Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by C1 = 60Q1 and C2 = 60Q2, where Q1 is the output of Firm 1 and Q2 the output of Firm 2. Price is determined by the following demand curve P = 300 â Q where Q = Q1 + Q2. a.Find the Cournot-Nash equilibrium. Calculate the profit of each firm at this equilibrium. b.Suppose the two firms form a cartel to maximize joint profits. How many widgets will be produced? Calculate each firmâs profit. c.Suppose Firm 1 were the only firm in the industry. How would market output and Firm 1âs profit differ from that found in part (b) above? d.Returning to the duopoly of part (b), suppose Firm 1 abides by the agreement, but Firm 2 cheats by increasing production. How many widgets will Firm 2 produce? What will be each firmâs profits? a.Cournot Nash equilibrium is 80 units of output and $140 price. Profit for each firm will be $6,400. b.The cartel will produce 120 widgets at $180. The profit of each firm will be $7.200. c.The market output will be 120 widgets, and the profit will be $14,400. d.Firm 2 will produce 90 widgets. Firm 1 profit will be $5,400, and firm 2 profit will be $8,100.

Answers

Answer 1

Firm 2 will produce 90 widgets. Firm 1 profit will be $5,400, and firm 2 profit will be $8,100 using generating function.

In part (a), the Cournot-Nash equilibrium is determined by each firm choosing its output level based on the assumption that the other firm's output level is fixed. At this equilibrium, each firm is producing 40 units, for a total market output of 80 units, and the price is $140. The profit of each firm at this equilibrium is $6,400, which is calculated by subtracting its cost from its revenue.

In part (b), the two firms form a cartel to maximize joint profits. They will produce where their combined marginal cost equals the market price. This results in a production level of 120 units and a price of $180. Each firm's profit will be $7,200, which is calculated by subtracting its cost from its revenue.

In part (c), if Firm 1 were the only firm in the industry, it would produce where its marginal cost equals the market price. This results in a production level of 150 units and a price of $150. The market output would also be 150 units. Firm 1's profit would be $13,500, which is calculated by subtracting its cost from its revenue.

In part (d), if Firm 2 cheats by increasing its production level, Firm 1 will still produce 40 units as per the cartel agreement. Firm 2 will produce 90 units, which is the remaining quantity needed to satisfy the market demand of 130 units. The market price will be $130, and the profit of Firm 1 will be $5,400, which is calculated by subtracting its cost from its revenue. The profit of Firm 2 will be $8,100, which is calculated by subtracting its cost from its revenue.

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Related Questions

Write a sequence of Transformations that takes The figure in Quadrant II to Quandrant IV. PLEASE HELP I WILL MARK YOU BRAINLIEST

Write a sequence of Transformations that takes The figure in Quadrant II to Quandrant IV. PLEASE HELP

Answers

Answer:

To transform a figure from Quadrant II to Quadrant IV, we need to reflect it across the x-axis and then rotate it 180 degrees counterclockwise. Therefore, the sequence of transformations is:

Reflect the figure across the x-axis

Rotate the reflected figure 180 degrees counterclockwise

Note: It's important to perform the transformations in this order since rotating the figure first would change its orientation before the reflection.

determine whether the set s is linearly independent or linearly dependent.s = {(−2, 2, 4), (1, 9, −2), (2, 3, −3)}

Answers

To determine whether the set S is linearly independent or linearly dependent.The set is linearly independent. This is because the only way to make a linear combination of vectors equal to the zero vector is to have all the coefficients equal to zero.

A linear combination of vectors is the sum of a scalar multiple of each vector in the set. We must check if the equation a(-2,2,4) + b(1,9,-2) + c(2,3,-3) = (0,0,0) has only the trivial solution, i.e., a=b=c=0. This gives us the system of equations,-2a + b + 2c = 01a + 9b + 3c = 02a - 2b - 3c = 0We can solve the system of equations by using Gauss-Jordan elimination. The augmented matrix for the system is:[-2 1 2 0][1 9 3 0][2 -2 -3 0]Let's use elementary row operations to simplify the matrix.

