Suppose two firms compete as Cournot Oligopolists. The profitfunctions of these two firms areT = (150 – q1 - 92)91 – 20q1T2 = (150 – 91 – 92)92 – 2292Which generate the following best response functions.150 – 20 191 =2150 – 20 192 =2a. Plot these reaction functions in a graph with q, on the horizontal axisand q, on the vertical axis.b. Derive, I want to see your work, the Nash equilibrium outcome ofthis game.c. How does the Nash equilibrium change if the demand curve shifts out,a bigger intercept on the demand equation.

Answered: Image /qna-images/answer/74e7017a-71ca-4c9b-807c-6b59f495eeb3.jpg

Answered: a. Plot these reaction functions in a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

Example 9. A Business News channel issued awards to various companies. 38 awards were given on financial performance, 15 on the basis of Business Growth and 20 on the basis of company profile. In all 58 awards were given and three companies got award for all three parameters. How many companies received award for exactly two parameters.
Fuel efficiency, measured in miles per gallon, is a feature often considered by shoppers looking for a new car. The scatterplot shows the vehicle weight of 15 car models in pounds, plotted against their highway fuel efficiency. Which of the labeled points on the graph would be considered a high leverage point? point A point B point C point D
Forecasting: 1. How does the number of periods in moving average affect the responsiveness of the forecast? 2. Contrast the terms sales and demand. 3. KA commercial bakery has recorded sales (in dezens) for three products, as shown below: Blueberry MuHins Cinnamon Buns Day Cupcakes 30 18 45 34 17 26 32 19 27 34 23 35 2 22 30 23 48 23 29 34 36 25. 20 29 24 14 10 31 26 18 35 31 11 27 47 28 26 27 37 34 13 14 31 24 15 33 33 22 a. Predict orders for the following day for cach of the products using an appropriate naive method. b What should the use of sales data instead of demand imply. RNN N N N H.NM p
Mark Question 15 What will happen to the equilibrium price and quantity of new cars if the price of gasoline rises, the price of steet rises public transportation becomes cheaper and more comfortable, and auto workers negotiate higher wages? Select one: Quantity will fall, and the effect on price is anonbique b. Price will fall and the effect on quantity is ambiguous C. Price will rise, and the effect on quantity is ambiguous d Quantity will rise, and the effect on price is snonfique
Q8 A desk lamp produced by DavidLee Company was found to be defective (D). There are three factories (A, B, C) where such desk lamps are manufactured. A Quality Control Manager (QCM) is responsible for investigating the source of found defects. This is what the QCM knows about the company's desk lamp production and the possible source of defects: Factory A B с % of Total Production 25%, or P(A) = 0.25 35%, or P(B) = 0.35 40%, or P(C)=0.40 % of defective 3.5%, or P(D/A) =0.035 4.5%, or P(D/B) = 0.045 6.5%, or P(D/C) = 0.065 If 100 products are randomly selected from these three factories, how many defects will be found?
The Craft Library brews a variety of craft beers in Maboneng and has to decide which one of four potential selling prices to charge for the new caramel lager. The contribution depending on the combination of selling price and demand is shown in the payoff table below: Demand level Selling price R20 R30 R35 R40 Good R70 000 R80 000 R25 000 R40 000 Moderate R40 000 R50 000 R60 000 R30 000 Weak R60 000 R55 000 R30 000 R32 000 If the minimax criterion is applied, determine the price at which Wings Airlines should sell the tickets. A. R35 B. R40 C. R30 D. R20
Q3B All Fresh Seafood is a wholesale fish company based on the east coast of the U.S. Catalina Offshore Products is a wholesale fish company based on the west coast of the U.S. Table #9.2.5 contains prices from both companies for specific fish types ("Seafood online," 2013) ("Buy sushi grade," 2013). Data is in following table: Fish All Fresh Seafood Prices Catalina Offshore Products Prices Cod 19.99 17.99 Tilapi 6.00 13.99 Farmed Salmon 19.99 22.99 Organic Salmon 24.99 24.99 Grouper Fillet 29.99 19.99 Tuna 28.99 31.99 Swordfish 23.99 23.99 Sea Bass 32.99 23.99 Striped Bass 29.99 14.99 Do the data provide enough evidence to show that a west coast fish wholesaler is more expensive than an east coast wholesaler? Test at the 5% level. (iv) Determine sample mean of differences x⎯⎯div Determine sample mean of differences x¯d Enter in decimal form to nearest ten-thousandth. Examples of correctly…
Consider the following model of a monopolistic form, where P is the sale price of the good, MC is marginal cost of producing the good and q is quantity produced (assumed equal to quantity sold) the firm has to sell all units of the good at the same price. p=10-2q MC=2+q If the firm produces 3 units, what will its total cost be? a. £5 b. £10.5 c. £8.25 d. £15
The boxplot below shows salaries for Construction workers and Teachers. Jennie makes the first quartile salary for a construction worker. Markos makes the first quartile salary for a teacher.Jennie makes how much more then Markos? $________________
An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…
3. The point guard of a basketball team has to make a decision about whether or not to shoot a three- point attempt or pass the ball to another player who will shoot a two-point shot. The point guard makes three-point shots 30 percent of the time, while his teammate makes the two-point shot 48 percent of the time. X; 3 0 P(x;) 0.30 0.70 X; 2 0 P(x;) 0.48 0.52 a. What is the expected value for each choice? b. Should he pass the ball or take the shot himself? Explain.

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

a. Plot these reaction functions in a graph with q, on the horizontal axis and q, on the vertical axis. b. Derive, I want to see your work, the Nash equilibrium outcome of this game. c. How does the Nash equilibrium change if the demand curve shifts out, a bigger intercept on the demand equation.