Answer to Question #104083 in Math for mm

Question

Two firms X and Y produce the same commodity. Due to production constraints, each firm is
able to produce ,1 3 and 5 units. The cost of producing qx units for firm X is Rs.[6+qx^2-2q+5] and firm Y has identical cost function Rs.[6+qy^2-2qy+5] for producing qy units. p is the price of one unit for firm X . We assume that the market is in equilibrium.
The outcomes are the profits of the firm shown in the form of a matrix A {aij } Write (i) a11
(ii) a22 (iii) a21 , if demand function D( p) is given as D( p) = 50 − p .

Answer 1

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