{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-12T08:15:38-04:00", "answer_date": "2024-06-12 08:15:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2780632", "url": "\/study-help\/questions\/in-the-market-for-electric-cars-firm-1-is-a-2780632", "question_creation_date_js": "2024-06-12T08:15:38-04:00", "question_creation_date": "Jun 12, 2024 08:15 AM", "meta_title": "[Solved] In the market for electric cars, firm 1 i | SolutionInn", "meta_description": "Answer of - In the market for electric cars, firm 1 is a pioneer who invests k1 in R&D for efficient production. Firm 1's total pr | SolutionInn", "meta_keywords": "market,electric,cars,firm,1,pioneer,invests,k1,efficient,production,s,total", "question_title_h1": "In the market for electric cars, firm 1 is a pioneer who invests k1 in R&D for efficient production. Firm 1's total production cost is", "question_title": "In the market for electric cars, firm 1 is a pioneer who", "question_title_for_js_snippet": "In the market for electric cars, firm 1 is a pioneer who invests k1 in R D for efficient production Firm 1's total production cost is given by C1(q1) (10k1)q1 k2 1 The demand for firm 1's electric cars is given by q1 20 2p1 p2 On the other hand, firm 2 is a latecomer whose total production cost is given by C2(q2) 10q2 The demand for firm 2's electric cars is given by q2 20 2p2 p1 Assume the two firms compete by setting prices after firm 1 invests k1 1 1 What are the equilibrium prices, (p1, p2), in terms of k1 (Hint find the best response func tions )", "question_description": "In the market for electric cars, firm 1 is a pioneer who invests k1 in R&D for efficient production. Firm 1's total production cost is given by C1(q1) = (10k1)q1 +k2 1 . The demand for firm 1's electric cars is given by q1 = 20 2p1 + p2. On the other hand, firm 2 is a latecomer whose total production cost is given by C2(q2) = 10q2. The demand for firm 2's electric cars is given by q2 = 20 2p2 + p1. Assume the two firms compete by setting prices after firm 1 invests k1. 1.1. What are the equilibrium prices, (p1, p2), in terms of k1? (Hint: find the best response func- tions.)", "transcribed_text": "", "related_book": { "title": "International Marketing And Export Management", "isbn": "1292016922, 978-1292016924", "edition": "8th Edition", "authors": "Gerald Albaum , Alexander Josiassen , Edwin Duerr", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/652ce9c2c4de0_70261.jpg", "uri": "\/textbooks\/international-marketing-and-export-management-8th-edition-9781292016924", "see_more_uri": "" }, "free_related_book": { "isbn": "0472051989", "uri": "\/textbooks\/hacking-the-academy-new-approaches-to-scholarship-and-teaching-from-digital-humanities-1st-edition-978-0472051984-369582", "name": "Hacking The Academy New Approaches To Scholarship And Teaching From Digital Humanities", "edition": "1st Edition" }, "question_posted": "2024-06-12 08:15:38", "see_more_questions_link": "\/study-help\/questions\/business-accounting-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/is-it-possible-for-the-graph-of-a-polynomial-function", "description": "Is it possible for the graph of a polynomial function to have no y-intercept? no x-intercepts? Explain your answer?", "stars": 3 }, { "url": "\/the-typical-cash-flow-pattern-for-business-projects-involves-cash", "description": "The typical cash flow pattern for business projects involves cash outflows first, and then inflows. However, its possible to imagine a project in which the pattern is reversed. For example, we might...", "stars": 3 }, { "url": "\/study-help\/psychology\/in-your-opinion-which-elements-of-motivational-interviewing-are-most-1983820", "description": "In your opinion, which elements of motivational interviewing are most essential to the success it has demonstrated in the treatment of a wide range of psychological and physical problems?", "stars": 3 }, { "url": "\/the-startrac-coffee-company-is-a-national-coffeehouse-chain-the", "description": "The Startrac Coffee Company is a national coffeehouse chain. The company has a contract with a Mexican supplier for paper cups, lids, and insulated sleeves. Startrac management has found that the...", "stars": 3 }, { "url": "\/study-help\/questions\/based-on-the-following-information-what-is-the-customer-lifetime-9744200", "description": "Based on the following information, what is the Customer Lifetime Value for a customer acquired in Year 2 ? ( round to the second decimal ) \\ table [ [ , Total,Y 2 Y Retention, ] , [ Year 1 , 5 0 0 ,...", "stars": 3 }, { "url": "\/study-help\/questions\/exercise-2215-algorithmic-lo-10-matulis-inc-a-c-corporation-5734695", "description": "Exercise 22-15 (Algorithmic) (LO. 10) Matulis, Inc., a C corporation, owns a single asset with a basis of $484,800 and a fair market value of $1,163,520. Matulis elects S corporation status. Matulis...", "stars": 3 }, { "url": "\/study-help\/questions\/calculate-mean-median-standard-deviation-minimum-maximum-and-counts-n-5744417", "description": "Calculate mean, median, standard deviation, minimum, maximum, and counts (n) for all variables in the POS Associates data set that are appropriate (i.e., that are quantitative variables or are...", "stars": 3 }, { "url": "\/study-help\/questions\/demetri-lives-in-the-city-and-sometimes-uses-a-ride-903275", "description": "Demetri lives in the city and sometimes uses a ride share service. A ride costs $1.50 for the first mile and $0.25 for each additional mile. Demetri does not want to spend more than $3.75 on a ride....", "stars": 3 }, { "url": "\/study-help\/questions\/required-information-exercise-1212-algo-indirect-preparing-statement-of-cash-825774", "description": "Required information Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial...", "stars": 3 }, { "url": "\/study-help\/questions\/indicate-whether-each-of-the-following-expenditure-items-should-be-1493501", "description": "Indicate whether each of the following expenditure items should be classified as a function (F), organization unit (OU), activity (A), character (C), or object (O). Answer is complete and correct....", "stars": 3 }, { "url": "\/study-help\/questions\/you-recently-attended-an-industry-conference-while-there-you-met-5476063", "description": "You recently attended an industry conference. While there, you met up with a friend Roni, who works for a competitor. During a break, Roni implies that if you could get your company to charge for a...", "stars": 3 }, { "url": "\/study-help\/questions\/if-you-apply-critical-thinking-to-solving-problems-and-then-4822387", "description": "If you apply critical thinking to solving problems and then explain your reasoning to others when communicating your solutions, are they more or less likely to support your decisions and plans than...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/1-think-of-a-company-that-has-ventured-internationally-provide-2780631", "next": "\/study-help\/questions\/question-12-1in-1980-apple-inc-went-publicin-2017-apple-2780633" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "In the market for electric cars, firm 1 is a pioneer who", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/in-the-market-for-electric-cars-firm-1-is-a-2780632" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } } }