Explain why pA = pB = MC is the unique Nash Equilibrium of a
Bertrand model with two firms, identical products and constant
marginal cost
Answers
In the Bertrand model with two firms, identical products, and constant marginal cost, pA = pB = MC is the unique Nash Equilibrium.
Let's understand why this is the case. Explanation: The Bertrand model is a model of competition between firms that produce homogeneous products and sell at the same price. Each firm chooses the price at which it will sell its product and the consumers buy from the cheapest seller.
It is a model of duopoly. The marginal cost is the cost of producing an additional unit of a product. It is assumed to be constant in the Bertrand model. The profits of a firm in the Bertrand model can be calculated as Profit = (Price - Marginal Cost) x Quantity SoldThe Nash Equilibrium is a situation where each firm maximizes its profits given the price of the other firm. In other words, a Nash Equilibrium is a situation where no firm can increase its profits by changing its price. In the Bertrand model with two firms, identical products, and constant marginal cost, the only Nash Equilibrium is where both firms charge a price equal to their marginal cost.
Thus, the only Nash Equilibrium is where both firms charge a price equal to their marginal cost.
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Related Questions
Which Important personal quality does Jane seem to possess?
Jane is friendly and kind toward her coworkers. She makes interesting conversation with them during lunch. Her attitude helps to maintain a
harmonious atmosphere at work. Jane thus possesses an important personal quality known as
Answers
Answer:
kindness
Explanation: sorry im guessing by what the paragraph tells me..
Answer:
courteousness
Explanation:
These are all attributes of a courteous individual.
According to the video, what are some tasks performed by Tellers? Check all that apply.
O reviewing insurance applications
O cashing checks
O analyzing investment opportunities
O judging risk based on statistics
O accepting payments for a customer's bills
O dealing with foreign currencies
Answers
Answer:
Cashing checks, receiving checks/ paying out money, entering transactions on computers
Explanation:
According to O*NET, what are some common tasks performed by Tellers? Check all that apply.
Answer:
2, 5, 6
Explanation:
Hope this helps!
a method of concealing receivables skimming by crediting one account while abstracting money from a different account is known as: a. account substitution b. kiting c. lapping d. plugging
Answers
The method described is known as lapping. So option c is the correct option.
It involves taking money from one account, typically a cash account, and using money from another account, such as accounts receivable, to cover up the missing funds. This is accomplished by crediting the first account with money from the second account, essentially hiding the fact that money is missing. Lapping is a form of receivables skimming, which is a type of fraud that involves stealing money from a company by taking funds before they are recorded in the accounting system. It is important for companies to have proper internal controls and procedures in place to prevent and detect these types of fraudulent activities.
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Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answers
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answers
Answer:
,
Explanation:
i think this is answer right
A student is graduating from college in six months but will need a loan in the amount of $3,725 for the last semester. the student may receive either an unsubsidized stafford loan or a plus loan. the terms of each loan are: unsubsidized stafford loan: annual interest rate of 4.65%, compounded monthly, with a balance of $3,901.95, at the time of repayment plus loan: annual interest rate of 5.65%, compounded monthly with payment deferred until graduation which loan will have a lower balance and by how much at the time of repayment?
Answers
A loan will have a lower balance and by much at the time of repayment $142.13.
What is loan?A loan is any sum of money, a piece of property, or other tangible item that is given to another party with the understanding that it will be paid back, plus interest, at a later date. A loan was the pay with interest.
Calculated the repayment of loan:
Given,
loan in the amount of $3,725
Annual interest rate of 4.65%
compounded monthly, with a balance of $3,901.95
annual interest rate of 5.65%
monthly interest rate is 4.65% ÷ 12
monthly interest rate = 0.3875%.
monthly interest rate is 5.65% ÷ 12
monthly interest rate = 0.4708%.
balance = principal x (1 + monthly interest rate)^ number of compounding periods
balance = $3,725 x \((1 + 0.003875)^6\)
balance = $3,901.95
balance = principal x (1 + monthly interest rate)^ number of compounding periods
balance = $3,725 x \((1 + 0.004708)^6\)
balance = $4,044.08
Amount of loan = $4,044.08 - $3,901.95
Amount of loan = $142.13.
