Consider a Cournot duopoly with the following inverse demand function: P = 200 − 2Q1 − 2Q2. The firms' marginal costs are identical and are given by MCi(Qi) = 12Qi. Based on this information, firm 1 and 2's reaction functions are

You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Afarmer is an example of what kind of producer?