Fill in the blanks thank you.

1. A firm has Q* units of production capacity and its marginal cost is given by MC = 20 for Q

2. Two firms, Alpha Mowers and Beta Mowers, sell q_A and q_B identical lawnmowers (respectively). Market (inverse) demand is p = 150 - Q where Q = q_A + q_B . Both firms have a constant marginal cost of $30. The equilibrium quantity for each firm is _____ .

3. Firms A and B both produce an identical product, steel. The marginal cost of producing steel is $501/tonne for A and $490/tonne for B. The fixed production costs are zero for both firms. Industry demand is given by Q = 400 - 0.2P. Assume that price must be an integer (e.g., 405, 406, etc). In the Nash-Bertrand equilibrium, profits earned by Firm B is equal to _______. (do not enter a dollar sign or comma in the value you enter).