We can swap the first and second rows since the first element in the second row is 1.[1 9 3 0][-2 1 2 0][2 -2 -3 0]We can then add twice the first row to the third row to eliminate the leading coefficient in the third row.[1 9 3 0][-2 1 2 0][0 16 3 0]We can then add nine times the first row to the second row to eliminate the leading coefficient in the second row.[1 9 3 0][0 17 15 0][0 16 3 0]We can then add -16/17 times the second row to the third row to eliminate the leading coefficient in the third row.[1 9 3 0][0 17 15 0][0 0 -117/17 0]We see that the only solution is a=0, b=0, and c=0. Therefore, the set S is linearly independent.

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Estimate.
4,754 dived by 1.9 =

Answers

Answer:

2502.1

Step-by-step explanation:

4754/1.9

= 2,502.1

Hence the andwer is 2502.1

Which of the following equations could represent the line of best fit for this scatter plot?


A. y = ‒10x + 2
B. y = 2x ‒ 10
C. y = 10x ‒2
D. y = ‒2x + 10

Which of the following equations could represent the line of best fit for this scatter plot?A. y = 10x

Answers

A possible line of best fit for the scatter plot is given as follows:

D. y = -2x + 10.

How to define a linear function?

The slope-intercept equation for a linear function is presented as follows:

y = mx + b

The parameters of the definition of the linear function are given as follows:

m represents the slope of the function, which is by how much the dependent variable y increases(positive) or decreases(negative) when the independent variable x is added by one.b represents the y-intercept of the function, representing the numeric value of the function when the input variable x has a value of 0. On the case of the graph, the intercept is given by the value of y at which the graph crosses or touches the y-axis.

From the graph, when x = 0, y = 10, hence the intercept b is given as follows:

b = 10.

When x increases by 5, y decays by 10, hence the slope m is given as follows:

m = -10/5

m = -2.

Hence the function is:

y = -2x + 10.

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help plsss its due by tonight!!

help plsss its due by tonight!!

Answers

Answer:

i am pretty sure the answer is d.

Step-by-step explanation:

let me know if this is wrong

Need Help!!!
Radius= 4
Height= 6
Pi= 3.14

Need Help!!! Radius= 4Height= 6 Pi= 3.14

Answers

Answer:

301.44

Step-by-step explanation:

V = h x π x r^2

V = 6 x 3.14 x 4^2

V = 301.44

hope this helped!

Item 6

In the number 730.31, how does the value of the 3 in the tenths place compare to the value of the 3 in the tens place?


Drag and drop a fraction into the box to correctly complete the statement.


The value of the 3 in the tenths place is Response area the value of the 3 in the tens place.

Item 6In the number 730.31, how does the value of the 3 in the tenths place compare to the value of the

Answers

The value of the 3 in the tenths place is 1/100 the value of the 3 in the tens place.

What is a decimal?

A decimal is a number that is made up of integers and non integers. An example of a decimal is 32.12.

Where:

7 is the hundreds value. It the first number to the left of the decimal point  3 is the tens value. It the  second number to the left of the decimal point  0 is the unit value. It the third number to the left of the decimal point  3 is the tenth value.  It is the first number after the decimal point.1 is the hundredth value. It is the second number after the decimal point.

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I NEED THE RIGHT ANSWER TO THIS MATH QUESTION ASAP NO LINKS !!!

I NEED THE RIGHT ANSWER TO THIS MATH QUESTION ASAP NO LINKS !!!

Answers

H=-14
Hope this helped

Answer:

The correct option is third, H = - 14

Step-by-step explanation:

H = - 2×7

= -14

help me pleaseeeeeeeee

help me pleaseeeeeeeee

Answers

Answer:

Angles on a straight line add up to 180 degrees so for the 129 degrees you will take 180 - 129 = 51. In the triangle you will add 51 and 55 = 106 but remember in a triangle all angles should be equal to 180. So 180 - 106 = 74. X=74degrees

In a triangle, the interior angles have a sum of 180 degrees. To determine the value of x, you need to first find the measure of the angle supplementary to the exterior angle.

Since the exterior angle is 129 degrees, the other angle supplementary to it would equal 51.

After you know that, add 51 + 55 = 106

180 - 106 = 74, so the measure of x is 74 degrees.

