![subject](/tpl/images/cats/ekonomika.png)
Business, 05.05.2020 08:22 ecolifesfsu4949
Two organic emu ranchers, Bill and Ted, serve a small metropolitan market. Bill and Ted are Cournot competitors, making a conscious decision each year regarding how many emus to breed. The price they can charge depends on how many emus they collectively raise and demand in this market is given by =150−P . Bill raises emus at a constant marginal and average total cost of $10; Ted raises emus at a constant marginal and average total cost of $20.
(a) Find the Cournot equilibrium price, quantity (total and for each rancher), profits (for both ranchers), and consumer surplus.
(b) Suppose that Ted breeds his emus earlier in the year than Bill, and is a first-mover in the market. Find the Stackelberg equilibrium price, quantity (total and for each rancher), and profits (for both ranchers). Does your answer coincide with the first-mover advantage?
(c) Suppose that Bill and Ted merge, and become a monopoly provider of emus. Further, suppose that Ted adopts Bill’s production techniques. Find the monopoly price, quantity, total profits, and consumer surplus.
(d) Has the combination of the two ranches discussed above been good for society or bad for society? Discuss how the forces of monopoly power and increased efficiency tend to push social well-being in opposite directions
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 03:30
Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 10:30
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 10:30
Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
You know the right answer?
Two organic emu ranchers, Bill and Ted, serve a small metropolitan market. Bill and Ted are Cournot...
Questions
![question](/tpl/images/cats/istoriya.png)
History, 31.12.2020 09:30
![question](/tpl/images/cats/mat.png)
Mathematics, 31.12.2020 09:30
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 31.12.2020 09:30
![question](/tpl/images/cats/mat.png)
Mathematics, 31.12.2020 09:30
![question](/tpl/images/cats/health.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 31.12.2020 09:30
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/istoriya.png)
History, 31.12.2020 09:30
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 31.12.2020 09:30
![question](/tpl/images/cats/es.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 31.12.2020 09:30
![question](/tpl/images/cats/mat.png)
Mathematics, 31.12.2020 09:30
![question](/tpl/images/cats/fr.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 31.12.2020 09:30
![question](/tpl/images/cats/mat.png)
Mathematics, 31.12.2020 09:30
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 31.12.2020 09:40
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/en.png)
English, 31.12.2020 09:40