What is the profits of each firm as functions of q1 and q2

Assignment Help Business Economics

Reference no: EM1358397

Suppose a second firm enters the market. let Q1 be the output of the first firm and Q2 be the output of the second. Market demand is now given by: Q1+Q2=53-P Assuming this second firm has the same economic costs as the first, write the profits of each firm as functions of Q1 and Q2

Reference no: EM1358397

Questions Cloud

What is the magnitude fn at the highest point : what is the magnitude FN at the highest point. The positive charges are arranged in a square. sides- .10 m the top right is 9 nC bottom right is 3 nC and the bottom left is 1 nC. find the magnitude of the electric field at the fourth corner of the ..

Financial and operational plans-enrolment budgets : Let's say that you work in the budgeting office at a university and you have in front of you the expected student enrollment for the upcoming academic year. Discuss a few financial and operational plans that would be dictated by the enrolment bud..

Compute and label all relevant values in your graph : Show the effect of a 50 percent tax on interest income assuming the substitution and income effects cancel each other out. Compute and label all relevant values in your graph.

Create flowchart to accept length of base of triangle : Create a flowchart that will accept the length of the base and height of a triangle and print the area. Area of a triangle is : area = 1/2b*h ; where b = base and h = height.

What is the profits of each firm as functions of q1 and q2 : Suppose a second firm enters the market. let Q1 be the output of the first firm and Q2 be the output of the second. What is the profits of each firm as functions of Q1 and Q2.

Earths moon in space vehicle moving at constant velocity : A fire hose held near the ground shoots water at a speed of 6.2 m/s.At what angle(s) should the nozzle point in order that the water would land 2.5 m away.

Illustrate what other options might be considered : Smoking is banned from most public buildings in most states across the U.S. today. What type of market failure is the smoking ban intended to address. Illustrate what other options might be considered.

How fast should a car move toward : How fast should a car move toward. A cardinal (Richmondena cardinalis) of mass 3.90×10-2 and a baseball of mass 0.144 have the same kinetic energy. What is the ratio of the cardinal's magnitude of momentum to the magnitude of the baseball's moment..

Program to divide string based on some delimiter string : StringTokenizer is a class in the java.util library that can divide a String based on some delimiter String (a delimiter is a separator). If the instruction StringTokener st = new StringTokenizer.

User Account

All Pages