Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and
1 answer:
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Answer:
In equilibrium, total output by the two firms will be option e= 300.
Q = +
Q = 100 + 200
Q = 300
Explanation:
Data Given:
Market Demand Curve = P = 1660-4Q
where, P = price and Q = total industry output
Each firm's marginal cost = $60 per unit of output
So, we know that Q = +
where being the individual firm output.
Solution:
P = 1660-4Q
P = 1660- 4( +
)
P = 1660 - 4 - 4
Including the marginal cost of firm 1 and multiplying the whole equation by
Let's suppose new equation is X
X = 1660 - 4
- 4
- 60
Taking the derivative w.r.t to , we will get:
= 1660 - 8
- 4
- 60 = 0
Making rearrangements into the equation:
8 +
= 1660 - 60
8 +
= 1600
Dividing the whole equation by 4
2 +
= 400
Solving for
2 = 400 -
= 200 - 0.5
Including the marginal cost of firm 1 and multiplying the whole equation by
P = 1660 - 4 - 4
Let's suppose new equation is Y
Y = 1660 - 4
-4
- 60
Pugging in the value of
Y = 1660 - 4
(200 - 0.5
) -4
- 60
Y = 1660 - 800
+2
-4
- 60
Y = 1600 - 800
-2
Taking the derivative w.r.t
= 1600 - 800 - 4
= 0
Solving for
4 = 800
= 200
= 200 - 0.5
Plugging in the value of to get the value of
= 200 - 0.5 (200)
= 200 - 100
= 100
Q = +
Q = 100 + 200
Q = 300
Hence, in equilibrium, total output by the two firms will be option
e= 300.
Mr. White was the third and final owner of the talisman in W. W. Jacobs' short story "The Monkey's Paw." He plucked it from the fireplace when the previous owner, Sergeant Major Morris, tossed it there to burn and end the chain of misfortune that came with it. He is motivated mostly by curiosity, since he seems happy with his life and is financially secure.
Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said slowly. "It seems to me I've got all I want."
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