Pls help with below homework. Select the correct option and explain it in 5-6 sentences The inverse market demand in a duopoly is given p= 40 -(0, +Q) The total cont for fem 1 6 TC1=40, the co2 TC2 AQThe profits earned by the follower(firm2) in a Stackelberg model, equalsa. 12 = 40b. 12 = 80O C. 12 = 81O d. 12 = 162336e. 12 =2%3D

Answered: Image /qna-images/answer/47551996-cffb-41ed-9151-08ac193f4b67.jpg

The inverse market demand in a duopoly is given p= 40 -(0, +Q) The totai cont for fem 1 TC1-40, the con 2TC2 4Qs The profits earned by the follower(firm2) in a Stackelberg model, equals a. 12 = 40 b. 12 = 80 O C. 12 =81 O d. 12 = 162 %3D

The inverse market demand in a duopoly is given p= 40 -(0, +Q) The totai cont for fem 1 TC1-40, the con 2TC2 4Qs The profits earned by the follower(firm2) in a Stackelberg model, equals a. 12 = 40 b. 12 = 80 O C. 12 =81 O d. 12 = 162 %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: How does logistics contribute to time and place utility?

A: Meaning of Time and Place Utility: Place utility refers to when the manufacturer provides the…

Q: Problem 2: Cleo's rides Cleo has a fixed weekly budget for bike and taxi rides, and the more the…

Q: i need g to h

A: Thank you for the question. As per Bartleby's answering guidelines, we answer 3 subparts per…

Q: hey i was doing my homework and i couldnt figure out the last question

A: Average total cost is the per unit cost incurred in producing a commodity.

Q: No chatgpt used i will give 5 upvotes typing please full explanation

A: Selecting the Right Valve for Chemical Slurry Control The client's primary concerns for their 80mm…

Q: Mika eams $340 per week which she spends entirely at the grocery store. purchasing either food or…

A: Given: Income=$340 Price of food = $1 Price of alcohol =$4Food Stamps =$65

Q: Define marginal utility. (50 words)

A: Utility means the satisfaction that a consumer gets after the consumption of a good or service. It…

Q: References Mailings Review View Help In a one-shot game, if you advertise and your rival advertises,…

A: a) From the given information ,we get the payoffs of the game as shown below: Your rival Your…

Q: Suppose that under TANF, your state provides an income guarantee of $2,000 and a benefit reduction…

A: Given information:Temporary Assistance for Needy Families (TANF) program provides:Income guarantee:…

Q: EXERCISE 7 Aisha is considering how to allocate the next 6 hours of her free time. She could choose…

A: Budget Line: given the price of 2 goods and consumer’s income. The budget line shows different…

Q: When savings is 0, I is: A) 500 B) 400 C) -400 D) 2000 E) 2400

A: Aggregate demand is the sum of consumption, investment, government spending and net export in an…

Q: Meaning of utility

A: It is a service that is offered to the general population, such as water, gas, or electricity.

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: Consider an economy with two goods, consumption c and leisure 1, and a representative consumer. The…

A: The consumer's preferences over consumption and hours of work can be represented by the utility…

Q: QUESTION 1 Given the Budget of $1000 P of X=10 10 Q of X 0 10 20 30 40 .50 60 70 80 90 TU of X (10s)…

A: Utility is the level of satisfaction, or a measure of satisfaction, that consumers get by consuming…

Q: 40- Budget line A 30- 20- 10- Budget line B 80 Food, F (units per week) 20 40 60 Clothing, C (units…

A: Theodore has an initiative budget constraint as A and it is now changed to the new budget…

Q: What are the types of utility

A: Utility refers to the total satisfaction that is derived from consuming a good or a service. Utility…

Q: You categorize spending for this month into four categories: Rent, Food, Fun, and Other. The…

A: The given figure depicts the following: 38% of total spending is made on rent 31% of total spending…

Q: nomics i

A: Economics tends to affect our daily lives in both subtle and obvious ways.

Q: I need answer typing clear urjent no chatgpt used i will give upvotes

A: Center of the circle: The center of a circle is a point inside the circle that is exist on equal…

Q: Please do not give solution in image format thanku Calculate the TEV for a standard 1-day car…

A: Fuel cost for universal car: (2 hundred miles / 25 miles/gallon) * $4/gallon = $32Fuel cost for…

Q: pls help safety and morale is a right choice but im missing one Which are examples of intangible…

A: Answer is given below

Q: Can u explain the question little in details please?

A: A joint-stock company is a kind of corporation where shareholders may buy and sell shares of the…

Q: and hot cider for leunch and Spert a tetel of $10.25 the Sandwich Goer. Uhet wes the costef each…

A: Natalie bought a sandwich and a hot cider for lunch. Let the number of sandwich be x and price she…

Q: While deriving consumer's equilibrium, what is given? (a) Income of the consumer (b) Price of the…

A: When a consumer purchases goods and services, he/she wants to attain maximum satisfaction from the…

Q: If the real rate of interest is 3% and the expected rate of inflation is 6%m calculate the nominal…

A: The interest rate generally refers to the amount paid to the lender in return for the borrowed money…

Q: SPEED (Feet per second) 20 18 18 12 10 N 4 5 TIME (Seconds) The area of the shaded quadrilateral is…

A: The question asked us to find the area of the shaded region.

