Consi der Hhe fallowing» The inverse femand function is givan by p= 30-@Cournet medel.where Q = E,+* Firm 13 marginal cost is $6lei=6). Fivm 2 uses a nemtechaulagyThere is nothat it's marginal cost is $3 (6=3).fixed cortSoThe fwo fims chooce thairand Compete onlyJame).Answer the follming puestions.O Derive Firm 1 amd Firm 2% vation furtions reupertivaly.o Solve Hhe Harh equilibrium ( ", q")O What is He equilibrinmlevel for eah firm.quenti tias simultaneculy(So it's aone- shot simultaneausonceprice and what is Hhe profitSuppore there isIim 2. Wlhat is the highert price that Firm I iswilling to paj for this newo Mow let's chauge the setup from Coumet campetitionto Bertrand Competitin, while maintaining all eftheraJAump tins. What is He equilibium price?O Suppon the fwe finms engage in Betrand (ompetitionWhat is the hijhut price that Fim 1 o millingfor He new feihnly?* market for the teihue lagy uped byto

Dear Student as you have posted multiple sub-parts in a question but according to the policies and…

O Consi der Hhe follwing Cournot medel. » The inverse femand funstion is given by p= 30-0 where Q = Et Finm 1s marsimal cost is $6(ai=6). Frm 2 uses a new tachalayy There is no s. that it's mangiual cost ir $3 (c,3). fixed cect * The two fims chonce thir quanti tins simultanecurly and Compete' only Jome). Answer the folloning O Derive Firm 1 md Firm 2i veaition O Solve Hhe Mash equilibium (I", q") O What is He equilibinm price and what is He profit level for eah once. (So its a one- shot simulfanecus questions- fuitions. raspertivab firm.

O Consi der Hhe follwing Cournot medel. » The inverse femand funstion is given by p= 30-0 where Q = Et Finm 1s marsimal cost is $6(ai=6). Frm 2 uses a new tachalayy There is no s. that it's mangiual cost ir $3 (c,3). fixed cect * The two fims chonce thir quanti tins simultanecurly and Compete' only Jome). Answer the folloning O Derive Firm 1 md Firm 2i veaition O Solve Hhe Mash equilibium (I", q") O What is He equilibinm price and what is He profit level for eah once. (So its a one- shot simulfanecus questions- fuitions. raspertivab firm.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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o This quertion is continuahs time.) camed with fü canting in Con patent which is able to profit otream' of T(E)= eot where E(>) denotes time, and o (0) is g jiven par ame ter. Notice that' ū CH) stante from 1 (ū Lo) =1) and slowly fecveacer to'o I Ct)=0), The jiven parameter o Suppost y ou generate Own Cim astmally the rate of decrearing since is dace)/ dt fror patent is ,certainly valmable asset. Asumina the ime tantume ond interent, rate Cou tant r Caleul ate Hae present value f your pabent.
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