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July 22, 2014

Homework Help: Economics

Posted by Ronald on Tuesday, March 20, 2012 at 11:07pm.

Two firms compete as a Stackelberg duopoly. The inverse market demand they face is P = 62 - 4.5Q. The cost function for each firm is C(Q) = 8Q. The outputs of the two firms are:


A. QL = 48; QF = 24.

B. QL = 35; QF = 6.

C. QL = 6; QF = 3.

D. None of the statements associated with this question are correct.

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