WELL, SO FAR THIS SITE IS FAILING ME BAD UNFORTUALETY! DAMMIT! I NEED SMART PEOPLE WITH RIGHT ANSWERS AND NOT INCOMPLETE OR WRONG JUST FOR POINTS BECAUSE it's GETTING RIDICULOUS NOW MAN! SOMEBODY OUT THERE HELP ME TRUTHFULLY!

Answers

Answer:

How can I help you?

Step-by-step explanation:

I will try my hardest and best to help you.

(p.s. I just saw your profile and most of the questions include pictures, on my end, it says that these pics are blocked. So, try asking the question without having to take a picture, instead, just type the question out. (and include the choices, if there are any))

Is this graph of a function yes or no

Is this graph of a function yes or no

Answers

Answer: It could be, just add two dots at the smiley face, BOOM! The function of Facial muscles in humans.

Step-by-step explanation:

It’s a functionnnnnnnnnnnnnnnnnnnn

HLEP NUMBER 3 HELPPOO

HLEP NUMBER 3 HELPPOO

Answers

Answer:

8.3333333 square & root of 25

Step-by-step explanation:

Please help me please please

Please help me please please

Answers

Answer: The answer is A bc you have to multiply .57 and 18. Hope this helps

A I had this question before

Please help me with this. Thanks!

Please help me with this. Thanks!

Answers

Answer:

the plane is descending at a rate of 8,300 feet per minute

Step-by-step explanation:

31,275 - 22,975 = 9,300

BRAINLIEST PLEASE!

The perimeter of a square room is 80 feet. How many floor tiles 1 foot square would be needed to cover the area of the room

Answers

We would require 400 square tiles, each measuring one square foot, to cover the whole surface of the square room.

If the perimeter of the room is 80 feet, we know that all four sides of the square room have the same length. To find the length of each side, we can divide the perimeter by 4: 80 feet / 4 = 20 feet.

Now that we know the length of each side of the room, we can find the area of the room by squaring that measurement: 20 feet x 20 feet = 400 square feet.

To find the number of floor tiles needed to cover the area of the room, we divide the total area of the room by the area of each tile: 400 square feet / 1 square foot/tile = 400 tiles.

So, to cover the entire area of the square room, we would need 400 square tiles of one square foot each.

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Please give some specific examples for significant zeros and
nonsignificant zeros?

Answers

Significant zeros are zeros that contribute to the precision of a number, while nonsignificant zeros are placeholders or indicate the magnitude of a number.

Significant zeros are zeros that are considered significant and contribute to the precision of a number. They are located between nonzero digits or at the end of a number with a decimal point.

For example:

In the number 4,503, the zeros between 4 and 3 are significant.

In the number 0.00856, the zeros after the decimal point and before the 8 are significant.

Nonsignificant zeros, on the other hand, are zeros that do not contribute to the precision of a number and are used for placeholders or to indicate the magnitude of a number. They are typically located at the beginning or end of a number without a decimal point. Examples include:

In the number 0420, the zero at the beginning is nonsignificant.

In the number 0.003, the zeros before the decimal point is nonsignificant and serve as placeholders.

It's important to note that the significance of zeros can vary depending on the context and the rules of significant figures or decimal places being used in a specific calculation or measurement.

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Jessica purchased a dvd that was on sale for 12% off. the sales tax in her county is 3%. let y represent the original price of the dvd. write an expression that can be used to determine the final cost of the dvd. how do i solve a problem like this ? khan academy

Answers

Jessica purchased a DVD that was on sale for 12% off.

The sales tax in her county is 3%.

Let, y represent the original price of the DVD.

We can simply solve this mathematical problem by using the following mathematical process.

Here, we will form an algebraic expression, according to the given data.

So,

The original price of the DVD = y

Discount on the original price :

y * 12/100

=3y/25

Price after discount :

y - 3y/25

=25y - 3y/25

=22y/25

Sales tax amount :

22y/25 * 3/100

11y/25 * 3/50

=33y/1250

Final price including the sales tax :

22y/25 + 33y/1250

1100y + 33y/1250

1133y/1250

(This will be considered as the final result.)

