User Account

All Pages

What is the revenue function and the marginal revenue

Assignment Help Business Management
Reference no: EM132302989

Suppose there are only two firms 1 and 2 in oligopolistic Cournot market. If the market demand curve is P = 40 - q1 - q2, where q1 is the quantity produced by firm 1 and q2 is quantity produced by firm 2, answer the following questions:

a) What is the revenue function and the marginal revenue function of each firm?

b) Given that the marginal cost is $4, what is the best response function for each

Reference no: EM132302989

Questions Cloud

Expected rate of inflation equals : Currently, the general price level is 160.00 and people expect it to increase to 164.00 next year. Therefore, the expected rate of inflation equals ( ) percent
Strategy of agricultural and rural development in africa : What are Core Requirements of a Strategy of Agricultural and Rural Development in africa
Conduct a Significance Test on that data using SPSS : Choose a health subject that you want to study for this report. You will need to find the data and enter it into SPSS. Conduct a Significance Test on that data
Impact individual firms across the economy : How can these policy innovations impact individual firms across the economy? Will they affect all firms similarly?
What is the revenue function and the marginal revenue : a) What is the revenue function and the marginal revenue function of each firm? b) Given that the marginal cost is $4, what is the best response
Impact individual firms across the economy : How can these policy innovations impact individual firms across the economy? Will they affect all firms similarly?
What is the adaptive management approach of kruger : What is the adaptive management approach of Kruger Inc. Explain?
What effect could lower dollar rate have on inflation : What effect could lower dollar rate have on inflation in Australia? If the inflation rate increases to 4% and unemployment to 7%,
Demonstrate the price and output in market : Use graph/diagram to demonstrate the price and output in this market and explain your diagram

Reviews

Write a Review

Business Management Questions & Answers

  A negotiation opportunity

Discuss and explain how people negotiate on a daily basis in all aspects of their lives.

  Conduct an internal and external environmental analysis

Create a SWOT table summarizing your findings. Your environmental analysis should consider, at a minimum, the following factors.

  Equilibrium price and equilibrium quantity

Many consumer items eventually go out of style, and because fewer people want these items, demand for them drops. When this happens, we usually see production of these items stop. What happens to the equilibrium price and equilibrium quantity in a..

  Secondary human factors contributions to the accident

Develop a case analysis on this topic: Select a commercial aviation accident that was concluded to have resulted from pilot error. Determine the primary and any secondary human factors contributions to the accident.

  Forecasting is an uncertain science since it calls

Forecasting is an uncertain science since it calls for predictions but current theoretical and mathematical models (quantitative and qualitative)

  Draw a straight horizontal line from left to right

Draw a straight horizontal line from left to right to represent your life span. The length should represent the totality of your experience and future expectations.

  Which leadership theory or practice most accurately reflects

Identify which leadership theory or practice most accurately reflects this leader's approach. Support your selection with specific and measurable examples.

  Importance of strategic planning models

Research the importance of strategic planning models such as the 3-Horizons model. What do they say about risk and the need for planning?

  Discuss challenges before selecting key management concept

Identify and briefly discuss each of the challenges before selecting one and linking it to a key management concept. How might applying your chosen concept in practice (taking a theory-based approach) help management resolve this case study challe..

  Context of organisational success

Write a 1000 word paper explaining what continuous improvement means in the context of organisational success.

  Popular applications of systems of equations

The mixture problem is one of the most popular applications of Systems of Equations. Your task this week is to find a mixture problem and demonstrate to the class, step by step, how a system of equations can be used to solve your problem of choice..

  What is gsi cost per impression generated by the online ad

One can 7 clicks results in a purchase. What is GSI's cost per impression generated by the online ad?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd