What is the follower-s reaction function
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Elaborate on the nature of interest. Clarify the distinction between "simple interest" and "compound interest."
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In the long run, a price increase from $1 to $2 has an elasticity of supply of 1.50. Apply the midpoints approach to the elasticity of supply.
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The inverse demand for a homogeneous-product Stackelberg duopoly is P = 20,000 5Q. The cost structure for the leader and follower, respectively are CL(QL) = 3000QL and CF(QF) =4000QF. What is the follower's reaction function?
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What is the present worth of the planned expenditures at an interst rate of 10% per year?
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