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blagie [28]
2 years ago
8

In a Cournot market with two firms, the inverse market demand curve is P = 20 – 0.5Q, where Q = q1 + q2. (Firm 1's output = q1;

Firm 2's output = q2.) If Firm 2 produces 20 units of output, Firm 1's residual marginal revenue curve is depicted in:
Business
1 answer:
Ksenya-84 [330]2 years ago
4 0

Answer:

MR = 10 – 1q1.

Explanation:

Demand function, P = 20 – 0.5Q

Q = q1 + q2

Now insert Q in the P = 20 – 0.5Q.

P = 20 – 0.5 (q1 + q2)

We have the value of q2 = 20.

P = 20 – 0.5 (q1 + q2)

P = 20 – 0.5 (q1 + 20)

P = 20 – 0.5q1 – 10

P = 10 – 0.5q1

Total revenue of firm 1, TR = Pq1

TR = 10q1 – (0.5q1)^2

Now MR is the differentiation of TR. So the MR after differentiation if TR of firm 1 is:

MR = 10 – 1q1

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Answer:

$13,532 .00

Explanation:

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Answer:

c. 50

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In the scenario above we use the following formula

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SD= √ {(10+15)*(10)^2}

SD= √ (25* 100)

SD= √2,500

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8 0
3 years ago
Read 2 more answers
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Answer:

Total cost of Job A3B=  $31,900

Explanation:

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By the late Middle Ages, several cities, especially in Italy, had began to develop trade networks again, and a merchant class was emerging.

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7. XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2010, buys anot
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