What is the duopoly cournot equilibrium

Assignment Help Business Economics

Reference no: EM131103694

What is the duopoly Cournot equilibrium - that is, the quantities produced by each firm - if the market demand function is q(p) = 1000 minus 1000p, and each firm has a cost of dollar0.28 per unit?

Reference no: EM131103694

Questions Cloud

Macro-prudential policy-business cycles : One Macro-prudential policy that can counter the systemic risks from the boom/bust finance over the business cycles is?

Recognized as depreciation expense : CosbyCompany purchased a truck that cost $26,000. The company expected to drive the truck 100,000 miles. The truck had an estimated salvage value of $2,000. If the truck is driven 36,000 miles in the current accounting period, Calculate the amounts s..

Uses the double declining balance method : On January 1, 20X1 NCAA Company purchased a truck that cost $24,000. The truck had an expected useful life of 5 years and a $4,000 salvage value. The amount of depreciation expense recognized in 20X3 assuming that NCAA uses the double declining balan..

Cournot equilibrium price for industry : An industry has two firms, each of which produces output at a constant unit cost of $10 per unit. The demand function for the industry is q(p) = 1,000,000/p. Give the best-response function for each firm. What is the Cournot equilibrium price for thi..

What is the duopoly cournot equilibrium : What is the duopoly Cournot equilibrium - that is, the quantities produced by each firm - if the market demand function is q(p) = 1000 minus 1000p, and each firm has a cost of dollar0.28 per unit?

Discuss the effect the renaissance had on psychology : Discuss Skinner's two "mistakes" according to Staddon in addition to Staddon's criticism of Skinner's argument against the "autonomous man".

Monopolist in market with linear inverse demand : Consider a monopolist in a market with linear inverse demand p(q) = 4 minus q/2. The monopolist's cost function is c(q) = 2q. Write down the monopolist's profit function. Compute the profit-maximizing quantity and the corresponding price.

Decrease in supply has no effect on the price of good : Explain what is wrong with the following statement. "A decrease in supply will lead to an increase in the price, which decreases demand, thus lowering price. Thus, a decrease in supply has no effect on the price of a good."

Plot the tenth partial sums of the fourier series : Math 054 Partial Differential Equations - HW Assignment 3. The Fourier Series expansion is given by f(x) = n=1∑∞(1/n)sin nx Plot the tenth partial sums of the Fourier Series of the sawtooth function

User Account

All Pages