Consider;

2.Is there a first-mover advantage in the Bertrand duopoly model with homogenous products?

Select one:

No, the second-mover would be able to set a slightly lower price and capture the full market share.

Yes, first-movers always hold the advantage over other firms.

No, first-movers cannot choose a profit maximizing quantity because the second-mover can always produce a bit less and earn higher profits.

Yes, first-movers may have an advantage, but it depends on the model assumptions.

3 Blueberry bushes can be produced at a constant marginal cost of $10 per bush. there are different types, that grow to different heights. Type 1 which grows up to 1 meter high is priced at $20 per plant, and type 2 which grows to 50 cm in height is priced at $30 per plant. What are the Lerner indices for these two plants?

Select one:

0.5 and 0.67, respectively

1 and 2, respectively

2 and 3, respectively

Both equal one.

4.Suppose a firm produces identical goods for two separate markets and practices third-degree price discrimination. In the first market the firm charges $30 per unit, and it charges $22 per unit in the second market. Which of the following is true?

Select one:

Both markets have the same elasticities of demand.

We cannot comment on the respective elasticities of demand.

Market 2 has a more elastic demand curve.

The Lerner Index is higher in market 2.

Market 1 has a more elastic demand curve.

5.For a two-part tariff, the entry fee is based on the:

Select one:

none of the choices given is correct.

access fee and the consumer surplus is equal to the marginal cost.

consumer surplus and the access fee is equal to the marginal cost.

consumer surplus and the producer surplus.

6.In comparing the Cournot equilibrium with the competitive equilibrium,

Select one:

both profit and output level are higher in Cournot.

profit is higher, and output level is lower in Cournot.

profit is higher, and output level is lower in the competitive equilibrium.

both profit and output level are higher in the competitive equilibrium.

7.Suppose the market demand curve is P = 40 - 2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the reaction function of firm 1?

Select one:

Q1 = 5 - Q2

Q1 = 5 - 1/2Q2

Q1 = 10 - 1/2Q2

Q1 = 40 - Q2

8.Consider the following payoff matrix for a game in which two firms attempt to collude under the Bertrand model:

?Firm B cutsFirm B colludesFirm A cuts6,624,0Firm A colludes0,2412,12

Here, the possible options are to retain the collusive price (collude) or to lower the price in attempt to increase the firm's market share (cut). The payoffs are stated in terms of millions of dollars of profits earned per year. What is the Nash equilibrium for this game?

Select one:

Both firms collude.

B cuts and A colludes.

A cuts and B colludes.

Both firms cut prices.

just the answer is ok

5. What optimization solving technique/ method does EXCEL 6 use to solve linear optimization problems? (3 Points) 7 6 . What is the difference between a linear and non-linear optimization problem? Provide a non-linear term that could be 28 included in a non-linear optimization problem. (3 Points) 29 30 7. List two challenges of conducting non-linear optimization 31 problems? (3 Points) 8. What kind of challenges result from applying utility theory decision analysis? (3 Points) 32A ALZOUG. Shape Outline ente Arrange Quick * Styles - Shape Effects - Drawing Font Paragraph Question 2: Linear Programing Formulation (5 Points) Alton Company manufactures two products, A and B, on machines I and II. The company will realize a profit of $3/unit of product A and a profit of $4/unit of product B. Manufacturing 1 unit of product A requires 6 min on machine I and 5 min on machine II. Manufacturing 1 unit of product B requires 9 min on machine I and 4 min on machine II. There are 5 hr of time available on machine I and 3 hr of time available on machine II in each work shift. Express your answer to the following questions using mathematical equations or inequalities. I a) What is the objective function? (The function to be optimized?) Express your answer using mathematical equations or inequalities. b) What are the constraints? 15 minutes on slideHomework ACCOUNTING instructions | help Question 2 (of 5) > Save & Exit Submit [The following information applies to the questions displayed below.] The following is a list of accounts and amounts for Rollcom, Inc., for the fiscal year ended September 30 2015. The accounts have normal debit or credit balances. Accounts Payable $ 39,800 Accounts Receivable 67,200 Accumulated Depreciation-Equipment 22,200 Cash 81,000 Common Stock 95,500 Equipment 91,400 Income Tax Expense 10,570 Notes Payable (long-term) 1,570 Office Expense 6,370 Rent Expense 164,900 Retained Earnings 99,830 Salaries and Wages Expense 129,400 Sales Revenue 327,840 35,900 Supplies(show all work for full credit) Include all these features: 1. Optimize the following circuits 2. For all questions show the circuit before and after optimization 3. Truth table 4. Boolean expression; Original and optimized 5. Karnaugh Map and optimization process 3 Element Karnaugh Map YZ 00 01 11 10 X 1) F(X Y,Z) =XYZ + XYZ+ XYZ +XYZ 2) F(A.B,C,D) = MI,M5,M6, M9, M10, M13, M14 00 01 11 10 00 0000 | 0001 | 0011 0010 MO M1 M3 M 01 0100 0101 0111 0110 M4 M5 M7 M6 11 1100 1101 1111 1110 M12 M13 M15 M14 10 1000 1001 1011 1010 M8 M9 M11 M10 3) F(A.B,C,D) = MO,MI,M2,M3,M4, M5, M6, M7, M9,M1 1 (same analysis as question 2 just a different way of asking the question with different components)Free response 1. Using a k-map, design a minimum gate, minimum stage optimized circuit for the following schematic below. Show the optimized Boolean expression, and draw the optimized circuit. A B F E