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assume canons production function for digital cameras is given by q 100l 07k 03 where l and k are the number of
for simplicity throughout this problem assume labor l capital k and quantity pro- duced q can be infinitely
answer the following questions continuing to assume the production function for durabletires corp is q l 13k 12 where
assume durabletires corp faces the following demand curve p 250 - 01q if durable- tires marginal cost is constant at
the total and marginal cost of producing product a are tc 1000 2q2 mc 4qthe 1000 is a fixed cost in the short run
suppose your firm faces a demand curve of p 90 - 30q and the marginal cost of produc- tion is 10 per unit find the
genesee and natural light are the two sole competitors in the ultra low-end beer market in the rochester metro area
1 choose a company that markets computer products over the internet eg through a web search in what ways does the
the watts brewing company owns valuable water rights that allow it to produce better beer than competitors the company
1 what are team capabilities give examples of firms that appear to have them2 sun resorts has a hotel on a caribbean
1 evaluate the following statement business is war never consort with the enemy2 the long-drive golf company
some manufacturers that contract with the us government have most favored nation clauses in their contracts this
suppose microsoft can produce a new sophisticated software product however it wants to do so only if intel produces
1 what is the relation between a dominant strategy and a nash equilibrium2 in this chapter we gave an example of
some foolish teenagers play chicken on friday nights two teenagers drive their cars at each other at high speeds the
two basketball players barbara and juanita are the best offensive players on the schools team they know if they
some managers commit undetected fraud in producing financial statements presumably if the auditors were really diligent
a labor leader has announced that her union will go on strike unless you grant the workers a significant pay raise you
suppose you are one of two producers of tennis balls both you and your competitor have zero marginal costs total demand
you are considering placing a bid over the internet in an ebay auction for a rare oriental rug you are not a dealer in
formulate the following situation as an extensive form game using a game tree and solve it using backward induction
john owns a home construction company his cost for building a new house is 300000 sue is a potential home buyer who
suppose that a health insurance company is considering offering insurance to a population consisting of healthy and
postcontractual information problems and agency costsa the potential gains from trade of 100000 equal the difference
precontract information problems adverse selectionthe equilibrium price is 5100 and only unhealthy people will buy the