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
What is the direction of point E with respect to A?
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How far and in which direction is point J from point E?
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In which direction is point E with respect to point H?
Point Q is in which direction with starting point.
If point W is exactly in the middle of points H and A, then what is the direction of point B with respect to point W?
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