Answer:
the Cournot-Nash equilibrium, Simon's production is 82 units
Explanation:
The Cournot-Nash Equilibrium for Simon's production is calculated as follows:
Reaction function of Carl is as follows:
Carl maximize profit at 
⇒ 
⇒ 
Set
Reaction function of Simon
Since Simon maximize profit at 
Set
Substituting equation (1) into equation (2)
Thus; the Cournot-Nash equilibrium, Simon's production is 82 units
Answer:
The correct answer is that it has occurred that the economy has suffered from inflation.
Explanation:
To begin with, the concept of inflation is known in the economic sciences for refering to the situation where the prices of every good and service in general in the economy have risen up and it is due to the fact that now the acquisition power of the currency has lost value and therefore that every good is now more expensive than before stating that the purchasing power per unit of the money has suffered a reduction. Moreover, a very common intrument to actually measure the inflation is the very well known Consumer Price Index whose major purpose is to accomplish that task.
Answer:
No
Explanation:
No kids get excited to get a little toy with their happy meal, and customers will willingly pay for it. it's not doing any harm, so I don't see why it would be unethical. I guess you could say that it's promoting unhealthy food but children can't buy their own food, so it would be up to the parents decision anyways.
Answer: elastic; inelastic
Explanation:
A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.
In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.
