1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Butoxors [25]
3 years ago
11

An industry demand curve faced by firms in a duopoly is P = 69 - Q, where Q = Q1 + Q2. MC for each firm is 0. How many units sho

uld each firm produce? How much money will each firm make?
Mathematics
1 answer:
emmasim [6.3K]3 years ago
7 0

You first need to establish the benefits function B. For each firm it is equal to the amount produced (q1 for firm 1 and q2 for firm 2) multiplied by the price P, minus cost C. It is

B1 = P.q1 - C1 = (69 - q1 - q2)q1 - C1

B2= P.q2 - C2 = (69 - q1 - q2)q2 - C2

As firma Will maximize benefits we need the derivative in q1 and q2 for firms 1 and 2 respectively. This will give us

69 - 2q1 - q2 = 0

69 - q1 - 2q2 = 0

Note that the derivative of cost is null as marginal cost is null.

Thus,

q2= 69 - 2q1

Replacing on the second equation:

69- q1 - 138 + 4q1 = 0

-69 + 3q1= 0

q1= 69/3=23

Replacing in the q2 equation:

q2=69- 46= 23

To find the money they make replace in benefits function. First we find piece P=69-23-23=23. Thus:

B1=23*23-C1

B2=23*23-C2

As we don't have a value for C1 and C2 we can't compute a number for benefits. If you have these values you will have the benefits.

You might be interested in
What is the formulaa to fund % of selling overheads(Tender sheet)​
Lina20 [59]
I might not know the answer to this question but I hope you find one
4 0
3 years ago
Which descriptions of the figure MUST be true? Select all that apply.<br><br> Please help me
Anvisha [2.4K]

Answer:

I think its B and D

Step-by-step explanation:

4 0
3 years ago
How to do questions C and E ? Please help !!! <br> Thank You :)
mestny [16]
It is the right answer.
6 0
3 years ago
Simplify the expression. Write your answer as a power.<br> <img src="https://tex.z-dn.net/?f=%285%5E%7B4%7D%20%29%5E%7B3%7D" id=
Charra [1.4K]

Answer:

5^{12}

Step-by-step explanation:

Lets say there's a number 'x' and there's an expression (x^a)^b where 'a' & 'b' are also numbers , <u>the simplified form of the expression is </u>x^{a \times b}<u>.</u>

So ,

(5^4)^3 = 5^{4 \times 3} = 5^{12}

6 0
3 years ago
Subtract: (3x^2 − 8x + 3) − (−5x^2 + 4x − 5)
koban [17]

Answer:

A

Step-by-step explanation:

Add 3x^2 and 5x^2 now it = 8x^2

Add -8x and -4x = -12x

look at your answer choices the only one that has 8x^2-12x is A

6 0
3 years ago
Read 2 more answers
Other questions:
  • I am a product one of my factors is 9 the sum of my two factors is 13 what number am i
    5·1 answer
  • The formula for any arithmetic sequence is an = a1 + d(n - 1), where an represents the value of the nth term, a1 represents the
    7·2 answers
  • If 100 people get on a train at Liverpool station at 10:25 A.M, and 40 get off at London station at 11:06 A.M, how much is a cup
    5·1 answer
  • You start a lawn care company with four friends. You agree to split the profits equally. The tools you need to buy cost $525. Ho
    8·1 answer
  • Strep throat is caused by Streptococcus bacteria. The amount of bacteria multiplies at a rate of 10^13 per 10^2 hours. Part B Wh
    10·1 answer
  • What is 2x + 3x simplified
    7·2 answers
  • Yesterday, a movie theater sold 269 bags of popcorn. A large bag of popcorn costs $4. A small bag of popcorn costs $1. In all th
    13·1 answer
  • What is the volume of the cone to the nearest cubic millimeter? (Use ​π = 3.14)
    15·2 answers
  • What is the area of the object above? (Picture Attached :D)
    15·2 answers
  • What are the all solutions to the following equation? |3x+2|=17
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!