What is the cost of production at the number of units where the company is indifferent between the two technologies?

If actual aggregate expenditure equals aggregate planned expenditure, then

A) firms obtain the desired change in their inventories. B) there is never any change in firms' inventories. C) unplanned inventory changes are negative. D) actual aggregate expenditure might be greater than, equal to, or less than real GDP. E) unplanned inventory changes are positive.

What is meant by the first-mover advantage? How does commitment matter in a game with a first-mover advantage? a. Some games have a first-mover advantage and others do not. Suppose you were playing rock-paper-scissors as an extensive form game

First you choose rock, or paper, or scissors and then your opponent makes a choice. Is there a first-mover advantage in this game? b. Two firms are thinking of entering a new market. If only one enters, it will make high profits. If two firms enter, then both will suffer losses. Suppose that the game is played sequentially, with Firm 1 deciding first. Does this game have a first-mover advantage?