4 A duopoly faces a market demand of p 150 -a Firm 1 has a constant marginal cost of MC-$40. Firm 2's constant marginal cost is MC - sa0. Calculate theoutput of each firm, market output, and price if thare is (a) a collusive equilibrlum or (b) a Cournot equilibriumThe collusiva equilibrlum occurs where q, equals and q, equals (Enter numeric responses using real numbers rounded to two decimal placea)Market output isThe collusive equilibrium price is SNThe Cournot-Nash equilibrium occurs where q, equalsand a equalsMarket output isFurthermore, the equilibrium occurs at a price of $

Collusion equilibrium: Collusion may be a non-competitive, secret, and typically criminal agreement…

A duopoly facen a market demand of p 150 -a Firm 1 han a constant marginal cost of MC-$40. Firm 2s constant marginal cost is MC - sa0. Calculate the output of each firm, market output, and price if thare is a collusive equilibrlum or (b) a Coumot equlibrium The colluslva equilibrkum occurs where q, equals and q, nquals O (Enter numeric responses using real numbers rounded to hwo decimal placea) Market output is The collusive equilibrium price is SN The Cournot-Nash equilbrium occurs whare q, equalsand a equals sjenbe Market output is Furthermore, the equilibrium occurs at a price of $

A duopoly facen a market demand of p 150 -a Firm 1 han a constant marginal cost of MC-$40. Firm 2s constant marginal cost is MC - sa0. Calculate the output of each firm, market output, and price if thare is a collusive equilibrlum or (b) a Coumot equlibrium The colluslva equilibrkum occurs where q, equals and q, nquals O (Enter numeric responses using real numbers rounded to hwo decimal placea) Market output is The collusive equilibrium price is SN The Cournot-Nash equilbrium occurs whare q, equalsand a equals sjenbe Market output is Furthermore, the equilibrium occurs at a price of $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

16
ctors) on of es 1. Relationship of data usage and bill Data Usage(GB/month) 0 10 20 30 Bill($/month) 10 30 50 70 A. Draw the graph, placing data usage horizontally(on the X axis) and bill vertically(On the Y axis). B. How much is the monthly fixed fee? C. How much is the charge per GB? D. What is the Equation that describes the relationship, where data usage is denoted by D, and bill by B? E. How much would be the charge for 50 GB use per month?
PLS HELP ASAP ON BOTH
3-The IT functions do not directly support the business objectives of an organization Select one True False
1. The strongest case for a rent ceiling via rent control is when . . .(a) Demand is inelastic because the rent ceiling may even increase supply.(b) Supply is elastic because the rent ceiling will increase the elastic supply.(c) When prices are high because then landlords are taking advantage of renters.(d) None of the above.
Figure A Q Figure B Figure C Price (dollars per unit) 15- Price (dollars per unit) 15 Price (dollars per unit) 15- 14- 13- 12- 11- 10- MC MC 14- 14- 13- 12- 11- 10- „MC ATC 13- 12- 11- 10- ATC ATC MR MR MR 9- 9- 9- 8- 8- 8- 7- 7- 6- 90 100 100 100 1i0 Quantity (units) 90 110 90 110 15 Qua Quantity (units) Quantity (units) Consider a perfectly competitive firm in a short-run equilibrium. Figure shows a firm in bad times because the firm produces units and makes a(n) O A. A; 100; economic loss O B. B; 90; economic profit O C. A; 110; economic loss O D. C; 100; economic loss O E. C; 100; normal profit
per ogr 82.00 20.00 17.50 16.00 12.00 10.00 7.50 6.00 2.60 250 500 750 1000 120 1500 1750 Quantity of ehrimp (in kilogram) Government of Canada has introduced deficiency payment program with a target price equal to $1750 per kilogram of Shrimp, Government spending under the program is Select one Oa $12,500 Ob $22500 Oc $15,000
Solve the attachment.
1. A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this production, the company need to spend 90000 pesos weekly for materials, utilities and transportation. The manager also pays a fixed cost of 10000 pesos per week. HOW MUCH per steel bar should they sell to gain a profit of 40% of the total cost?
ONLY NEED QUESTIONS 5,6,8,10 and 13
AFCATC $120150 6085 4060 3048 2145 2042 17.444 1548 MC 30 20 10 12 28 38 50 72 Quantity 2 3 4 7 Refer to the above information to answer this question. What is the value of the breakeven price? O a) $42 Ob) $40 Od $18 Od) $30
8