lustry demand is given by: p= 200 – q. – q2 where q and q2 are the outputs of Firm 1 and Firm 2 respectively. Both Firm 1 and Firm 2 face constant marginal and average total costs of $20. Find the output quantity for each grm. 10 O 20 40 60 Question 16 For the information in the above question, Find the output price. O 70 50 90 100

lustry demand is given by: p= 200 – q. – q2 where q and q2 are the outputs of Firm 1 and Firm 2 respectively. Both Firm 1 and Firm 2 face constant marginal and average total costs of $20. Find the output quantity for each grm. 10 O 20 40 60 Question 16 For the information in the above question, Find the output price. O 70 50 90 100

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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