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The count in a bacteria culture was 200 after 15 minutes and 1500 after 40 minutes. Assuming the count grows exponentially, What was the initial size of the culture? Preview Find the doubling period. O Preview Find the population after 105 minutes. Preview When will the population reach 12000.

Answers

The population after 105 minutes is 282651.0114.

What is exponential growth?

Exponential growth is the process by which quantity rises over time. It occurs when a quantity's instantaneous rate of change with regard to time is proportionate to the quantity itself.

Here, we have

Given: The count in a bacteria culture was 200 after 15 minutes and 1500 after 40 minutes. Assuming the count grows exponentially.

Exponential growth is modeled by the equation: P(t) = P₀\(e^{kt}\)....(1)

where P(t) is the population at time t, P₀ is the initial population and k is the growth rate.

Given

200 after 15 minutes

Now, we put the values in equation (1) and we get

200 = P₀\(e^{15k}\)...(2)

Also, 1500 after 40 minutes

1500 = P₀\(e^{40k}\)...(3)

Now, we divide equation(3)by (2) and we get

1500/200 = \(e^{40k}\)/\(e^{15k}\)

15/2 = \(e^{25k}\)

Now, we take a log and we get

ln(15/2) = 25k

k = ln(15/2)/25

k = 0.0805

Now, we put the value of k in equation(2) and we get

200 = P₀\(e^{15(0.0805)}\)

Initial size of the culture P₀ = 59.702

Now, we find the doubling period:

f(t) = 2P₀

We know that f(t) = P₀\(e^{kt}\).

2P₀ = P₀\(e^{kt}\)

\(e^{kt}\) = 2

Now, we take a log and we get

ln(2) = kt

t = ln(2)/k

t = ln(2)/0.0805

t = 8.600

The time taken to doubling period is 8.600 minutes.

Population after 105 minutes:

f(t) = P₀\(e^{kt}\)

f(t) = 59.702\(e^{0.0805*105}\)

f(t) = 282651.0114

Hence, the population after 105 minutes is 282651.0114.

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A person who is standing on a ledge throws a rock into the air. The rock reaches a maximum height of 676 feet
above the ground after 1.5 seconds.
If the rock hits the ground below the ledge 8 seconds after it is thrown, which quadratic function can be used to find
the height of the rock above the ground t seconds after it is thrown?
A. H(t) = -9/16(t-8)^2+676
B. H(t)= -9/16(t+8)^2+676
C. H(t)= -16(t-1.5)^2+676
D. H(t)= -16(t+1.5)^2+676

Answers

B hope it’s right I’m not sure

A bag contains:
.
5 red marbles
6 blue marbles
3 green marbles
4 black marbles
• 2 yellow marbles
A marble will be drawn from the bag and replaced 100 times. What is a reasonable prediction
for the number of times a green or black marble will be drawn?
F 14
G 65
H7
J 35

Answers

Answer:

j.35 times

Step-by-step explanation:

j. 35 times

self explanatory

What do the coordinates of an undefined slope have in common?

Answers

The coordinates of an undefined slope are points that are either the same or have no x-value. In both cases, the slope of a line between these points would be undefined because it would involve dividing by 0, which is not allowed in mathematics. This is because the slope of a line is calculated by dividing the difference in y-coordinates by the difference in x-coordinates, and if the x-coordinates are the same or do not exist, this division would result in an undefined value.

Help pls
x/9= -5
What is x

Answers

Answer:

-45

Step-by-step explanation:

Answer:

x= -45

Step-by-step explanation:

Let's solve your equation step-by-step.

x/9 = -5

Classify each triangle by its sides.
3.

1)Scalene
2)isosceles
3)equilateral
4)acute

Classify each triangle by its sides.3.1)Scalene2)isosceles3)equilateral4)acute

Answers

Answer:

1

Step-by-step explanation:

None of the sides are equal. Isosceles means that 2 sides are equal. Equilateral means that all sides are equal.

Find a polynomial function of lowest degree with rational coefficients that has the given numbers as some of its zeros. 1+i, 1 The polynomial function in expanded form is f(x) =

Answers

The polynomial function in expanded form is f(x) = x² - 3x² + 4x - 2.

