Business, 07.06.2020 03:57 meghan0123
Suppose that there are 100 people in a market for some good. Their reservation price, v, is uniformly distributed between $1 and $50. Suppose also that the good exhibits network externalities. For example, let us suppose that the value of the good to person v is v·n where n is the number of people who are also consuming the good. Imagine the good can be supplied through a constant returns to scale technology so the supply curve is a flat line at the price level that equals average cost. Assume this average cost is $937.5.What is the largest possible size of the network in equilibrium?
Answers: 3
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When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.
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Business, 22.06.2019 19:30
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
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Suppose that there are 100 people in a market for some good. Their reservation price, v, is uniforml...
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