Question: I need help narrowing down the choices for question 8 of my homework For questions 7 and 8, consider the following scenario. Firms Alpha and

I need help narrowing down the choices for question 8 of my homework

For questions 7 and 8, consider the following scenario. Firms "Alpha" and "Beta" compete by simultaneously choosing quantities of output, denoted q. and qg. After quantities of output are chosen, price is determined by the inverse demand function P (Q) =80-40, where Q= qa + q; denotes the combined output of the two firms. Firm Alpha has costs of C.(q. ) =18q. + 1,750 and Firm Beta has costs of CB(q;) = 2298 +900. From here it follows that the best response function for Firm Alpha is 9a"(9;) =124-29, and the best response function for Firm Beta is 98 (qa) =116 - 2qa. 7. In equilibrium, Firm Alpha produces and Firm Beta produces A. 62 units of output; 58 units of output. B. 88 units of output; 72 units of output. C. 113 units of output; 107 units of output. D. 124 units of output; 116 units of output. 8. In equilibrium, Firm Alpha earns a profit of and Firm Beta earns a profit of A $186; $396. B. $1,770; $1,980. C. $1,936; $1,296. D. $3,686; $2, 196

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