Two firms both produce leather boots. The inverse demand equation is given by P = 280 Q, where Pis the price of boots in USD/pair and Q is quantity of boots in million pair. The cost function is given by: C(Q) = 40Q. If the two firms are Stackelberg oligopolists), the price is equal to: 105 85

Q: PLS HELP ASAP ON BOTH

A: Approach to solving the question:Identify the Problem Areas: Begin by analyzing the reasons for not…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: Describe the steps you will take to create your financial plan and budget

A: We show the The first step is to define and agree on your financial goals and objectives.   A…

Q: responsibility matrix and how would it be used in project management?

A: Responsibility matrix also named as RACI matrix. It is the main component in the completion of a…

Q: What do you understand by emotional labor and emotional managemen

A: In economics, labor refers to the human effort, time, and skill that is used to produce goods and…

Q: How would you measure the cost of earning a college degree?

A: Costs: In economics, the term cost refers to the amount spend to produce or manufacture something.…

Q: Pompeii's Pizza has a delivery car that it uses for pizza deliveries. The transmission needs to be…

A: We are going to use present value approach to answer this question.

Q: What is the manufacturer's main problem?

A: A manufacturing system can be described as a combination of machinery, humans, and equipment bound…

Q: How to perform a cost benefit analysis?

A: There are some costs and benefits associated with each economic activity. Thus, a cost-benefit…

Q: I have placed every visual near the place I write about it. The reader can see the visual without…

A:

Q: you have $84.25. you get additional money for mowing lawns. then you purchase a new pair of shoes…

A: Marginal revenue is defined as the additional revenue earned by an individual when he sells an…

Q: Judging types O Miss deadlines Take a long time to make decisions Are judgmental people Come through…

A: "Judging type" is a term often used in personality typing systems like the Myers-Briggs Type…

Q: There are 15 dozen eggs in a case. The case costs $ 22.56. What doe one egg cost?

A: A dozen consists of 12 units, so we first calculate total number of eggs 15 dozens=15×12=180

Q: I need help for these questions l.

A: Based on this model, households earn income when firms purchase factors of production in the market…

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC