What are joe and rebecca nash equilibrium outputs

Reference no: EM13716326

Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand functionis Qd = 10,000 - 100P, where P is the price of a cubic yard of concrete and Qd is the numberof cubic yards demanded per year. Marginal cost is $25 per cubic yard. Suppose that Joe andRebecca compete in quantities and competition in this market is described by Cournot model.What are Joe and Rebecca's Nash equilibrium outputs? What is the resulting price? What dothey each earn as profit? How does the price compare to the marginal cost?

Reference no: EM13716326

Questions Cloud

Obtain the moment of inertia around the center of mass : Two small charges with a mass of 1.0 g each are connected by 2.0-cm-long insulating rod of negligible mass. Obtain the moment of inertia around the center of mass

Determine the amount of charge passing through a fixed point : Under certain conditions in certain devices, the behavior of the current in a conductor can be represented as a function of time by the equation I(t) = Ioe^(-t/tau). Determine the amount of charge passing through a fixed point

Calculate the firm''s average variable cost : Microsoft Word - Problem Set 9 Consider a competitive firm with the following short-run cost function: c(y) = 3y^2 - 16y + 30 A) Calculate the firm's average variable cost

Find the force of the engine on the first car : A short train (an engine plus four cars) is accelerating at 2.00m/s2. The mass of each car is 3.10 × 104 kg, What is the force of the engine on the first car

What are joe and rebecca nash equilibrium outputs : Joe and Rebecca are small-town ready-mix concrete duopolists. The market demand functionis Qd = 10,000 - 100P, where P is the price of a cubic yard of concrete and Qd is the numberof cubic yards demanded per year. Marginal cost is $25 per cubic..

What length wire must she use : A motorcyclist is making an electric vest that, when connected to the motorcycle's 12 V battery, will warm her on cold rides. What length wire must she use

Find the charge on the capacitor at the given times : A 4.2-µF capacitor is initially connected to a 4.5-V battery. Find the charge on the capacitor at the following times t=0 micro s, t=1micro s, t=5-micro s

Find the magnitude of the magnetic field : A long straight wire carries 2.4A along the +x-axis. Find the magnitude of the magnetic field at a point 20cm away on the +y-axis

What speed limit should be posted : The top of a small hill has a circular (vertical) cross section with an approximate radius of 57 m. What speed limit should be posted

User Account

All Pages