Answer to Question #84773 in Macroeconomics for Fik

Question #84773

P=100-0.5Q where Q=q1+q2, TC1=5q1,TC2=0.5q2 find betrand equilibrum

Expert's answer

5q1=0.5q2

q_2=(5q_1)/0.5=10q_1

Q=q1+q2=11q1

Equilibrium price will be following:

P=100-0.5×11q1=100-5.5q1=100-0.55q2

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Consider the production function faced by an economy in a particular year, Y=square root of K. N. A
2. What will happen to the interest rates if national income continues to rise?
3. the term fractional reserves refers to
4. a country will not trade unless
5. Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose t
6. "If a firm produces 1000 shirts (finished products), expecting to keep an inventory of 100 shir
7. If the Greek government defaults on its bonds issued by French and German investment banks, how does