Which firm has a dominant strategy? (2) What strategy should each firm follow?

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Which firm has a dominant strategy? (2) What strategy should each
firm follow?

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John was discussing the market for cocoa beans with his friend Kim. John said, "Ever since Venezuela announced that its cocoa harvest was its lowest ever in fifteen years, the price of cocoa beans has been rising and rising and people are buying more and more. I think the demand for cocoa beans must be upward sloping." Is John’s reasoning correct? Explain why or why not.
This graph indicates that the consumer (A) at A is indifferent between 0a of apples and 0b of butter (B) at A is consuming either 0a of apples or 0b of butter. (C) is indifferent between 0a of apples plus 0b of butter on the one hand and 0c of apples plus 0d of butter on the other. (D) is correctly described by all of the above.
Describe the equilibrium condition of a consumer who consumes Kenkey and fish when faced with a given income and relative prices of the goods. Starting from equilibrium,how would the consumer respond to: i.Arise in the price of kenkey? ii.A fall in the price of fish?
given that mu1=10-X and mu2=24-Y, if the price X and Y are birr 2 and 6 respectively and mux =2 and muy=4
Determine the elasticity of substitution of the Constant Elasticity of Substitution (CES) production function given below by obtaining its degree of homogeneity.
What are the features of a Monopolistic Competition
Consider an economy that is open to foreign trade and described by the following model: C = 200 + 0.65Y I = 350 G = 500 X = 250 Z = 300 t = 15% m = 20% Yf = 2 000. Where: C = consumption I = investment G = government spending t = tax rate X = exports Z = imports M = marginal propensity to import Yf = full employment income Y = income. 1.1 Calculate the multiplier of the economy. (3) 1.2 Calculate the total autonomous spending. (2) 1.3 Calculate the equilibrium income for this economy. (3) 1.4 Calculate the amount of government spending required to reach full employment level of income. (4) 1.5 Based on the value of net exports, what conclusions can be made about the economy in question? (5) 1.6 Briefly explain the effect of an increase in the tax rate on the multiplier.
find the equilibrium level income and rate of interest from the following information C=40+0.8Yd, 110-5r, T=50, G=50, Md=0.2y-5r, Ms=100