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Suppose there are only two firms supplying in the market and they produce a homogeneous good. Two firms produce the good with the same constant marginal cost. Firms compete by setting price simultaneously . The equilibrium price of both firms must

答案: equal to the marginal cost.

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1081128題目

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Which of the following system is used to manage information about customers, interact with customers, and to improve a company's relationship with its customers?

答案 CRM

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The demand for Chocolate Chip Cookie ice cream is likely quite elastic because

答案: other flavors of ice cream are good substitutes for this particular flavor.

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If cigarettes and marijuana had been found to be substitutes, a tax placed on cigarettes would

答案: increase the demand for marijuana.

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Let A be the area between the curves y = sin x and y = sin 2x from x = 0 to x = π 。then

答案: 2 < A < 3.

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In long-run equilibrium of a competitive market, the number of firms in the markets adjusts so that all of the market demand is satisfied at a price equal to

答案 minimum average total cost

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A simple linear demand function may be stated as Q= a-bP+cI where Q is quantity demanded , P is the product price, and I is consumer income. To compute an appropriate value for c, we can use observed values for Q and I and then set the estimated income elasticity of demand equal to.

答案:  c(I/Q)

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A freeze that destroys half of the water lili crop in Tainan would likely raise the price of water lily,  

答案 reducing the quantity demanded for water lily and increasing the demand for tea