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sol the questions 1) are person consumes two goods and his preference satisfy non-satiation. It follows that at least one of the two goods must

sol the questions

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1) are person consumes two goods and his preference satisfy non-satiation. It follows that at least one of the two goods must be normal goods. True or false ? explown 2) under forst degree price discrimination, a monopolist produces the efficient output . True or false ? use diagram to explain 3) Several generators pollute the air by releasing carbon dioxide. These generators have different cost of reducing carbon emissions. The government wants to put a cap on total emission. Placing a cap on each generator is more efficient compared to issuing trade able emission permits to each generator. True orfalse ? explain 4) two companies ; Company 1 and company 2 sell differentiated items and compete by setting prices , The demand function are 41 = 7 - P, + 12 2 92 - 7 - 12 + companies have a zero cost of production a) Find the nash equilbrium in simultaneous - move game. Find the quantity sold by each companies 6) Find the Subgame - perfect equilibrium of I moves before 2 . Find the quatity Sold by each company () calculate the profits of the two companies for port (b ) . which Company gets more profit, first mover or second? d) explains the intuition for result in port Cc)

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