Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 22, 2021

The total cost function of the dominant firm is CT = 80qp and the function of the offer of the following companies is represented by

The total cost function of the dominant firm is CT = 80qp and the function of the offer of the following companies is represented by P = 100 + 0.51qs

A) Calculate the selling price, the output of the dominant firm, and the production of the follower company

B) Calculate the quantity that the follower companies will produce and the percentage that will be produced by the industry.

Step by Step Solution

★★★★★

3.41 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

Solution Answer Total cost 80 qp P 100 51qs A Selling price 1408 The promoting rate is the q... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions

Question

★★★★★

The total cost function at the Duemer Company is TC = 100 + 4Q + 8Q2, where TC is total costs, and Q is the output. a. What is marginal cost when output is 10? b. What is marginal cost when output is...

Answered: 1 week ago

Question

★★★★★

The total cost function for the EOQ model is In a particular inventory situation, annual demand (D) is 2,000, ordering cost per order is (Co) $25, holding cost per unit per year (Cb) is $10, and...

Answered: 1 week ago

Question

★★★★★

The total cost function for x units of a product is given by C(x) =2500 ln (2x +1) + 1500 (a) Find the total cost of producing 80 items. (b) How many units can be produced before total costs reach...

Answered: 1 week ago

Question

★★★★★

Tell whether the given side lengths of a triangle can represent a right triangle. 36, 48, and 60

Answered: 1 week ago

Question

★★★★★

With reference to Exercise 3.42 on page 90, In exercise If the values of the joint probability distribution of X and Y are as shown in the table Find (a) The marginal distribution of X; (b) The...

Answered: 1 week ago

Question

★★★★★

A small chicken (k = 0.45 W/m K, = 0.15 10 -6 m 2 /s) can be approximated as an 11.25-cm-diameter solid sphere. The chicken is initially at a uniform temperature of 8C and is to be cooked in an...

Answered: 1 week ago

Question

★★★★★

Look for interesting findings that suggest extremes, trends, or patterns in the data.

Answered: 1 week ago

Question

★★★★★

Calculating Investment Returns You bought one of Great White Shark Repellant Co.s 7 percent coupon bonds one year ago for $920. These bonds make annual payments and mature six years from now. Suppose...

Answered: 1 week ago

Question

★★★★★

Only question A, I put 49.64 and is not the answer please help me I need to get it good. Calculate the intrinsic value of Rio Tinto in each of the following scenarios by using the three-stage growth...

Answered: 1 week ago

Question

★★★★★

W&S Partners has just won the January 31, 2026, audit for Cloud 9. As a part of the risk assessment phase for the new audit, the audit team needs to gain an understanding of Cloud 9's structure and...

Answered: 1 week ago

Question

★★★★★

Question 5.10 On the balance sheet, owner's equity is: 2 poi O subtracted from liabilities and the net amount is equal to assets added to assets and the two are equal to liabilities O added to...

Answered: 1 week ago

Question

★★★★★

3. (10 points) Find the length of the part of the curve 2 R(t) = t + + 1 t F between the origin and the point (1, 2/2, 1/3).

Answered: 1 week ago

Question

★★★★★

0 Skills and Applications Writing an Exponential Equation In Exercises 7-10, write the logarithmic equation in exponential form. For example, the exponential form of log, 25 = 2 is 5 = 25. 7. log4 16...

Answered: 1 week ago

Question

★★★★★

In 6-8 find the velocity v(t) and position s(t) at time t> 0 of a material particle that moves without friction along a straight line, when its acceleration, initial position, and initial velocity...

Answered: 1 week ago

Question

★★★★★

A die is rolled and value is recorded. The table shows the results of 20 rolls. 1 5 5 2 5 1 5 65 2 LQ 5 LO 5 2462 6 33 5 2 2 (a) Complete the probability distribution table. X P(X) 1

Answered: 1 week ago

Question

★★★★★

Uncle Cosmo plans to build a factory. It will cost $ 1 , 0 0 0 , 0 0 0 . He expects the after - tax cash inflows to be $ 2 3 0 , 0 0 0 annually for 6 years, after which he plans to scrap the...

Answered: 1 week ago

Question

★★★★★

For your final project, imagine you re a data analyst at an organization that helps other institutions with their data. Your supervisor has provided you with data and is asking you to take a...

Answered: 1 week ago

Question

★★★★★

In what ways does a well-designed enterprise search software vary from popular search engines (e.g., Bing, DuckDuckGo, and Google)?

Answered: 1 week ago

Question

★★★★★

Derive the disturbance covariance matrix for the model ?What parameter is estimated by the regression of the OLS residuals on their lagged values? y ; = x + E = pr1 + 1 - 21-1-

Answered: 1 week ago

Question

★★★★★

For the model y1 = 1 + x + 1, y2 = 2 + 2, y3 = 3 + 3, assume that yi2 + yi3 = 1 at every observation. Prove that the sample covariance matrix of the least squares residuals from the three equations...

Answered: 1 week ago

Question

★★★★★

Verify the result in (20-10).

Answered: 1 week ago

Question

★★★★★

Classic Homes has found from experience that there should be 40% as many two- bedroom homes as three-bedroom homes in a subdivision, and twice as many two- bedroom homes as four-bedroom homes. How...

Answered: 1 week ago

Question

★★★★★

A caterer has the following price structure for banquets. The first 20 meals are charged the basic price per meal. The next 20 meals are discounted by $2 each and all additional meals are each...

Answered: 1 week ago

Question

★★★★★

Calculate the missing value.

Answered: 1 week ago

Previous Question Next Question