Consider the Bertrand model and answer the question below related to the content. Assume that each firm in the Bertrand Duopoly model can only choose non-negative integer quantities: 0, 1, 2, ... . Assume the demand is Q(P)=10-P and the marginal cost is 0 for each firm. Given this information, which of the following is FALSE? [Hint: Check values of profit functions.]   A. If firm 2 sets price equal to 1, then the best response of firm 1 to this price is 1   B. If firm 2 sets price equal to 4, then the best response of firm 1 to this price is 4   C. If firm 2 sets price equal to 2, then the best response of firm 1 to

Q: 3. As supervisor of a facilities engineering department, you consider mobile cranes to be critical e...

A: Given information Project A Initial capital=$272000 Annual cost=28800 Salvage value=25000 N= 6 years...

Q: 5-62. In a certain office, a letter is typed by A in 4 minutes. The same letter is typed by B. C and...

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Q: For demand function Qd = a - dP and supply function Qs = dP - c, using the Cramer’s Rule, determine ...

A: We have given  Demand function: Q=a-dP         ... (1) Supply function:  Q=dP-C          .... (2) He...

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A: Given the interest rate = 3% Present value = $5000 Time = 10 years

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Q: .. Two firms compete in price in a market for infinite periods. In this market, there are N consumer...

A: 1 a)   In infinite repeated bertrañd game, both the firms will follow Grim trigger strategy: Set P=1...

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A: Opportunity cost of Holding Assets as Money : It is been told that the opportunity cost of holding w...

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A: Demand and supply curves exist in labour markets, just as they do in products markets. In labour mar...

Q: What is the difference between detachable stock warrants and convertible bonds?

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A: Quantity theory of money is an equation that shows relationship between money supply, velocity, Pric...

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A: Given, Change in nominal income = 6.4% Change in price level = 4.2% a) The following expression repr...

Q: $30,000 $88,000 $94,000 $110,000 Income a) What is the actuarially fair premium for Charlene's situa...

A: In economics, utility function is an important concept that measures preferences over a set of goods...

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A: NPV or net present value method is used to discount the future cashflows at given discount rate so a...

Q: Evaluate $, z dz where y is the straight line path from z = 3 + i to z = 3 + 3i.

A: Introduction Here are one line of Z, we can say it Z0 = 3 +i and another is Z1 = 3 + 3i and here $ m...

Q: ow many years are required for 1,000 to increase to 2,000 if invested at 9% per year: (a) compounded...

A: We have  Future value F=2000 Present value P=1000 r=9%  “Since you have posted a question with multi...

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Q: Pca)=90-Q, mC = 30 Q: ca) Find the opmmal TWo-block pricing quantities and prices (6 Smyle manoply p...

A: A single-price monopoly is a firm that must sell each unit of its output for the same price to all i...

Q: Utility Function MUX MUy MRSXY 2х U =- 2y 2x0.2 y0.8 /36ху

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Q: 3. As supervisor of a facilities engineering department, you consider mobile cranes to be critical e...

A: Given information Project A Initial capital=$272000 Annual cost=28800 Salvage value=25000 N= 6 years...

Q: A machine cost P480, 000 and has a salvage value of 10% of its cost at the end of its life of 30,000...

A: 1. 1. Book Value=P-tP-SLtWhere,P= Initial ccost S=Salvage valueLt=Lifetime of the assett=timeHere,P=...

Q: Exhibit 21-3 Marginal Physical Total Total Product of Variable Marginal Variable Fixed Input Input V...

A: The markets are the place where the buyers, and the sellers of the goods, and services tend to inter...

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Q: A pole for an electric distribution cost P10k and is expected to last for 7 years before replacement...

A: Interest rate is the rate of interest that defines the saving function. It means as the interest rat...

Q: newspaper reports that in the last 5 years, prices have increased a total of 60%. This is equivalent...

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Q: A certain machine has book value of P173,205.08 after 5 years and P82,187.59 after 8 years. The book...

A: Book value refers to the asset value as per the balance sheet account balance. It is the actual valu...

Q: The production function is Q = 18K + 9L. Rent is $80 and wage is $40. Draw a graph of the isocost an...

A: Q = 18K + 9L  Cost = rK + wL = 80K + 40L   

Q: A firms production function is Q(L) = 15L2-0.1L3, where output (Q) is a function of a  single input ...

A: The total product of the firm is the total number of goods that the firm produces. The Production fu...

Q: A company produces a certain commodity. The labor and material cost for each item produced is P65. O...

A: Let the number of units be x Therefore,  Total labor and material cost = P65 * n Other variable cost...

Q: Between 2006 and 2015, by how much did a. the labor force change? million D. unemployment change? mi...

A: The labor force consists of all the people who are able-bodied and can work in a particular or works...

Q: Discuss the functions of money and evaluate how theories of money demand explain them

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Q: Suppose utility can be measured by "utils" and that Jane is consuming both lemons and cookies. The m...

A: PLEASE FIND THE ANSWER BELOW.

Q: As prices rise, why will producers increase production of a product? O They are required to by law. ...

A: As prices of the product increase, the suppliers will increase the production of the product in orde...

Q: Ann and Bob are working on the kitchen. They can either bake cakes x or cook soups y or do some comb...

A: According to the question above, Ann and Bob are working on the kitchen.  They can either bake cake...

Q: QDX= -2PX + 0,5PY - 0,2PZ + 1,2I determine the relationship between two products X and Y

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A: The correct answer is given in the second step.

Q: u invest 100,000 in a company company will return to you 22,000 per year for 5 year you invest in th...

A: Given:- Amount invested in company = 100,000 Total Money received at the end of 5 year = 22,000×5 = ...

Q: A company has the head office at US and a branch at U.K. The personnel director wanted to know if th...

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Q: its capacity constraint so that the collusive equilibrium can si 1? (Hint: The idea here is that, by...

A: *Answer: 

Q: An item is purchased for P100,000. Annual cost are P18,000. Using 8%, what is the capitalized cost o...

A: given purchase price = 100000 P annual cost = 18000 P interest rate = 8 %    

Q: Geal The gal of is etudy youlle Madal Madelinglv prelar bih Ywilling varible- been done for yo You w...

A: Introduction Here demand and supply price for the shirt has given. Table of demand and supply price:...

Q: Please explain or derive mathematically the condition for consumer equilibrium.

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Q: Rose invested P20,000 in a savings bank account that earned 3% simple interest. Find the interest ea...

A: given:- principal = 20,000/- rate of interest = 3% time = 3 years and 6 months          = 3 years + ...