The inverse market demand curve is P = 260 – Q, where Q is the output of Firm 1 and Firm 2, q₁ + q₂. The output of the two firms is identical.

a. Firm 1 and Firm 2 have the same cost structure: AC = MC = $20. If the firms are in Cournot competition, how much profit does each firm earn?

b. Now suppose that Firm 2's production costs increase to AC = MC = $80. If the firms continue their Cournot competition, how much profit does each firm earn?

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Consider the following. = Find the slope of the given line. slope = f'(x) = Function Determine the slope of any line parallel to the given line. slope Find f'(x). y = Line (x, y) = f(x) = 2x² 2x - y + 4 = 0 Find the point on f(x) where the tangent line is parallel to the given line. -(C Find an equation of the line tangent to the graph of f(x) and parallel to the given line. Consider the following. = Find the slope of the given line. slope = f'(x) = Function Determine the slope of any line parallel to the given line. slope Find f'(x). y = Line (x, y) = f(x) = 2x² 2x - y + 4 = 0 Find the point on f(x) where the tangent line is parallel to the given line. -(C Find an equation of the line tangent to the graph of f(x) and parallel to the given line.

Answer rating: 100% (QA)

Solution We evaluate the line integral of H along the four segments beginning at the top ... View the full answer