The engineering company needs to assure a sufficient durability of the component, in case they switch from their old supplier to a new one.

In order to meet strict maintenance requirements, the optimal life cycle of the components is 1.5 years +/- 0.75 years.

D now represents the expected life cycle of the components offered by the new supplier and D is normally distributed with a mean of 2 years and a variance of 0.5^2 (standard deviation=0.5 years): D ~ N(2; 0.5²).

2. The following data of a particular firm choosing a netput vector at

different prices was collected during the last financial period: at prices (1, 1),

the firm's netput vector is (-2,5). At prices (3,1), the firm's netput vector

is (-1,2). At prices (1,2), the firm's netput vector is (-4, 10).

a) Is this behaviour consistent with the profit-maximising model of the

firm?

b) Draw a precise graph of the largest possible production possibility set

Z based on this data. Briefly describe how you obtained it.

On 31st March 2021, the Finance Minister at the time, Hammad Azhar, proposed the import of sugar from India to address the social inefficiencies caused by sugar mills in Pakistan. Use a diagram to show and explain the deadweight loss ( social inefficiency )caused by sugar mills and the efficiency implications of the Finance Minister’s proposed solution.

https://www.chegg.com/homework-help/questions-and-answers/let-x-result-rolling-fair-4-sided-die-let-y-result-rolling-fair-6-sided-die-let-z-average--q2

3788173

Consider a big oligopolist and a small oligopolist that are Cournot com- peting in the same market. The large oligopolist has minAC=5, which occurs at q = 100, and the small oligopolist has minAC=10, which occurs at q = 10. If they both use labor and capital to produce, with diminish- ing RTS, what can you say about the equilibrium RTS of the big oligopolist, compared to the small? If they are producing a positive amount, what is the most you can tell me about the price? About the quantities? If marginal costs and demand are linear, draw me a picture or two that represent the Cournot equilibrium. Under what conditions would this duopoly reduce down to a natural monopoly? For some linear demand of vour choice, actually solve for the numerical equilibrium if marginal costs are linear. For your example, is duopoly more or less efficient than the big oligopolist operating as a monopoly?