經(jīng)濟學原理第三版習題答案(i)-wenkub.com
2025-06-04 21:43 本頁面
【正文】 then profit would be $30,000 each.c. The problem illustrates how a mon field may be overused, reducing the profits of producers. Since people tend to overuse mon fields, it is more efficient for people to own their own portion of the field. Thus, over time, mon fields have been divided up and owned privately.10. Little Kona should not believe this threat from Big Brew because it is not in Big Brew’s interest to carry out the threat. If Little Kona enters, Big Brew can set a high price, in which case it makes $3 million, or Big Brew can set a low price, in which case it makes $1 million. Thus the threat is an empty one, which Little Kona should ignore。 then they would both get higher profits. But that oute could only be achieved by cooperation (collusion). If that happened, consumers would lose because prices would be higher and quantity would be lower.9. a. If Jones has 10 cows and Smith has 10, for a total of 20 cows, each cow produces $4,000 of milk. Since a cow costs $1,000, profits would be $3,000 per cow, or $30,000 for each farmer.If one farmer had 10 cows and the other farmer had 20 cows, for a total of 30 cows, each cow produces $3,000 of milk. Profits per cow would be $2,000, so the farmer with 10 cows makes $20,000。sDecisionWorkYou get a CClassmate gets a CYou get a BClassmate gets a DShirkYou get a DClassmate gets a BYou get a DClassmate gets a Db. The likely oute is that both of you will shirk. If your classmate works, you39。s revenue would rise to $24 million, costs would be $4 million, so profits would be $20 million, which is an increase of $2 million.d. Cartel agreements are often not successful because one party has a strong incentive to cheat to make more profit. In this case, each could increase profit by $2 million by producing an extra thousand diamonds. However, if both countries did this, profits would decline for both of them.3. a. Buyers who are oligopolists try to decrease the prices of goods they buy.b. The owners of baseball teams would like to keep players39。t agree on arms reductions because each was fearful that after cooperating for a while, the other country would cheat. In advertising, two panies would be better off if neither advertised, but each is fearful that if it doesn39。s DecisionConfessRemain SilentClyde39。sDecisionConfessBonnie gets 8 years Clyde gets 8 yearsBonnie gets 20 yearsClyde goes freeRemain SilentBonnie goes freeClyde gets 20 yearsBonnie gets 1 year Clyde gets 1 year The likely oute is that both will confess, since that’s a dominant strategy for both. The prisoners’ dilemma teaches us that oligopolies have trouble maintaining monopoly profits because each oligopolist has an incentive to cheat.4. It is illegal for businesses to make an agreement about reducing quantities
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