Provide detailed explanation on each question

Quasar Corporation is set to release its latest video game system which utilizes the newest game technology. In fact, the release date is sooner than that of its only rival Orion. This gives Quasar Corporation "first-move" ability. The demand for video game systems is: Q" = 150 - 0.1P P =1,500-10 04. Orion's marginal revenue curve is: MRO (qo, qQ ) = 1,500-20q0 - 10qQ. The marginal cost functions are: MCQ (qQ) = 0.590 MCO (90) = 0.590 Determine Orion's reaction function. Given that Quasar Corporation has this information and moves first, Quasar's marginal revenue function is: MRQ (qQ) 31,500 420 41 41 40. Calculate Quasar Corporation's optimal output level. Does the "first-move" ability of Quasar Corporation allow it to capture a larger market share?10. Explain why there is an expenditure multiplier and why it is expected to be different for government spending and taxation. 11. Describe how the money supply is measured in the United States and how banks, the public, and the Federal Reserve can influence it. 12. Explain what we want the Federal Reserve to be independent of, why that is important, and what parts of its structure help give it independence. 13. Explain the primary things the Fed can do to help the economy recover from a recession or slow down an expansion. 14. What is the difference between monetary and fiscal policy and what are they both trying to accomplish? 15. What can Congress do to help the economy recover from a recession? Explain the tools they would use and what they are expected to do, as well as reasons why it may not work as expected. 16. Explain the difference between a progressive, regressive, and proportional tax and provide an example of each. 17. Explain what automatic stabilizers are and how they help the economy during a recession. 18. Explain why balancing the federal budget may not always make the economy stronger. 19. What is happening in our national economy right now and how would you recommend the government respond? Make sure you make an argument for your response that shows what you have learned in the class. 20. What do you think was the most valuable topic we covered in this class and why? 21. What do you wish we had time to study in more detail in this class and why