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- C2) Company A is the only supplier of glass in Big Apple City used for tall buildings’ exteriors. Its marginal cost of production is cA=1, and it has no other production costs. The demand for such glass in Big Apple city is QD=2-P. Company B in Jersey City produces the same glass and is considering whether to expand to Big Apple city. If it enters, it needs to get a permit to allow it to be a supplier in the Big-Apple city at a cost of L=0.5, which does not vary with quantity of output, and its marginal cost of production is cB=0.5. If it expands to the Big-Apple city, companies A and B both supply to the market, and the market price P satisfies QA+QB=2-P, where QA is company A’s production level and QB is company B’s. a) If company B expands to the Big-Apple city, what is the resulting price in a Nash equilibrium? b) Company B hires a consulting company to advise whether it should expand to the Big-Apple city. If you’re running the consulting company, what is your advice? Explain…A pharmaceutical company Eureka Bio has discovered a corona vaccine that can be produced at constant marginal cost of R10. The company has entered into dosage demand of QA=200-PA, and country B has dosage demand QB = 160-PB. a. Suppose that country A has high infection rates, determine the price that Eureka Bio can charge country A and B to prevent a resale between countries. b. If Eureka Bio is the only pharmaceutical company that was successful in developing vaccines, determine the dosage that will be sold to both countries. What will be Eureka's profit?Actual authority is the authoritya partner appears to have to third parties external to the partnership.O. TrueO. False
- Yummy Yummy Popcorn, Inc. sells bags of flavored popcorn in a popular mall. As shop owner and operator, you have observed that weekly popcorn sales are well-described by the demand equation: Q = 1,200 - 800P + 2.0A, where A denotes advertising weekly spending (in dollars). You are currently charging $1.50 per bag of popcorn (for which the marginal cost is $.75) and spending $500 per week on advertising. b) Check whether your current $1.50 price is profit maximizing. If not, determine the store’s optimal quantity and price. c) Should the store consider increasing its advertising spending? Why or why not. Please do fast ASAP fastTrue/False/Uncertain Suppose there is a reallocation from state R to state Q. The Scitovsky paradox of: “Q is socially desirable to R (there is a Pareto improvement of reallocation from R to Q) and simultaneously reallocation of Q to R is also a Pareto improvement” can be avoided (i.e. we can unambiguously state that Q is preferred to R) if the gainers of the movement from R to Q could compensate the losers and still remain better off and the losers cannot bribe the gainers to forego the reallocation from R to Q.Aside from assigning a skilled negotiator, the primary challenge to a successful collective bargaining pricing systemis ensuring that participants stay within the group and abide by the group pricing decisions. a. Trueb. False
- A pharmaceutical company Eureka Bio has discovered a corona vaccine that can be produced at constant marginal cost of R10. The company has entered into offtake dosage agreements with country A and B. Country A has dosage demand of QA=200-PA, and country B has dosage demand QB=160-PB a. If Eureka Bio is the only pharmaceutical company that was successful in developing vaccines, determine the dosage that will be sold to both countries. What will be eureka's profitusing economic reasonings, why are masks so important for Covid-19In the post lockdown scenario it is expected that with economic activity slowing down,impacting buying power of consumers, demand will shift towards smaller cars or low price carsand first time buyers. MarutiUdhyog Ltd.(MUL) is faced with a dilemma. If it retains its presentlevel of profit margin, it will continue to lose its market share and if it cuts down the price toretain the demand for its car and its market share it loses the profit volume. What in youropinion should be the objective of MUL.
- Consider a small town with two competing restaurants: Doug’s Diner and Betty’s Bistro. There is 1000profit to be made in the market. Each period, the restaurants simultaneously decide whether to offer high orlow quality food. In order to offer high quality food, each restaurant must hire an expert chef, which incursan additional cost of 100. The restaurants split the profit equally if they offer the same quality of food. Ifone restaurant offers high quality food while the other offers low quality food, the high quality restauranttakes four fifths of the profit and the low quality restaurant takes one fifth of the profit.(a) Draw up the normal form game matrix, showing the players, strategies, and payoffs.(b) Determine the Nash equilibrium of this game.(c) Explain how the restaurant owners could both be better off than in the Nash equilibrium if they wereable to cooperate. Is the town as a whole better off or worse off when the firms cooperate? Why or whynotYour current prices are $311 in the southwestern region; $278 in the western-region and $240 in the New England region. Your marginal cost is now $212.21. Given the predicted changes in the quantity demanded by region per problem 1 and using the stay even analysis %ΔQd = %ΔP/[%ΔP + ((P-MC)/P)], can you raise the price by 7% in any of the regional markets? State you conclusion and then show all the steps supporting your conclusion. (Note you are not being asked to compute the new price.)Pleqase draw carfully and give me full explanation and correct answer otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.