Kindly solve from part D - F. Thanks a lot. Consi der Hhe fallowing» The inverse femand function is givan by p= 30-@Cournet medel.where Q = E,+* Firm 13 marginal cost is $6lei=6). Fivm 2 uses a nemtechaulagyThere is nothat it's marginal cost is $3 (6=3).fixed cortSoThe fwo fims chooce thairand Compete onlyJame).Answer the follming puestions.O Derive Firm 1 amd Firm 2% vation furtions reupertivaly.o Solve Hhe Harh equilibrium ( ", q")O What is He equilibrinmlevel for eah firm.quenti tias simultaneculy(So it's aone- shot simultaneausonceprice and what is Hhe profitSuppore there isIim 2. Wlhat is the highert price that Firm I iswilling to paj for this newo Mow let's chauge the setup from Coumet campetitionto Bertrand Competitin, while maintaining all eftheraJAump tins. What is He equilibium price?O Suppon the fwe finms engage in Betrand (ompetitionWhat is the hijhut price that Fim 1 o millingfor He new feihnly?* market for the teihue lagy uped byto

For this problem we need result from the previous parts as well. Reaction functions, Firm 1:…

D Consi der Hhe fallowing Cournet medel. » The inverse femand function is given bj p= 30-@ where Q = {, + { Firm 1' margimal cost is $6(cis6). Fivm 2 uses a nom s. that its margjinal cost is $3 (6-3). fixed cort. There is no a The fwo fims chorce thir quarti tias simaltaneculy and Compete only Jame). Amswer the falloning puarfinns. Derive Firm 1 nd Firm 2% veaitin fuitions. respertivaly S solve Hhe Hach equilibium ({", q") What is He equilibrinm price and what is Hhe ponfit level for eash firm. So its a one- shot simulfanecus once O Suppot there is a market for the teihuo lagy uped by Finm 2. klhat is the highert price that Firm 1 is willing to pag for this now ferhmlojj Now lete change the setup faom Comet Gmpititin to Bertrand Campetitim, while maintaining all other ayAuamp tins- Wlhat is He equilibium price? Suppon the two finms engage in Bartrand (ompetiton Whiat is the hijhurt price that Frm 1 ů willng to pay for He new

D Consi der Hhe fallowing Cournet medel. » The inverse femand function is given bj p= 30-@ where Q = {, + { Firm 1' margimal cost is $6(cis6). Fivm 2 uses a nom s. that its margjinal cost is $3 (6-3). fixed cort. There is no a The fwo fims chorce thir quarti tias simaltaneculy and Compete only Jame). Amswer the falloning puarfinns. Derive Firm 1 nd Firm 2% veaitin fuitions. respertivaly S solve Hhe Hach equilibium ({", q") What is He equilibrinm price and what is Hhe ponfit level for eash firm. So its a one- shot simulfanecus once O Suppot there is a market for the teihuo lagy uped by Finm 2. klhat is the highert price that Firm 1 is willing to pag for this now ferhmlojj Now lete change the setup faom Comet Gmpititin to Bertrand Campetitim, while maintaining all other ayAuamp tins- Wlhat is He equilibium price? Suppon the two finms engage in Bartrand (ompetiton Whiat is the hijhurt price that Frm 1 ů willng to pay for He new

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 3P

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Answer both please otherwise we will give dounvote
answer this question bu not on excel
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