Assume there are only two producers of tennis rackets: wilson and prince. the market demand for tennis rackets is depicted by the algebraic formula p - 100 - q, where p stands for price and q stands for quantity of rackets. if the market were monopolized, the resulting formula for the monopolist's marginal revenue would be mr- 100 - 2q, where mr stands for marginal revenue. assume that both producers face a constant marginal cost of $40 and that there are no fixed costs ifwilson and prince form a cartel and each agrees to produce one half of the monopolist's profit-maximizing output, how many rackets would each manufacturer produce? 5.1. 15 enter a whole number, with no decimal point

Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.