Suppose That the Duopolists Carl and Simon in Problem 1

question 27

Multiple Choice

Suppose that the duopolists Carl and Simon in Problem 1 face a demand function for pumpkins of Q = 8,400 - 800P, where Q is the total number of pumpkins that reach the market and P is the price of pumpkins. Suppose further that each farmer has a constant marginal cost of $.50 for each pumpkin produced. If Carl believes that Simon is going to produce Q_s pumpkins this year, then the reaction function tells us how many pumpkins Carl should produce in order to maximize his profits. Carl's reaction function is R_C(Q_s) =

• A) 2,000 -.
• B) 8,400 - 800Q_s.
• C) 8,400 - 1,600Q_s.
• D) 4,000 -.
• E) 6,000 - Q_s.

Explain the mechanism of action for specific plant hormones, including gibberellins, auxins, and ethylene.

Describe the genetic and experimental approaches to studying plant hormones and their effects.

Identify the effects of plant hormones on processes such as seed germination, fruit development, and root growth.

Recognize the influence of plant hormones on plant morphology, including stem elongation and the formation of abscission zones.

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