Answer to Question #131161 in Finance for Satyam

Question #131161
Assume that two identical firms in a purely oligopolistic industry selling a homogenous product agree to share the maket equally. The total market demand function for the commodity is Qd = 240 – 10P. The cost schedules of the firms are given in the following table:

q1 40 50 60 80 q2 50 70 100
SMC1 (Rs.) 8 10 12 16 SMC1 (Rs.) 4 6 9
SAC1 (Rs.) 13 12.3 12 13 SAC1 (Rs.) 7 6 7

Question 6: When q1 = 80, what will be MR1?
a. 7
b. -4
c. 5
d. -8
Question 7: When q2 = 100, then MR2 will be
a. 16
b. 32
c. -32
d. -16
Question 8: When q2 = 50, price at this level of output will be
a. 12
b. 14
c. 24
d. 32
Question 9: When q2 = 50, then MR2 will be
a. 2
b. 4
c. 5
d. 6
Question 10: When q2 = 70, then MR2 will be
a. 4
b. -9
c. -4
d. -5
1
Expert's answer
2020-08-30T05:59:11-0400
Dear Satyam , your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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