7. Solve Problem 2 (text page 464) again on the assumption that the demand function that the cartel faces increases to

Q' = 150 - 10P

**Including screenshots of problem 2 for reference because it is mentioned in problem 7 but I only need help with problem 7!

Chrome File Edit View History Bookmarks Profiles Tab Window Help Sat Jun 12 12:30 PM . .. Module 6 Problem Set Work My Library RedShelf Managerial Economics in a Glol x + C platform. virdocs.com/r/s/0/doc/561152/sp/180988075/mi/575564743?cfi=%2F4%2F4 ii Apps M Inbox - kfeuerhak. Dashboard Cedarinfo: Main M... . WFAM104_21P Air.. My Drive - Google. in Cedarville Univers.. Google Docs S Drive >> Other Bookmarks Reading List =-70 + 376.56 -221.56 = $85 (the minimum n required) APPENDIX PROBLEMS 1. Given Q =9 - P, find (a) the reaction functions of The oligopolist's total cost function is duopolists A and B, (b) the Cournot equilibrium, and (c) the price. TC = 3.50 + 2- 2. The demand function for price increases and for price cuts for an oligopolist are, respectively, (a) Derive the MR, MR,, and MC functions facing 2 = 210 - 30P, or P = 7 - 2 the oligopolist. (b) Determine the price and output at the kink on the demand curve. (c) Determine the upper and lower limits of the MR gap and prove that Q2 = 90 - 10P, or P, = 9 - 2 2 10 JUN 12 4 W RChrome File Edit View History Bookmarks Profiles Tab Window Help Sat Jun 12 12:30 PM . .. Module 6 Problem Set Work My Library RedShelf Managerial Economics in a Glol x + C platform. virdocs.com/r/s/0/doc/561152/sp/180988076/mi/575565376?cfi=%2F4%2F4 i Apps M Inbox - kfeuerhak.. " Dashboard Cedarinfo: Main M... . WFAM104_21P Air.. \\ My Drive - Google... in Cedarville Univers.. = Google Docs @ S Drive >> Other Bookmarks Reading List CHAPTER 10 MC falls in the MR gap. (d) Find the value of the 5. Given Q = 120 total profits of the oligopolist. oligopolistic firm 3. Solve Problem 2 again on the assumption that the output at which demand function that the cartel faces increases to profits, and calc Q' = 150 - 10P and calculate P, calculate P, TR, 4. Determine mathematically the monopoly solution for constraint of $15 Problem 3. JUN 12 4 W R