As a result, the significance of the loan will have a lower balance in period of repayment is $142.13.
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Pls help answer this quickly, explain thoroughly. Prefer
if typed. Will rate answer good, thanks.
1. Describe a process flow for the silicon wafer fabrication assuming that the process starts from a semiconductor grade silicon and ends in the form ready to be shipped to customers. Your descriptive
Answers
The process flow for silicon wafer fabrication starts with semiconductor grade silicon and involves several key steps, including crystal growth, wafer slicing, surface polishing, dopant implantation, thermal treatment, and metal deposition.
The first step in silicon wafer fabrication is crystal growth, where a single crystal of silicon is grown from a seed crystal using methods like Czochralski or floating zone. Once the crystal is grown, it undergoes a process called wafer slicing, where it is cut into thin wafers using a diamond saw.
After slicing, the wafers go through surface polishing to remove any roughness and imperfections. Next, dopant implantation is performed to introduce specific impurities into the silicon, altering its electrical properties. This step is crucial for creating transistors and other electronic components on the wafer.
Thermal treatment follows, which involves subjecting the wafers to high temperatures to activate the dopants and anneal any defects. This step helps enhance the electrical characteristics of the silicon. Subsequently, metal deposition is carried out to create interconnects and contact pads on the wafer.
Throughout the process, several other steps such as lithography, etching, and cleaning are performed to pattern the silicon and remove unwanted materials. Finally, the wafers undergo testing and quality control measures to ensure they meet the required specifications. Once approved, the wafers are packaged and shipped to customers for use in various electronic devices and applications.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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What type of spending funds the federal bureau of investigations and defense programs?.
Answers
Expenditures on necessities like food, FDI, and defense programs are referred to as "mandatory spending." Discretionary spending is all other spendings.
What is Discretionary and Mandatory Spending?The government budgeting process involves two categories of spending: required and discretionary. Spending that is subject to the appropriations process, in which Congress sets a new funding level each fiscal year (which starts on October 1st), is referred to as discretionary spending. Appropriations laws provide funding for around one-third, or $1 trillion, of the federal government's operations.
Mandatory spending is used to describe all expenditures that do not result from appropriations legislation. Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. About two-thirds of all federal spending is accounted for by mandatory spending.
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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Marcy has just gotten a promotion at work and she wants to buy a house. She currently pays $350 a
month for a car payment and $200 a month on her credit cards. She has a gross monthly income of
$4,000. Using the Debt Ratio Formula, calculate her potential maximum monthly house payment.
Answers
Answer:
$890
Explanation:
As per the 28/36 rule, Marcy can have debts not exceeding 36% of her gross income. If her gross income is $4000, her maximum debts should be 36% of $4000
=36/100 x $4000
=0.36 x $4000
=$1,440
Marcy has a $350 car payment and 200 credit payments every month.
current monthly payments
= $350 + $200
=$550
Marcy's loan limit is at $1440; current repayments total $550.
The maximum amount that can go to a housing loan is
=$1440 - $550
=$890
start four importance of e-markerting to consmers
Answers
Answer:
1. Helps in Comparison shopping.
2. Helps to access wider number of products with different feature offerings.
3. Results in improved product within less time duration which ultimately benefits consumer.
4. Helps in shaping the supplier behavior and achieve Environmental footprints
Explanation:
1. Helps in Comparison shopping
The comparison shopping helps the customer opt to the better product which better suits its needs and wants.
2. Helps to access wider number of products with different feature offerings
There are a lot of products which we don't know about. E-Marketing has allowed us to access these wider range of differentiated products.
