer 5

Chapter 2, Problem 1DQ

To determine

Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

Expert Solution & Answer

Explanation of Solution

United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.

Answer 6

Chapter 2, Problem 1DQ

To determine

Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

Expert Solution & Answer

Explanation of Solution

United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.

Answer 7

Chapter 2, Problem 1DQ

To determine

Which is the biggest economy in the world and why it is remain as the biggest national economy in the world.

Answer 8

Expert Solution & Answer

Explanation of Solution

United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.