Q: 1. GOODS PRICE (D) A bag of rice Cooking oil Sugar Soap Gas 160.00 35.00 50.00 40.00 150.00 150.00…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: For this you will need to submit 2 documents. A word document with your answers typed out and an…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Value as Marginal Benefit of Successive Items of Five Alternative Goods Produced and Consumed Every…

A: Marginal benefit is the additional benefit obtained by consuming one additional unit of an item.…

Q: en pieces of lemon can produce (1)/(4) cup of juice. How much lemon juice could you expect to obtain…

A: 10 Lemon produce = 1/4 juice A box of lemon contains 85 lemons

Q: Samantha Peters inherited an office building from her father. At the beginning of the year, she…

A: The yearly effective rate of return (also known as the annual effective yield or the annual…

Q: Give typing answer with explanation and conclusion A state department of health is considering a…

A: To determine whether the public awareness campaign to encourage vaccination is worth undertaking, we…

Q: Explain three ways consumers rely on social media to make buying decisions.

A: Social media is a new component for organizations to create new marketing strategies. two third of…

Q: None

A: Explanation of How the Questions Were Answered:Understanding the Consumer's Optimization Problem:The…

Q: Economics Can someone help me understand how (suv 1) was = 0.15 and (SUV 2)= 0.86 Two sport utility…

A: Utility Analysis:Utility analysis is a quantitative approach used in economics and decision theory…

Q: Where is the consumer's new solution if the consumer's preferences are homothetic?

A: All commodity bundles that provide the same amount of utility after consumption are referred to as…

Q: $ per unit 5 4 3 2 1 a b 3 d 0 1 -2 e MC MB (x) 3 Number of units Use the graph above to answer the…

A: Total benefit or total surplus refers to the overall gain or net benefit obtained from a transaction…

Question

Pls help with below homework. Select the correct option and explain it in 5-6 sentences

The inverse market demand in a duopoly is given p= 40 -(0, +Q) The total cont for fem 1 6 TC1=40, the co
2 TC2 AQ
The profits earned by the follower(firm2) in a Stackelberg model, equals
a. 12 = 40
b. 12 = 80
O C. 12 = 81
O d. 12 = 162
336
e. 12 =2
%3D

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Property Rights, Bargaining And The Coase Theorem

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

discuss the attached bar chart
How does household made choices based on budget or their utility satisfaction? Justfiy
5 every day examples of interpersonal utility comparison.
✓ Saved Which of the following production bundles would be considered efficient? P-cakes 60 a Question 4 b C d 50 44 40 34 20 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. 0 60 Pancakes and 0 Bacon 0 Pancakes and 60 Bacon 34 Pancakes and 20 Bacon 20 44 Pancakes and 40 Bacon 40 60 Bacon D
ADDED DISCUSSION WITH QUESTIONS TOPIC: MARGINAL UTILITY 5 6 7 No. of Pieces Total Utility (Q) 1 2 3 4 (TU) 150 225 250 220 8 9 10 11 Marginal Utility is calculated using the formula given below 12 Marginal Utility (TU-TU)/(Q-Q) 13 14 D For 1 Piece For 2 Piece For 3d Piece (86-0)/(A6-0) -(87-86)/(A7-A6) 150 75 (88-87)/(AS-A7) 25 Marginal 15 Utility Formula 16 Marginal Utility 17 For 1st Piece of the Cake Marginal Utility1 = (150-0)/(1-0) Marginal Utility1 = 150 For 4th Piece (89-88)/(AS-AS) -30 For 2nd Piece of the Cake Marginal Utility2=(225-150)/(2-1) Marginal Utility2 = 75 For 3rd Piece of the Cake Marginal Utility3 = (250-225)/(3-2) Marginal Utility3 = 25 For 4th Piece of the Cake Marginal Utility4 = (220-250) / (4-3) Marginal Utility4 = -30 Therefore, here we can see how the marginal utility of a piece of cake declines after the consumption of the previous one. Here, the highest utility is reached at the consumption of the 3rd piece, beyond whichthe total declined. This is a…
What is budget equation for educational services?
QUESTION 23 Quantity Per Week 0 1234 00 0 5 6 7 8 9 Amy 0 5.0 9.9 14.7 194 24.0 28.5 329 37.2 414 Total Utility David 0 600 1200 1800 2400 3000 3600 4200 4800 5400 Robert 0 100 190 270 340 400 450 490 520 510 Michelle 0 60 130 220 310 425 575 900 1275 1770 Refer to the above table. Which of the four people have utility schedules characterized by the law of diminishing marginal utility? O Michelle and David only O Amy and Robert only Michelle only Amy, Robert, and David only
Only typed answer and please don't use chatgpt otherwise I downvote the answer and please answer correctly
why is visual content important?
P P=7 On the following diagram if there is a tax of $3 dollars imposed on sellers, what is the tax burden on sellers? $1 O $2 $3 $7
Only typed answer and please answer correctly
Teresa works mowing lawns and babysitting. She earns 8.40 an hour for mowing and 6.90 an hour for babysitting. How much will she earn for 5 hours of mowing and 1 hour of babysitting?