3. Results in improved product within less time duration which ultimately benefits consumer.
The supplier to analyze what actually their customer wants from them in the long run and for this reason the internet presence of an organization helps to improve the product and customer experience.
4. Helps in shaping the Supplier behavior and achieve environmental footprints
The reason is that the increased importance of environment friendly products and tax exemptions on such products, the suppliers are forced to grow green. This customer behavior helps in transforming the supplier behavior which also benefits the customers and future generations as well.
how would you characterize uber’s business model and strategy? what are the key elements of its customer value proposition? its profit formula? its approach to competing in the marketplace?
Answers
Uber's business model can be characterized as a platform-based, on-demand ride-sharing model. Its strategy focuses on providing a convenient, reliable, and affordable transportation alternative to traditional taxi services.
Key elements of Uber's customer value proposition include:
1. Convenience: Users can request a ride through a mobile app, which automatically detects their location and connects them with nearby drivers.
2. Transparency: Fares are calculated upfront, and users can track the driver's arrival and route during the trip.
3. Affordability: Uber offers various pricing tiers to cater to different budgets, often providing more competitive rates than traditional taxi services.
Uber's profit formula consists of:
1. Commission: Uber takes a percentage of each fare as a commission for providing the platform and facilitating transactions.
2. Surge pricing: During periods of high demand, Uber increases fares to balance supply and demand, which results in higher revenue.
In terms of marketplace competition, Uber's approach includes:
1. Continuous innovation: Uber constantly invests in new technology and services, such as autonomous vehicles and food delivery, to stay ahead of competitors.
2. Aggressive expansion: Uber enters new markets rapidly, aiming to establish a strong presence before competitors can gain traction.
3. Strategic partnerships: Uber partners with local businesses and governments to improve its service offerings and increase market penetration.
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___ establishes the salary of the chief executive officer of a company
A) Internal managers
B) Employees
C) The board of directors
D) The CEO
Answers
Answer:
C.The board of directions I think
hurry!! #10
What is one of the SMART guidelines that help develop objectives?
O Rigorous
O Specific
O Abstract
Theoretica
Answers
Private data about employees or customers is considered what type of information?
Answers
Answer:
Personal
Explanation:
Workers don’t start the job at the same time and don’t get paid at the same wage.
career question #35 easy
Answers
Select the option that contains all the true statement(s).
i. Financial system arbitrage becomes more valuable if parity conditions do not hold.
ii. Tax arbitrage implies profits are shifted from low-tax nations to high-tax nations.
iii. Regulatory arbitrage can give MNCs a negotiating advantage.
Select one:
a.
i, ii, iii
b.
ii, iii
c.
i, iii
d.
iii
e.
i, ii
Answers
Option c, "i, iii," contains all the true statement Financial system arbitrage becomes more valuable if parity conditions do not hold:
i. This statement is true. Arbitrage opportunities arise when there are discrepancies in prices or rates between different financial markets. If parity conditions, such as interest rate parity or purchasing power parity, do not hold, it creates opportunities for arbitrageurs to exploit these pricing inefficiencies and earn profits.
ii. Tax arbitrage implies profits are shifted from low-tax nations to high-tax nations: This statement is false. Tax arbitrage refers to the practice of taking advantage of tax disparities between different jurisdictions to minimize tax liabilities or optimize tax planning. It involves shifting profits or activities to lower-tax jurisdictions rather than higher-tax nations.
iii. Regulatory arbitrage can give MNCs a negotiating advantage: This statement is true. Regulatory arbitrage refers to the practice of taking advantage of differences in regulations and laws across jurisdictions to gain a competitive edge. Multinational corporations (MNCs) can leverage regulatory arbitrage to navigate through varying legal frameworks, exploit loopholes, or optimize their operations in a way that gives them a negotiating advantage..
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit
Answers
why do we promote the use of PECS w some clients who communicate using words but still have speech, language, or social communication delays?
