The market demand curve for mineral water is given by P = 15 - Q. If there are two firms that produce mineral water, each with a constant marginal cost of 3 per unit, fill in the entries for each of the four duopoly models indicated in the table. (In the Stackelberg model, assume that firm 1 is theleader.)
Answer to relevant QuestionsThe market demand curve for a pair of Cournot duopolists is given as P = 36 - 3Q, where Q = Q1 + Q2. The constant per unit marginal cost is 18 for each duopolist. Find the Cournot equilibrium price, quantity, and profits.A toll road commission is planning to locate garages for tow trucks along a 100-mile circular highway. Each garage has a fixed cost of $5000 per day. Towing jobs are equally likely along any point of the highway, and cost ...A perfectly competitive firm has MPL = 22 - L. Find and graph its value of the marginal product of labor at a product price of P = 5. Find its optimal quantity demanded of labor at a wage of w = $10/ hr.Members of two groups, the blues and the greens, have productivity values that range from $5 to $15/hr. The average productivity of the blues is $6/hr and the corresponding average for the greens is $12/hr. A costless ...Why is published investment advice unlikely to be worth very much?
Post your question