subject
Arts, 03.01.2022 17:50 DFord001

Consider the Cournot competition between two firms with different marginal costs. For firm 1, let the cost function be: C1(q1)-3*q1 For firm 2. let the cost function be: C2q2)-6q2 The inverse demand function is: P(Q)-12-Q. where Q=q1+q2 In this game, write down the profit functions for firm 1 and firm 2 (as functions of q1 and q2). Then, find the Nash equilibrium quantities for firm 1 and firm 2. In the NE, which firm produces more: the one with the low or the high marginal cost? Note: To get credit, you need to show your calculations and explain your answer.


Consider the Cournot competition between two firms with different marginal costs. For firm 1, let t

ansver
Answers: 1

Another question on Arts

question
Arts, 22.06.2019 02:00
Should this be a boy or a girl i know its horrible just me out
Answers: 2
question
Arts, 22.06.2019 23:00
He fields of graphic design and animation changed completely in a very short period of time in the late twentieth century. nearly everything that was once drawn by hand on a drafting table is now done on a computer screen. what are some of the advantages of this transition to digital techniques? are there any disadvantages? what are some of the skills that today’s graphic designers and animation engineers have that earlier ones did not? are there any skills that have been lost in the move to digital techniques?
Answers: 1
question
Arts, 23.06.2019 10:30
Compare and contrast the architecture and function of the pyramid of djoser and the great pyramids at giza?
Answers: 1
question
Arts, 24.06.2019 06:30
When you shoot using the lowest number possible for your aperture what is it called
Answers: 1
You know the right answer?
Consider the Cournot competition between two firms with different marginal costs. For firm 1, let th...
Questions
Questions on the website: 13722363