Kindly help explain part E and F only. 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

e. In Bertrand competition firms compete in prices so the firm that sets the lowest price gets the…

O Cons i der Hhe following Coarnut medel. • The inverse femand function is given by p= 30-@ where Q = Et %3D Finm 1s marginal cest is $6(ci=6)- Fro 2 ases a ntw s. that it's margimal cost is $3 (6=3). fixed corf. Theve is no * The fwo fims chere thir quarti ties simultaneculy and Compete Jame). ' only (So its a one- shot simultamecus once Answer Hhe felloning puesfinns Derive Firm 1 nd Firm 2s veaitin functions. reupertivaly 5 Solve He Mash equilibivm (I", q) o What s He equilibrinm price and what is Hhe pafit level for eah fim. market for the te hulagy ured by price that Firm 1 is Suppou thare is a Iim 2. Wlhat is Hhe highest willing to paj for this new Now let's change the atup fan (omet Gapetiton to Bertrand (ampetitin, while maintaining all ether ayAamp tins. What iš He equilibium price? Suppon the Awo fims engaga in Batvand (ompetition What is the hijhest price that Frm 1 & for He new fechmly millng to pa

O Cons i der Hhe following Coarnut medel. • The inverse femand function is given by p= 30-@ where Q = Et %3D Finm 1s marginal cest is $6(ci=6)- Fro 2 ases a ntw s. that it's margimal cost is $3 (6=3). fixed corf. Theve is no * The fwo fims chere thir quarti ties simultaneculy and Compete Jame). ' only (So its a one- shot simultamecus once Answer Hhe felloning puesfinns Derive Firm 1 nd Firm 2s veaitin functions. reupertivaly 5 Solve He Mash equilibivm (I", q) o What s He equilibrinm price and what is Hhe pafit level for eah fim. market for the te hulagy ured by price that Firm 1 is Suppou thare is a Iim 2. Wlhat is Hhe highest willing to paj for this new Now let's change the atup fan (omet Gapetiton to Bertrand (ampetitin, while maintaining all ether ayAamp tins. What iš He equilibium price? Suppon the Awo fims engaga in Batvand (ompetition What is the hijhest price that Frm 1 & for He new fechmly millng to pa

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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Why Marginal Cost (MC) is 1?? I did my calcutation and is 2. I replace on fucntion Q = L + (5)2 = L + 25, so L = Q - 25 and put on TC = 2(Q - 25) + 20(5) So TC = 2Q - 50 + 100 = 2Q + 50, then MC = dTC / dQ = 2 You may be replaced TC = wL + rK, but this function no contains Q variable Please confirm that. Thanks
Yennefer produces spells. Suppose q is the quantity of spells produced. Her Total Costs are given byTC(g)=171+g^2 and her Marginal Costs are given by MC(g)=2q. What is her minimum AverageTotal Cost?
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The manager of the donut shop tells you that hesells donuts for $1 each, and that if he were to makeadditional donuts, based on his current level ofoutput, it would cost him $0.80 per donut. Do yourecommend that the manager increase or decreasethe number of donuts he makes?
Maximize profit 4D + 3WWith constraintsTime 3D + 2W ≤ 150Cost 2D + 4W ≤ 220D, W ≥ 0 We saw the best point was (20, 45) with profit 215. Use this problem and the notes to answer the following (except part 4):1 write true or false and then explain either response to this – the range of optimality on the D variable refers to how much the value 20 in the best point can go down or go up and this point is still the best,2 write true or false and the explain either response to this – the range of feasibility of the time constraint refers to the value 150 and how much if can change and the best point is still (20, 45),3 write true or false and explain either response to this – the shadow price of .125 on the cost constraint means that if the right hand side of the constraint (the 220) is anywhere between 100 and 300 then each 1 unit increase in this RHS (say from 100 to 101) will increase profit by 12.5 cents and any 1 unit decrease in this RHS will decrease profit 12.5 cents,4 write true or…
COURSE: MICROECONOMICS - Cournot Model:In the market for a given good there are only 2 firms satisfying the demand, and their respective total cost functions respond to the form: CTi = 10Qi + 5 and the demand is estimated to be: P = 31 - QIf the decision variable for both firms is that the quantity they will produce and realize will be decided simultaneously it is asked to:(a) calculate the profit and reaction function of each firmb) graph market equilibriumc) calculate the profits that both companies will obtain in equilibrium
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An Accra Chemical Factory discharges waste products into a river. These wastes kill many tilapia that are swimming upstream to spawn. While there will no doubt be other ecological damages from the chemical effluent, we wish to focus on those of the fishery. Let E be the tonnes of chemical effluent discharged per month. The equation for Marginal Damages (MD) is MD = 6E. The firm’s Marginal Abatement Cost (MAC) is given by MAC = 800 – 10E. a. Sketch the MD and MAC functions graphically on the same axes. b. Suppose E0 is the point where MAC = 0. Find the total damages (TD) to fishery by the factory per month.
Answer both please otherwise we will give dounvote
answer this question bu not on excel
A firm produces two different kinds, A and B, of a commodity. The daily cost of producingx units of A and y units of B isC(x, y) = 2x2 − 4xy + 4y2 − 40x − 20y + 514Suppose that the firm sells all its output at a price per unit of $24 for A and $12 for B. Findthe daily production levels x and y that maximize profit. (Be sure to show your first andsecond order conditions.)