Suppose the inverse demand function for two Cournot duopolists is given by P = 10 − ( Q 1 + Q 2 ) and their costs are zero. 1. What is each firm’s marginal revenue?
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Suppose the inverse demand function for two Cournot duopolists is given by
P = 10 − ( Q 1 + Q 2 )
and their costs are zero.
1. What is each firm’s marginal revenue?
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- Suppose the inverse demand function for two Cournot duopolists is given byP = 10 − ( Q 1 + Q 2 )and their costs are zero. Calculate the MR of firm 1.Consider two identical Cournot firms that have zero marginal cost facing the market inverse demand function: P = 100 – Q - 2 What is the revenue for each firm? Round your answer to the nearest 1 decimal places.Consider a monopolistically competitive market with NN firms. Each firm's business opportunities are described by the following equations: Demand: Q=100N−PQ=100N−P Marginal Revenue: MR=100N−2QMR=100N−2Q Total Cost: TC=50+Q2TC=50+Q2 Marginal Cost: MC=2QMC=2Q As N rises, the demand for each firm's product: rise or fall? How many units does each firm produce? a: 25 b: 400/N c: 25/N d: 25N What price does each firm charge? a: 75N b: 125/N c: 75/N d: 100/N How much profit does each firm make? a: 1,250/N*2−50 b: 2,500/N*2−50 c: 50+625/N*2 d: 1,875/N*2 In the long run, how many firms will exist in this market?
- The market demand curve for a pair of Bertrand duopolists is given as P= 34-3Q, where Q= Q1+ Q2. The constant per unit marginal cost is 16 for each duopolist. Find the Bertrand equilibrium price, total quantity, and total profits. (Round your answers to 2 decimal places (e.g.., 32.16). Enter zero wherever required.) Equilibrium Price: Quantity: Profits: Prev 1 of 10 Next 00:22 14/02/202 o search acerConsider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following equations: Demand: Q=100/N-P Marginal Revenue: MR=100/N-2Q Total Cost: TC=50+Q2 Marginal Cost: MC=2Q a. How does N, the number of firms in the market , affect each firms demand curve? Why? b. How many units does each firm produce? (The answer to this and the next two questions depend on N) c. What price does each firm charge? d. How much profit does each firm make? e. In the long run, how many firms will exist in this market?Only typed answer Two firms both produce leather boots. The inverse demand equation is given by P = 340 - 2Q, where P is 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 output of the leader is equal to: 1) 60 2) 80 3) 75 4) 900
- There are two ice-cream parols on a beach. The dayly demand for ice-creams is given by Q = 3252 - 7p. The average variable cost of an ice-cream is 83 while the rent of the place is 576. How many ice-creams is one company selling if the two ice-cream stands operate as Cournot duopolists? (Please use 2 decimals in your answer.)The market demand curve for a pair of Cournot duopolists is given as P= 34 - 2Q, where Q =Qq+ Q2 The constant per unit marginal cost is 16 for each duopolist. Find the Cournot equilibrium price, total quantity, and total profits. (Round your answers to 1 decimal place (e.g., 32.1).) Equilibrium Price: 5:40 Quantity: d Profits: < Prev 10 of 10 Next 00:21 14/02/202. ere to search acerFirm P has a monopoly on producing printers, and Firm C has a monopoly on producing computers. Printers and computers are complements, and Q is the number of bundles, with one printer and one computer in each bundle. Pp is the price of a printer, and Pc is the price of a computer. The demand function is Q = 10 – Pp – Pc, and marginal cost is zero. he two firms will choose prices to maximize profits, but neither firm knows the price charged by the other firm. Calculate Q, Pp, Pc, and profits for each firm.
- There are two ice-cream parols on a beach. The dayly demand for ice-creams is given by Q = 3079 - 3p. The average variable cost of an ice-cream is 70, while the rent of the place is 966. How many ice-creams is the 'Leader' company selling if the two ice-cream stands operate as Stackelberg duopolists? (Please use 2 decimals in your answer.)Consider a monopolistically competitive market with N firms. Each firm’s business opportunities are described by the following equations: Demand: Q = 100/N – P Marginal Revenue: MR = 100/N – 2Q Total Cost: TC = 50 + Q^2; Q^2 means Q square. Marginal Cost: MC = 2Q What price does each firm charge?Compare the long-run equilibrium position of a perfectly competitive firm and a monopolist.Illustrate your answer with the aid of diagrams.
