Suppose That the Inverse Demand for Bean Sprouts Is Given

question 19

Multiple Choice

Suppose that the inverse demand for bean sprouts is given by P(Y) = 750 - 2Y and the total cost of producing Y units for any firm is TC(Y) = 30Y. If the industry consists of two Cournot duopolists, then in equilibrium each firm's production is

• A) 60 units.
• B) 120 units.
• C) 180 units.
• D) 90 units.
• E) 93.75 units.

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Genetic Program

The set of instructions encoded in the DNA of an organism that directs the development, functioning, and reproduction of that organism.

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A benchmark in child development that outlines typical milestones or behaviors at various ages.

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Accomplishes or succeeds in bringing about a desired result or reaching a target.

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Abnormalities in the form or shape of a part of the body, often resulting from genetic factors, trauma, or disease.