What is the effect on price and profits if ge expands output

Reference no: EM131144038

For the answer you posted about a duolopoly in the large turbine industry What is the effect on price and profits if GE expands output by one unit? Please elaborate on the results you provided to the following problem: The large turbine generator industry is a duopoly. The two firms, GE and Westinghouse, compete through Cournot quantity setting competition. The demand curve for the industry is P=100-Q, where P is the price (in $millions) and Q is the total quantity produced by GE and Westinghouse. Currently, each firm has marginal cost of $40 and no fixed costs. Thanks!

Reference no: EM131144038

Questions Cloud

Journalize the transactions for the month of july : Sansomite Co. distributes suitcases to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June, Sansomite's inventory consisted of suitcases costing $1,200.

How tall is the radio tower : A surveyor standing 68 meters from the base of a building measures the angle to the top of the building and finds it to be 40°. The surveyor then measures the angle to the top of the radio tower on the building and finds that it is 49°. How tall is t..

The valve closed the very next time it is hit by the cam : The valve is considered to be closed if the distance between its rest position and its actual position is less than 0.0001 m. Is the valve closed the very next time it is hit by the cam?

Displays the revenues and expenses of a company : 1 Which financial statement displays the revenues and expenses of a company for a period of time?

What is the effect on price and profits if ge expands output : The demand curve for the industry is P=100-Q, where P is the price (in $millions) and Q is the total quantity produced by GE and Westinghouse. Currently, each firm has marginal cost of $40 and no fixed costs. Thanks!

Discuss the two varieties of family problems : Discuss the two varieties of family problems that might be resolved using CBT family therapy. For each problem, suggest behavioral goals and social reinforcers that might be used.

How far is the boat from the base of the dam : From a boat on the river below a dam, the angle of elevation to the top of the dam is 21°52'. If the dam is 2376 feet above the level of the river, how far is the boat from the base of the dam (to the nearest foot)?

Determine the response of an undamped system : Determine the response of an undamped system to a ramp input of the form F(t) = F0 t, where F0 is a constant.

How successful will she be at completing that goal : As her social worker, you might feel that going into drug and alcohol rehab is a priority. However, she might feel that keeping her job, and therefore getting a car, is much more of a priority. If you disregard her goals and instead refer her to a..

User Account

All Pages