{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-13T05:06:24-04:00", "answer_date": "2024-06-13 05:06:24", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2903729", "url": "\/study-help\/questions\/f-2903729", "question_creation_date_js": "2024-06-13T05:06:24-04:00", "question_creation_date": "Jun 13, 2024 05:06 AM", "meta_title": "[Solved] C.6 VisiCalc: the first computer spreadsh | SolutionInn", "meta_description": "Answer of - C.6 VisiCalc: the first computer spreadsheet program: was released to the public in 1979. A year later, mtroduction of | SolutionInn", "meta_keywords": "c,6,visicalc,first,computer,spreadsheet,program,released,public,1979,year,mtroduction", "question_title_h1": " C.6 VisiCalc: the first computer spreadsheet program: was released to the public in 1979. A year later, mtroduction of the DIF format made spreadsheets", "question_title": " C.6 VisiCalc: the first computer spreadsheet program: was released to the", "question_title_for_js_snippet": "C 6 VisiCalc the first computer spreadsheet program was released to the public in 1979 A year later, mtroduction of the DIF format made spreadsheets much more popular because they could now be imported into word processmg and other software programs By 1983 Mitch Kapor used his previous prograrnrmng experience with VisiCalc to found Lotus Corp and introduce the wildly popular Lotus 1 2 3 spreadsheet program Despite enormous initial success Lotus 1 2 3 stumbled vhen Microsoft Corp introduced Excel with a much more user friendly graphical interface in 1987 Today, Excel dominates the market for spreadsheet applications software To illustrate the competitioe process in market dominated by few firms, assume that a t',vo firm duopoly dominates the market for spreadsheet application software and that the firms Hce a linear market demand curve Wllere P is price and Q is total output in the market (in thousands) Thus Q QA QE For simplicity also assume that both firms produce an identical product and have no fixed costs and margmal cost MCA MCE SSO In this circumstance total revenue for firm A is QA2 QAQE Marginal revenue for firm A is Similar total revenue and marginal revenue curves hold for firm B (10 points) 6 1 Derive the output reaction curves for firms A and B 6 2 Calculate the Coumot market equilibrium price output solutions ", "question_description": "\"image
\"image<\/div><\/div><\/div><\/figure>", "transcribed_text": "C.6 VisiCalc: the first computer spreadsheet program: was released to the public in 1979. A year later, mtroduction of the DIF format made spreadsheets much more popular because they could now be imported into word processmg and other software programs. By 1983: Mitch Kapor used his previous prograrnrmng experience with VisiCalc to found Lotus Corp. and introduce the wildly popular Lotus 1-2-3 spreadsheet program. Despite enormous initial success: Lotus 1-2-3 stumbled \\vhen Microsoft Corp. introduced Excel with a much more user-friendly graphical interface in 1987. Today, Excel dominates the market for spreadsheet applications software. To illustrate the competitioe process in market dominated by few firms, assume that a t',vo-firm duopoly dominates the market for spreadsheet application software: and that the firms Hce a linear market demand curve Wllere P is price and Q is total output in the market (in thousands). Thus Q = QA + QE For simplicity: also assume that both firms produce an identical product and have no fixed costs and margmal cost MCA = MCE = SSO_ In this circumstance: total revenue for firm A is QA2-QAQE Marginal revenue for firm A is Similar total revenue and marginal revenue curves hold for firm B. (10 points) 6.1 Derive the output-reaction curves for firms A and B. 6.2 Calculate the Coumot market equilibrium price-output solutions.", "related_book": { "title": "Managing Human Resources", "isbn": "0190857560, 9780190857561", "edition": "12th Edition", "authors": "Susan E Jackson, Randall S Schuler, Steve Werner", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6188e9ee37ebc_2389.jpg", "uri": "\/textbooks\/managing-human-resources-12th-edition-0190857560", "see_more_uri": "" }, "free_related_book": { "isbn": "0134730712", "uri": "\/textbooks\/project-management-achieving-competitive-advantage-5th-edition-9780134730714-101138", "name": "Project Management Achieving Competitive Advantage", "edition": "5th Edition" }, "question_posted": "2024-06-13 05:06:24", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/when-we-use-r2-for-a-random-sample-to-estimate", "description": "When we use R2 for a random sample to estimate a population R2, its a bit biased. 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