Can you pharaphrase this please ! Thank you! "if two firms, Firms A and B, are...
Can you pharaphrase this please ! Thank you!
"if two firms, Firms A and B, are identical in all respects except that firm A supplies one more hour of job training for workers than firm B does, by how much would firm A’s output differ from firm B’s?"
Homework Answers
ANSWER:
If two firms that are virtually identical except that firm A invests one extra hour on learning and development program for workers than firm B does, by how much would the output of Firm A differ from firm B’s?
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Can you pharaphrase this please ! Thank you!
"if two firms, Firms A and B, are...
please answer with method working. thank you. 4) Each of two firms has a job opening....
please answer with method working. thank you.
4) Each of two firms has a job opening. The firms offer different wages: firm i offers wage w; where 0.5 W 1 < W2 < 2.W 1. There are two workers that want to apply for a job. Each of whom can apply to only one firm. The workers simultaneously decide whether apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets...
Can you please show the steps? Thank you. Questions 3-5 rely on the following information: Firm...
Can you please show the steps? Thank you. Questions 3-5 rely on the following information: Firm B is a monopolist that faces market demand of Q=200-2P. Firm B’s total cost is given by TC(Q)=2Q^2+20Q=200. 3. What is Firm B’s profit maximizing output level (Q*)? 4. What is Firm B’s profit maximizing price (P*)? 5. How much profit is Firm B earning given this price and output level (from problems 3 and 4)?
Suppose four firms engage in price competition in Bertrand setting in which the lowest-price firm will...
Suppose four firms engage in price competition in Bertrand setting in which the lowest-price firm will capture the entire market. The firms differ with respect to their costs: ? Firm A’s marginal cost per unit is 8 USD ? Firm B’s marginal cost per unit is 7 USD ? Firm C’s marginal cost per unit is 9 USD ? Firm D’s marginal cost per unit is 7.5 USD (a) Which firm will serve the market? What price it would charge?...
1. Each of two firms has one job opening. The firms offer different wages: firm 1...
1. Each of two firms has one job opening. The firms offer different wages: firm 1 offers the wage $10 per hour, and firm 2 offers the wage $12 per hour. There are two workers, each of whom can apply to only one firm. The workers simultaneously decide whether to apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets the job; if both workers apply to one firm, the...
Please Help. Thank you very much. 1. A firm can buy inputs one and two at...
Please Help. Thank you very much.
1. A firm can buy inputs one and two at prices w and w2, and sells the resulting output in at a market price p. The production function is f(11,12)= + 5 1.1 Form the cost-minimization problem for this firm, find the contingent demand functions, and find the cost function for the firm. Using this cost function, maxi- mize py-C(wi, W2, y). 1.2 Formulate the profit maximization problem for this firm using the the...
Can you please help me out with this problem? Thank you!!! A market demand function is...
Can you please help me out with this
problem? Thank you!!!
A market demand function is P= 100 - Q. MC = 40. Total revenues =P*Q = (100 - Q)*Q= 100Q – Q2. Therefore Marginal Revenue = dTR/dQ = 100 – 20. a. At P=MC, what is the price and quantity sold? b. What is the profit-maximizing price and quantity for a single firm? Imagine there are two identical firms, selling the same product and with the same MC =...
can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! can anyone ple...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
is a business strategy whereby firms attempt to gain a competitive advantage 41) by increasing the perceived value of their products or services relative to the perceived value of other firms' products or services A) Product differentiation B) Related diversification C) Cost leadership D) Best-cost provider 42) By increasing the...
I really need some help with these questions! Thank you Please help me out with these...
I
really need some help with these questions!
Thank you
Please help me out with these Microeconomic questions!!! Thank you so much! I really appreciate that. 4. There exists high-ability and low-ability workers. Firms are willing to pay up to $80,000 for a high-ability worker and $20,000 for a low-ability worker. Going to college provides a signal that one is a high-ability worker at a cost of $10,000. (a) is a separating equilibrium where high-ability workers go to college and...
Please show step by step process I am confused Firm A and Firm B are two...
Please show step by step process I am confused
Firm A and Firm B are two companies that manufacture identical prod- ucts, and are the only firms in the market for that good. The marginal cost of producing a unit of the good is $20, and there are no fixed costs. The inverse market demand for their product is P = 140 – Q, where Q is the number of units, and P is the price. (a) What is the...
Please explain in details with step by step solution, Thank you very much ) Assume a...
Please explain in details with step by step solution, Thank you
very much
) Assume a monopolist faces a market demand curve P 100 - 2Q and has the short-run total cost function C 640+20Q. i) What is the profit-maximizing level of output? What is the profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that (7 Marks) In Question f (i), what would price and output be if the firm priced at socially represents...
please answer with method working. thank you.
4) Each of two firms has a job opening. The firms offer different wages: firm i offers wage w; where 0.5 W 1 < W2 < 2.W 1. There are two workers that want to apply for a job. Each of whom can apply to only one firm. The workers simultaneously decide whether apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets...
1. Each of two firms has one job opening. The firms offer different wages: firm 1 offers the wage $10 per hour, and firm 2 offers the wage $12 per hour. There are two workers, each of whom can apply to only one firm. The workers simultaneously decide whether to apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets the job; if both workers apply to one firm, the...
Please Help. Thank you very much.
1. A firm can buy inputs one and two at prices w and w2, and sells the resulting output in at a market price p. The production function is f(11,12)= + 5 1.1 Form the cost-minimization problem for this firm, find the contingent demand functions, and find the cost function for the firm. Using this cost function, maxi- mize py-C(wi, W2, y). 1.2 Formulate the profit maximization problem for this firm using the the...
Can you please help me out with this
problem? Thank you!!!
A market demand function is P= 100 - Q. MC = 40. Total revenues =P*Q = (100 - Q)*Q= 100Q – Q2. Therefore Marginal Revenue = dTR/dQ = 100 – 20. a. At P=MC, what is the price and quantity sold? b. What is the profit-maximizing price and quantity for a single firm? Imagine there are two identical firms, selling the same product and with the same MC =...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
is a business strategy whereby firms attempt to gain a competitive advantage 41) by increasing the perceived value of their products or services relative to the perceived value of other firms' products or services A) Product differentiation B) Related diversification C) Cost leadership D) Best-cost provider 42) By increasing the...
I
really need some help with these questions!
Thank you
Please help me out with these Microeconomic questions!!! Thank you so much! I really appreciate that. 4. There exists high-ability and low-ability workers. Firms are willing to pay up to $80,000 for a high-ability worker and $20,000 for a low-ability worker. Going to college provides a signal that one is a high-ability worker at a cost of $10,000. (a) is a separating equilibrium where high-ability workers go to college and...
Please show step by step process I am confused
Firm A and Firm B are two companies that manufacture identical prod- ucts, and are the only firms in the market for that good. The marginal cost of producing a unit of the good is $20, and there are no fixed costs. The inverse market demand for their product is P = 140 – Q, where Q is the number of units, and P is the price. (a) What is the...
Please explain in details with step by step solution, Thank you
very much
) Assume a monopolist faces a market demand curve P 100 - 2Q and has the short-run total cost function C 640+20Q. i) What is the profit-maximizing level of output? What is the profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that (7 Marks) In Question f (i), what would price and output be if the firm priced at socially represents...
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