Answers
Accessibility, independence, inclusiveness and reinforcement are the reasons due to which the use of PECS is promoted for clients who communicate using words but still have speech, language or social communication delays.
Picture Exchange Communication System (PECS) is used to promote communication in individuals with speech, language, or social communication delays.
The reasons for using PECS have been explained below:
1. Accessibility: PECS provides a visual means of communication that can be accessed more easily by individuals with communication difficulties. This is particularly true for individuals with speech or language delays who may struggle to verbally express their wants and needs.
2. Independence: PECS allows individuals to initiate communication and make choices independently, increasing their sense of control and empowerment.
3. Inclusiveness: PECS can be used in a variety of settings, making it a versatile tool for promoting communication in social situations where verbal communication may be challenging.
4. Reinforcement: PECS can be used to reinforce communication and encourage individuals to continue developing their skills. The use of PECS can also promote positive reinforcement by allowing individuals to receive tangible rewards for their communication efforts.
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A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?
Answers
a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ
= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)
Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:
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what is your names my name is janaye
Answers
Answer:
Elijah but I go by Mayhem
Explanation:
Answer:
my name is Michelle
Explanation: LOL
with an upward-sloping shirt-run aggregate supply curve, an increase in government expenditure will most likely
Answers
An increase in government expenditure will most likely shift the short-run aggregate supply curve to the right.
A short-run aggregate supply curve that slopes upwards depicts a relationship between the price level and the total amount of goods and services that firms in an economy are willing to provide, taking into account the price of labor and raw materials. Supply curves are used to express the relationship between the price of a product and the quantity of that product that firms are willing to offer for sale. This is a graphical representation of the supply relationship.
Therefore, an increase in government expenditure would raise the prices of goods and services, and the demand for these goods and services would increase as well. As a result, businesses would increase their output to meet the new demand, and the short-run aggregate supply curve would shift to the right. As a result, the economy would experience both an increase in the price level and an increase in real GDP.
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agnes pays state income tax equal to 3.75% of her federal taxable income. she pays federal income tax equal to 28.4% of her federal taxable income. this year, she paid $15,449.60 in federal income tax. how much did agnes pay in state income tax?
Answers
Based on the information the amount that Agnes paid as state income tax is $2,040.
First step is to calculate Agnes federal taxable income
Federal taxable income=$15449.60/0.284
Federal taxable income= $54,400
Second step is to calculate Agnes state income tax
State income tax=0.0375 ×$54,400
State income tax=$2,040
Inconclusion the amount that Agnes paid as state income tax is $2,040.
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The four price indexes that are alternatives to the CPI are ______.
chained CPI, personal consumption expenditure deflator, GDP deflator, and core PCE
Answers
The four price indexes that are alternatives to the CPI are chained CPI, personal consumption expenditure deflator, GDP deflator, and core PCE.
What is a GDP deflator?The GDP deflator, also called the implicit price deflator, is a measure of inflation. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year. This ratio helps show the extent to which the increase in the gross domestic product has happened on account of higher prices rather than an increase in output.
GDP price deflator measures the difference between real GDP and nominal GDP.
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The full question was incomplete, your question probably was:
What are the four price indexes that are alternatives to the CPI?
What is the value of research in your everyday life and when you are completion a graduate degree? Minimum of 200 words
Answers
Research plays a vital role in everyone's life. It makes humanity more aware of its surroundings and environment. It creates a sense of intellect among the people of society. With increasing technological advancements, everyone must acquire knowledge. Research helps in improving the overall personality.
Research is important to understand, increase knowledge, and get information for social life. Social research is conducted to extend knowledge about some aspects of society like humanities, business or any social science.
Research allows you to pursue your interests, to learn something new, to hone your problem-solving skills and to challenge yourself in new ways. Working on a faculty-initiated research project gives you the opportunity work closely with a mentor–a faculty member or other experienced researcher.
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why should we respect the life and culture of all people living in the country ?
Answers
Explanation:
Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.
What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answers
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625