Dagger and Jackson Offer Different Types of Kayak Tours, Competing

question 72

Essay

Dagger and Jackson offer different types of kayak tours, competing on price. Dagger faces q_D = 1,000 - 20p_D + 5p_J and constant marginal costs of $30. Jackson faces q_J = 1,000 - 20p_J + 5p_D and constant marginal costs of $45. If Jackson charges $50 per kayak tour, then Dagger should charge _____ per kayak tour.

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Definitions:

Bought

Acquired in exchange for money or its equivalent; purchased.

Symbolize

The act of representing objects, actions, or ideas with symbols.

Loves

Describes deep affection or strong emotional bonds between individuals, manifesting in various forms such as romantic or platonic love.

Universal Instantiation

A logical rule used in proof theory that allows one to deduce a particular instance from a universally quantified statement.