Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

1. Industry Entry
Given an inverse demand function: P = a - bQ; where a = 100, b = 1, and the short-run cost function is C(Q) = eQ + f, where e = 10 and f = 9, if all firms are economically identical:

Q:Solve for the free entry equilibrium number of firms.

2. Stackelberg
Given an inverse demand function: P = a - bQ; where a = 100 and b = 2, and the short-run cost function is C(Q) = eQ + f, where e = 20 and f = 50:

Solve for q*, P*, and profit for both the quantity leader and quantity follower.

Solve for the uniform pricing monopolist's Q*, P* and profit.

3. Bertrand & Product Differentiation
Given a demand function: Q1 = a - bP1 + gP2; where a = 96, b = 2 and g = 1, and the short-run cost function is C(Q) = eQ + f, where e = 12 and f = 400:

Solve for each firms q*, P*, total revenue, total cost and profit.

4. Cournot & Product Differentiation
Given an inverse demand function: P = a - bq1 - gq2; where a = 100, b = 1, and the short-run cost function is C(Q) = eQ + f, where e = 4 and f = 0:

Solve for q*, P*, and profit for each firm when g = 0.5.


Solve for q*, P*, and profit for each firm when g = 1.


Solve for q*, P*, and profit for each firm when g = 0.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91047457

Have any Question?


Related Questions in Microeconomics

Question consumer reports has hired you to study gas

Question: Consumer Reports has hired you to study gas mileage obtained by the new Federico Fellini Fuel-Efficient Ferrari. Specifically, you are asked to test the manufacturer's claim that, on aver-age, the car travels 3 ...

Question calculate the equity each of these people has in

Question: Calculate the equity each of these people has in his or her home: a. Fred just bought a house for $200,000 by putting 10% as a down payment and borrowing the rest from the bank. b. Freda bought a house for $150 ...

Question since the pound sterling devalued in 1993 it has

Question: Since the pound sterling devalued in 1993, it has changed very little relative to the Dmark and its successor, the e. At the same time, the inflation rate in the UK, which used to be about 5% per year higher th ...

Assignment 2 writing assignment costs and revenues

Assignment 2: Writing Assignment: Costs and Revenues Structures If viewing this through the Assignment tool, click the title above to go to the Submissions area. This assignment will enable you to: Create tables to illus ...

Question according to the pih the ratio of permanent

Question: According to the PIH, the ratio of permanent consumption to permanent income is uncorrelated with the level of income. Thus someone earning $5,000,000 per year would save the same percentage of their income as ...

Question consider the industry in which you work or one

Question: Consider the industry in which you work, or one about which you have some knowledge. What are the costs and benefits associated with attempting to bar entry of other firms into this industry? How would a firm e ...

Question set up a ricardo-type comparative advantage

Question: Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish "absolute advantage" from "comparative advantage" in the context of your example. Then select an inter ...

Question 1 explain the logic underlying the law of one

Question: 1. Explain the logic underlying the law of one price and the theory of purchasing power parity. 2. How will a decrease in the federal goverment's budget deficit affect the equilibrium interest rate in the bond ...

Question discuss in scholarly detail differences between

Question: Discuss in scholarly detail differences between incremental and breakthrough innovation. What risks are associated with each approach? The response must be typed, single spaced, must be in times new roman font ...

Question perhaps surprisingly field experiments have shown

Question: Perhaps surprisingly, field experiments have shown that strangers who encounter one another on the street (e.g., to ask directions) are friendlier around 4 a.m. than in similar encounters that take place during ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As