CHAPTER 9 OLIGOPOLY AND FIRM ARCHITECTURE 1. The demand function for a product sold by an oligopolist is given below: QD = 370 – P The firm’s marginal cost function is given below: MC = 10 + 4Q Calculate the equilibrium price and quantity. Solution: P = 370 – Q so TR = 370Q – Q2 and MR = 370 – 2Q MR = 370 – 2Q = 10 + 4Q = MC so Q = 60 and P = 310 2. The demand function for a product sold by an oligopolist is given below: QD = 135 – 0.5P The firm’s marginal cost function is given
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Essay Assignment: What I Do Best Everyone has at least one specialty. Someone is good at music‚ the other is good at sport. Everyone has the different specialty. Among this group of people‚ some of them will merge their specialty into their life like musicians‚ artists‚ engineers‚ interior designers‚ etc. For me‚ I think I’m good at painting. When I was 6 years old‚ my mom was always paint with me. Painting can led me relax‚ and expressing my mood on paper. After I finished my works‚ my teachers
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Dreams and What They Mean Psychologists seem to fall into two groups regarding dreams. The first group believes that dreams have no real purpose; while the second group believes they do have a purpose‚ although this group cannot reach a consensus on what the purpose might be. Sigmund Freud is probably the most famous of the dream theorists. He believed that dreams helped to preserve sleep by keeping individuals from waking as a result of physical urges such as needing to go to the bathroom
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Firm Reputation and Horizontal Integration∗ Hongbin Cai† Ichiro Obara‡ March 14‚ 2008. Abstract We study effects of horizontal integration on firm reputation. In an environment where customers observe only imperfect signals about firms’ effort/quality choices‚ firms cannot maintain good reputation and earn quality premium forever. Even when firms choose high quality‚ there is always a possibility that a bad signal is observed. Thus‚ firms must give up their quality premium‚ at least temporarily
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"What Do Murderers Deserve?" Feelings toward capital punishment have varied over time. Among democratic nations‚ few now impose it. In the United States‚ 38 states have death penalty laws while 12 have rejected the ultimate punishment in favor of other strong sentences‚ such as life without parole. Many death penalty states‚ including New Jersey‚ rarely impose it. The death penalty is an emotional topic but apart from the moral questions the death penalty evokes‚ apart from questions of whether
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2.1 and 2.2: What to do if there are suspicions or if someone alleges they are being abused Recognise Recognise the signs and symptoms or believe what you are told Respond Comfort - warm and caring Reassure the person that you believe them and that it is not their fault/they are in no way to blame Do not promise that you will keep it secret (may need to pass on to help them‚ important not to say one thing and do another) but only to people who need to know and will help Protect the individual
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How to increase productivity It’s a nice performance‚ but it’s no Utopia How many times in a day do you remind yourself to be more productive at work? How often your boss tells you to improve a bit? Even if you are satisfied with the pace you work with or the way you do your assigned tasks‚ there is always some tricky confusion in your mind whether I could have worked better? What else I need to do to make it better? There are so many blurred thoughts which actually pull and push you at
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Objective function of firm: y-w-β+κ‚ for which β=ũy‚κ=dka Production Function: y=ka The objective function of firm has been added two functions based on the basic model‚ -β and +κ‚ showing the cost and the benefit of non monetary rewards respectively. They are allocated in the firm’s objective function‚ because the firm is the sender of the rewards‚ which the firm will have a cost and benefit of the reward from the worker. β is a negative function‚ since it is the cost of non monetary rewards
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What Does a Geneticist Do? By Cindy Grigg nucleus containing contain lead determines organism prevention genetic human sickle-cell muscular career genome specific contains wrinkled determined Directions: Fill in each blank with the word that best completes the reading comprehension. Scientists who study genetics study genes and heredity: how certain characteristics are inherited by offspring because their parents had these
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To some extent‚ Mussolini’s ability to secure and increase his power in 1919-1928 was due to the weaknesses of his political opponents. However‚ Mussolini’s strengths were also an important part in doing this. Mussolini was able to increase his power from 1922-1928 through his strategy‚ his ability to obtain Rule by Decree‚ the establishment of the Grand Council of Fascism and the fact that he had the support of powerful groups. He also used various violent tactics‚ which meant the Fascists had the
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