Two company face a demand equation given by: P=200,000-6(q1+q2) where q1 and q2 are the outputs of the two firms. The total cost equations for the two company's are given by:

TC1=8000q1 and TC2=8000q2

(A) If each of the firms sets its own output rate to maximize its profits, assuming that the other firm holds its rate of output constant, solve for the optimal output of each firm (q1* and q2*), the optimal price (P*), and the profit of each firm.

(B) If the firms collude, what will be the monopoly price (optimal price P*), total output of the two firms (Q= q1 + q2), and the total profits of the two firms?

Interpretation of lagrange multiplier : Use method of Lagrange multipliers to find the cost function c(r,w,y). Find out the average and marginal cost. Find out the interpretation of the Lagrange multiplier in part (a)? What is the importance of term (a+b) being less than, equal to, or grea.. |

Create console program to prompts user to enter revenue : Create the console program which: Prompts user to enter revenue and expenses computes net income Outputs revenue, expenses and net income. |

Construct a table showing the marginal cost of production : An illegal cartel has been formed through 3-leading ready mix cement suppliers in the local market. Total costs at various levels of service a day are as follows: |

Explain about environmental management system : How is an EMS used to move away from actions dictated by regulations and focus on activities and their effect on the environment, with an eye to shareholder value? |

Calculate the monopoly price : Two company face a demand equation given by: P=200,000-6(q1+q2) where q1 and q2 are the outputs of the two firms. The total cost equations for the two company's are given by: |

What areas are measured in an ems : What areas are measured in an EMS and how do you determine important areas to measure? |

Determine mean time to spend frame to another station : Determine the mean time to spend frame of 1000 bits to another station, measured from beginning of transmission to end of reception? Suppose propagation speed of 100 m/μs. |

Calculating output level of a plant : A company has two plants with the following marginal cost functions: MC1 = 20 +2Q1, MC2 = 10 +5Q2 Where MC1 is marginal cost in 1st plant, |

Monopolistic competition-determining cost function : You're the manager of monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q)=50+8.5Q2 (That's Q squared). |

## Utilizing the economists model of individual choiceUtilizing the economists model of individual choice comparing the marginal costs and marginal benefits of a choice. |

## Illustrate what was the economys biggest riskIllustrate what was the economy's biggest risk--inflation or unemployment. |

## Write down to one paper on john maynard keynesWrite down to one paper on John Maynard Keynes the paper will follow proper MLA format and bibliography. |

## You will be challenged to show one or more of the criteriayou will be challenged to show one or more of the criteria which you believe should be improved at your place of employment. |

## Market imperfection associated with negative externalitiesEssay on Market imperfection associated with negative externalities |

## Effects on the demand curveThe demand for a shake at a Juice Shop can be described by the equation: Q=1000-240P+80N, where Q denotes the number of shakes sold every day, |

## Discuss three ways in which the federal reserve can changeDiscuss three ways in which the Federal Reserve can change the money supply. |

## Compute the growth rate forecast using constant growthCompute the 10-year growth rate forecast using the constant growth model with annual compounding, and the constant growth model with continuous compounding for each occupation. |

## Long run adjustmentsIndustry structure is often measured by computing the Four-Firm Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent. How would I describe this industry? |

## Most of critics argue that america has too many electionsMost of the critics argue that America has too many elections, a surplus of elected officials, and unwieldy layers of government. |

## Assume you are an aid to a government official decidingAssume you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents. |

## Profit maximization decisions of firmAn entrepreneur plans to convert a building she owns into a video-game arcade. Her main decision is how many games to purchase for the arcade. |

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd