Suppose that the (inverse) market demand for good A is given by P = 400 - 2Q Where Q is total industry output. There are two firms that produce A. Each firm has a constant marginal cost of production equal to Rs.40 and they are competing in quantities. That is, they each choose production levels simultaneously. Calculate profit maximising total quantity
Equating both BR functions, q2 = 90 – 0.5 (90 - 0.5 q2) q2 = 90 – 45 + 0.25 q2 0.75 q2 = 45 q2 = 60 Also, q1 = 90 – 0.5 (60) = 90 – 30 = 60 Q = q1 + q2 = 120
In the morning Ram and Shyam were talking to each other face to face. If Ram’s shadow was exactly right to Shyam. Which direction Shyam is facing?
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What is the shortest distance between point M and point N?
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S is in which direction with respect to V?
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In which direction is S with respect to T?
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