Textbook Notes for Juliana Kozak Rogo

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UBCECON 465Juliana Kozak RogoSpring

ECON 465 Chapter Notes -Pennsylvania Route 10, Best Response, Marginal Revenue

OC1326027 Page
9 Jan 2015
82
The equilibria are the two off-diagonal elements. (b) to solve this problem we need to use expected values. If player b chooses to stay his expected pa
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UBCECON 465Juliana Kozak RogoSpring

PS4 Solutions.doc

OC13260210 Page
9 Jan 2015
40
Chapter 12- # 3: for q1 k 1 : mr1=100 2q2 4q1=w=20 , which gives and for q1> k 1 : mr1=100 2q2 4q1=w+ r=40 , which gives, mr2=100 2q1 4q2=w+ r=40 , whi
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UBCECON 465Juliana Kozak RogoSpring

ECON 465 Chapter Notes -Economic Equilibrium, Marginal Cost, Facial Tissue

OC1326024 Page
9 Jan 2015
52
Setting ac (q)=mc (q) obtains q=20 as the individual firm quantity, which minimizes average costs. In the long run, price equals minimum ac, so equilib
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UBCECON 465Juliana Kozak RogoSpring

PS2 Solutions-2.doc

OC1326029 Page
9 Jan 2015
33
We don"t know because we don"t know the cost of different pizzas. Chapter 5, #3 (a) the demand functions for the two consumer groups are. Next, conside
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