A polynomial function with rational coefficients that has the given numbers as zeros, considering their conjugates . Since 1+i is a zero, its conjugate 1-i must also be a zero.

Using the zero-product property,  that if a polynomial has a zero at a given number, then the polynomial must have a factor of (x - zero). Therefore, the polynomial function with the given zeros can be written as:

f(x) = (x - (1+i))(x - (1-i))(x - 1)

Expanding this expression,

f(x) = ((x - 1) - i)((x - 1) + i)(x - 1)

= ((x - 1)² - i²)(x - 1)

= ((x - 1)² + 1)(x - 1)

= (x² - 2x + 1 + 1)(x - 1)

= (x² - 2x + 2)(x - 1)

= x² - 2x² + 2x - x² + 2x - 2

= x² - 3x²+ 4x - 2

.

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simplify -7(3z+5t-3g)

Answers

Answer:

-21z-35t+21g

Step-by-step explanation:

-7x3z=-21z

-7x5t=-35t

-7x-3g=21g

Put in ascending order 0.32, -1.9, square root, 2 pi, 2/3

Answers

Answer:

Chicken

Step-by-step explanation:

When the chicken gets rolled in the batter. it gets fried after.

2.(03.01)
The range of the following relation R {(3,-2), (1, 2), (-1,-4), (-1, 2)} is (1 point)
O {-1, 1, 3}
O {-1,-1, 1, 3}
O {-4, -2, 2, 2)
O {-4, -2, 2}
I will mark as brainliest

Answers

I think the answer is the last one
(-4,-2,2)

Answer:

{-4,-2,2}

Step-by-step explanation:

A recent article in the paper claims that business ethics are at an all-time low. Reporting on a recent sample, the paper claims that 45% of all employees believe their company president possesses low ethical standards. Suppose 20 of a company's employees are randomly and independently sampled and asked if they believe their company president has low ethical standards and their years of experience at the company. Could the probability distribution for the number of years of experience be modelled by a binomial probability distribution?

Answers

Answer:

Yes, the probability distribution for the number of years of experience can be modelled by a binomial probability distribution

Step-by-step explanation:

We are told that on a recent sample, the paper claims that 45% of all employees believe their company president possesses low ethical standards.

This means the chance of success is p = 45% = 0.45

Now, 20 of the company's employees are randomly and independently sampled. This means that for any amount of success within this sample number can be represented by;

P(X = x) = C(n, x) × p^(x) × (1 - p)^(n - x)

Where;

x is the number of possible successes

n is the number of trials

p is the chance or probability of success

C(n, x) is the number of possible combinations that could occur

This formula represents the binomial probability distribution formula.

So yes, the probability distribution for the number of years of experience can be modelled by a binomial probability distribution

What i 464 divided by 60 with a remainder?
(trying to figure out how many hour i 464 minute)

Answers

When we divide the 464 by 60 we get the following remainder in our answer that is 44.

What do math remainders mean?

The Remainder is the name for the value that is left behind after division. If an amount (reward) cannot be divided completely with another number, we are left with only a meaning (divisor). The remaining is the name for this amount. For instance, 10 is not precisely divisible by 3. We can calculate 3 x 3 = 9 because that is the closest value.

Briefing :

7.733333333333333

=7 44/60 ⇔ 7 R 44

464 divided by 60

=7 with a remainder of 44

Here, we provide you the outcome of the dividing with remainder, often known as the Euclidean division, along with a brief explanation of the following terms:

464 divide by 60 yields a quotient and residual of 7 R 44.

464 is the dividend & 60 is the divisor; the division (numeric division) of 464/60 is 7; the remainder ("left over") is 44.

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Isabella has a total of 150 music cds .she love rock music and alternative music .the number of alternative music cds is three that of the rock music cds that she owns. write the two equations that represent this information .

Answers

The two equation that represents the information is x + y = 150

y = 3x

How to form an equation?

let

the number of rock music = x

the number of alternative music = y

Therefore,

x + y = 150

y = 3x

The two equation that represent the information are as follows:

x + y = 150

y = 3x

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