What output level will you choose and what price will charge

Assignment Help Business Economics

Reference no: EM1369424

Q. You know what your competitor's cost function is and it knows yours. Your products, although different to experts, are indistinguishable to average consumer. Your marketing Research team has provided you with following market demand curve: Q = 1,250 - .5P . Your cost function is C A (Q A ) = 8Q A . Your competitor's cost function is C B (Q B ) = 6Q B . Your diligent effort will allow you to decide how much of your product to provide and allow you to place it on market shortly before your competitor will be able to make its product available for sale. What output level will you choose and what price will you charge?

Reference no: EM1369424

Questions Cloud

Explain the contractor agrees that he is fully informed : Explain The contractor agrees that he is fully informed regarding all the conditions affecting work to be done and labour and materials to be furnished for the completion of the contract and that his information was secured by personal investigati..

Natural disaster affects on supply and demand : Assume you are asked to do market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after Spring floods or New Orleans after Hurricane Katrina.

Strategic management process within the global environment : Strategic management process within the global environment - Describe the strategic management process within the global environment.

Compute direction for the resultant : The magnitudes of the four displacement vectors shown in the drawing are A = 20.0 m, B = 11.0 m, C = 12.0 m, and D = 21.0 m.

What output level will you choose and what price will charge : Your diligent effort will allow you to decide how much of your product to provide and allow you to place it on market shortly before your competitor will be able to make its product available for sale. What output level will you choose and what pr..

Preparedness of companies to deal with internal resistance : Areas in which managers must be knowledgeable (e.g., process re-engineering and restructuring, innovating application of goods and services, approaches to managing employees as a vital element in the value chain, methods of achieving and maintaini..

Program to assign anonymous array of double value : Write c++ statements to permit the user to enter n, number of values to be processed; then assign an anonymous array of n double values, storing its address in doublPtr.

What is the final temperature : A skateboarder shoots off a ramp with a velocity of 6.80m/s, directed at an angle of 59° above the horizontal. The end of the ramp is 1.10 m above the ground.

Explain what suggestions could you offer to improve : Explain What suggestions could you offer to improve their competitive positions against one another?

User Account

All Pages