What quantity will they produce-what price will they charge

Assignment Help Business Economics

Reference no: EM13735290

Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?

A quantity of 20 each and a price of $250

A quantity of 30 each and a price of $50

A quantity of 15 each and a price of $350

A quantity of 30 each and a price of $350

Reference no: EM13735290

Questions Cloud

Suffering annual losses of taxable properties-property value : Smallville is suffering annual losses of taxable properties and property values of 1% each. Even so, Smallville must maintain its tax collections at a constant value of $3.2 million to maintain services. What is the required rate of increase in the t..

Describe the concept of opportunity cost with example : Describe the concept of opportunity cost with example. What would be your opportunity cost of taking on-line classes to get a degree at your University as compared to taking classes at traditional day schools at your University?

In the market for widgets two firms sell identical products : In the market for widgets, two firms sell identical products, compete by choosing the price at which they sell their product, and choose their prices at the same time. What will the equilibrium price and quantity be relative to what would occur if th..

Repay the loan by making equal monthly payments : You borrow $25,000 from your local credit union at 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?

What quantity will they produce-what price will they charge : Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?

Minimum selling price for the bond : You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semi-annual interest payment. The bond rate is 6.6% per year payable semi-annually. You plan to hold the bo..

The steepness of an indifference curve indicates : The steepness (slope) of an indifference curve indicates which of the following?

Quantified the relationship between the price of products : A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150- 0.01 x Demand for an annual printing of this particular product.

Shooting for an early retirement : You take your first job out of college as an engineer with a salary of $58,000 per year. You decide to contribute $2,000 into your 401K retirement plan at the end of your first year (when you are 22 years old). If you continue to contribute annually,..

User Account

All Pages