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Results tagged with producer-theory
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user 5825
Study of the behavior of firms in organizing their production and allocating productive resources.
1
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Retailer Price Setting for Existing Inventory in the Event of an Increase in Price Paid for ...
If you are a retailer, and the price you pay for one of your retail goods goes up, how do you price the inventory you already had (which you paid a lower price for)?
Here is an example of a TFD (True …
- 1,588
11
votes
5
answers
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Are There Giffen Inputs?
I am studying for my candidacy exams and I came across this question on a previous exam. The question is in the TFD (True, False, Debatable) section of the exam. The claim is:
There are no Giffen …
- 1,588
1
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0
answers
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Shape of Isoprofit Curves for Strategic Complements
Two goods are strategic complements if:
$$\frac{\partial \pi_1}{\partial q_2}>0\;\text{and}\;\frac{\partial \pi_2}{\partial q_1}>0$$
The image below is a picture of best response functions and isoprof …
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