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A firm has two plants that produce identical output. The cost functions are C7 = 2519-202²...
Suppose a firm has two plants with the following costs Plant 1: c, q4-75-5.62542 + 1,000,000q and...
Please find q= for BOTH plants
Suppose a firm has two plants with the following costs Plant 1: c, q4-75-5.62542 + 1,000,000q and Plant 2: C2-15q-600q+2,000,000q At what output is the average cost minimized in each plant? Plant 1 average costs ae minimized at output (Enter a numeric response using an integer)
Suppose a firm has two plants with the following costs Plant 1: c, q4-75-5.62542 + 1,000,000q and Plant 2: C2-15q-600q+2,000,000q At what output is the average cost minimized...
Need to know the same thing for Plant 2 too. Suppose a firm has two plants...
Need to know the same thing for Plant 2 too.
Suppose a firm has two plants with the following costs: Plant 1 C1 q-3003-2,400q2+1,000,000q and Plant 2. C2 = q4-45q3-3,000q2 + 2,000 000q. At what output is the average cost minimized in each plant? Plant 1 average costs are minimized at output q= (Enter a numeric response using an integer.)
Consider two firms facing the demand curve P=90-SQ. 17 where Q Q1+02. The firms' cost functions...
Consider two firms facing the demand curve P=90-SQ. 17 where Q Q1+02. The firms' cost functions are С, (A) 10 +sal 13 12 and C2(92)#5+10Q2. Suppose that both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? Combined, the firms will produceunits of output, of which Firm 1 will produce units and Firm 2 will produce units. (Enter a numeric response using a real number rounded to two decimal placos.)...
Please show all workings. Thank you. plants, A and B. The marginal cost functions of each are 1. A firm produces out...
Please show all workings. Thank you.
plants, A and B. The marginal cost functions of each are 1. A firm produces output in two MCA 25 +0.020A and MCB 15+ 0.02Qs The firm faces the following demand function: Q =6350-25P Use this information to find profit maximizing price and total output, and output per plant. Output a. b. Price $ in plant B The firm should produce units of output in plant A and c.
plants, A and B. The...
Joint profit maximizing output and Cournot model Consider two firms facing the demand curve P=75-5C, where...
Joint profit maximizing output and Cournot model
Consider two firms facing the demand curve P=75-5C, where Q Q1 +Q2. The firms' cost functions are Cl (Q1) = 15 +10Q1 and C2 (Q2)-10 + 20Q2. Suppose that both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? Combined, the firms will produce units of output, of which Firm 1 will produce units and Firm 2 will produceunits. (Enter a numeric response...
Suppose there are two firms competing in a market. Both firms produce identical products. Firm One...
Suppose there are two firms competing in a market. Both firms produce identical products. Firm One is an efficient firm and has total cost function C1=5q1; Firm Two is a less efficient firm and has total cost function C2=10q2 . Market demand for this product is given by Q=150-2p. If two firms compete in quantities of production, find out the best response function of each firm and the equilibrium output level of each firm.
Joint profit maximizing level of output Consider two firms facing the demand curve 17 P#90-SQ. where...
Joint profit maximizing level of output
Consider two firms facing the demand curve 17 P#90-SQ. where Q Q1+Q2. The firms' cost functions are C1 (91) -10+50, and c2(Q2)#5+10Q2. Suppose that both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? Combined, the firms will produce units of output, of which Firm 1 will produce ] units and Firm 2 will produce □ units. (Enter a numeric response using a real...
The answers I filled are wrong. 1 Suppose that two identical firms produce widgets and that...
The answers I filled are wrong.
1 Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by C1 = 60Q1 and C2 = 60Q2, where Q1 is the output of Firm 1 and Q2 is the output of Firm 2. Price is determined by the following demand curve: P= 900-Q where Q = Q1 +Q2: Find the Cournot-Nash equilibrium. Calculate the profit of each firm at this equilibrium....
The market for widgets consists of two firms that produce identical products. Competition in the market...
The market for widgets consists of two firms that produce identical products. Competition in the market is such that each of the firms independently produces a quantity of output, and these quantities are then sold in the market at a price that is determined by the total amount produced by the two firms. Firm 2 is known to have a cost advantage over firm 1. A recent study found that the (inverse) market demand curve faced by the two firms...
A firm operates two plants with the marginal cost curves given by MC1 = 50 +...
A firm operates two plants with the marginal cost curves given by MC1 = 50 + Q1 , MC2 = 40 + 2Q2 . If the firm’s total output must be 110 units, how much will it produce at each plant?
Please find q= for BOTH plants
Suppose a firm has two plants with the following costs Plant 1: c, q4-75-5.62542 + 1,000,000q and Plant 2: C2-15q-600q+2,000,000q At what output is the average cost minimized in each plant? Plant 1 average costs ae minimized at output (Enter a numeric response using an integer)
Suppose a firm has two plants with the following costs Plant 1: c, q4-75-5.62542 + 1,000,000q and Plant 2: C2-15q-600q+2,000,000q At what output is the average cost minimized...
Need to know the same thing for Plant 2 too.
Suppose a firm has two plants with the following costs: Plant 1 C1 q-3003-2,400q2+1,000,000q and Plant 2. C2 = q4-45q3-3,000q2 + 2,000 000q. At what output is the average cost minimized in each plant? Plant 1 average costs are minimized at output q= (Enter a numeric response using an integer.)
Consider two firms facing the demand curve P=90-SQ. 17 where Q Q1+02. The firms' cost functions are С, (A) 10 +sal 13 12 and C2(92)#5+10Q2. Suppose that both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? Combined, the firms will produceunits of output, of which Firm 1 will produce units and Firm 2 will produce units. (Enter a numeric response using a real number rounded to two decimal placos.)...
Please show all workings. Thank you.
plants, A and B. The marginal cost functions of each are 1. A firm produces output in two MCA 25 +0.020A and MCB 15+ 0.02Qs The firm faces the following demand function: Q =6350-25P Use this information to find profit maximizing price and total output, and output per plant. Output a. b. Price $ in plant B The firm should produce units of output in plant A and c.
plants, A and B. The...
Joint profit maximizing output and Cournot model
Consider two firms facing the demand curve P=75-5C, where Q Q1 +Q2. The firms' cost functions are Cl (Q1) = 15 +10Q1 and C2 (Q2)-10 + 20Q2. Suppose that both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? Combined, the firms will produce units of output, of which Firm 1 will produce units and Firm 2 will produceunits. (Enter a numeric response...
Joint profit maximizing level of output
Consider two firms facing the demand curve 17 P#90-SQ. where Q Q1+Q2. The firms' cost functions are C1 (91) -10+50, and c2(Q2)#5+10Q2. Suppose that both firms have entered the industry. What is the joint profit-maximizing level of output? How much will each firm produce? Combined, the firms will produce units of output, of which Firm 1 will produce ] units and Firm 2 will produce □ units. (Enter a numeric response using a real...
The answers I filled are wrong.
1 Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by C1 = 60Q1 and C2 = 60Q2, where Q1 is the output of Firm 1 and Q2 is the output of Firm 2. Price is determined by the following demand curve: P= 900-Q where Q = Q1 +Q2: Find the Cournot-Nash equilibrium. Calculate the profit of each firm at this equilibrium....
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