Table 17-25 There are just two producers of a certain product. Each is consideri
ID: 1130533 • Letter: T
Question
Table 17-25 There are just two producers of a certain product. Each is considering offering promotional discounts. Firm A Offers discount Does not offer discount Firm A profit $90.000 Firm A proft-$120.000 Fim1B profit-S90,000 | Finn B profit = $70,000 Firm A profit $70,000 Firm A profit-$80,000 Firm B profit 120,000 Firm B profit $80,000 Does not offer discount Firm B Offers discount 32. Refer to Table 17-25. The dominant strategy a. for both firms is to offer the discount. b. for both firms is to not offer the discount. c. for firm A is to offer the discount. The dominant strategy for firm 8 is to not offer the discount. d. for firm A is to not offer the discount. The dominant strategy for firm B is to offer the discount. 33. Refer to Table 17-25. At the Nash equilibrium, how much profit will Firm A earn? a. $120,000 b. $90,000 .$80,000 d. $70,000 34. Which of the following is an example of a capital input? a. b. c. d. a computer a share of stock an hour of a worker's time $50,000 35. Which of the following is not an assumption of the productions possibilities frontier? a. A country produces only two goods or types of goods. b. Technology does not change c. The amount of available resources does not change. d. There is a fixed quantity of money. 36. Production is efficient if the economy is producing at a point a. b. c. d. on the production possibilities frontier. outside the production possibilities frontier. on or inside the production possibilities frontier. inside the production possibilities frontier.Explanation / Answer
(32) Option (a)
(33) Option (c)
(34) Option (a)
(35) Option (d)
(36) Option (a)
NOTE: As specifically asked, no explanations have been provided.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.