Consider the Cournot competition between two firms with different marginal costs. For firm 1, let the cost function be: C1(q1)-3*q1 For firm 2. let the cost function be: C2q2)-6q2 The inverse demand function is: P(Q)-12-Q. where Q=q1+q2 In this game, write down the profit functions for firm 1 and firm 2 (as functions of q1 and q2). Then, find the Nash equilibrium quantities for firm 1 and firm 2. In the NE, which firm produces more: the one with the low or the high marginal cost? Note: To get credit, you need to show your calculations and explain your answer.
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Arts, 22.06.2019 19:30
Using a graphic organizer may bring deeper meaning to the information you are trying to learn. select the best answer from the choices provided true or false
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Read this excerpt from when birds get flu and cows go mad! by john diconsiglio. 1986 don’t eat the meat the first diagnosis of bovine spongiform encephalopathy (bse)—or mad cow disease—is made in britain. in the next five years, mad cow will appear in much of europe, including spain, italy, and greece. how is the information in this passage organized? it is sorted by time order. it is sorted using keywords. it is sorted by steps in the process. it is sorted into numbered sections.
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Arts, 25.06.2019 15:50
Agenre's iconography consists of: a. its characteristic objects, settings, and stars b. the sum of all its conventions c. its use of recurring subject matter d. its typical plot patterns
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Consider the Cournot competition between two firms with different marginal costs. For firm 1, let th...
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