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.

---

Definitions:

Physical Characteristics

The observable attributes or features of an organism, including traits such as height, eye color, and body type.

Intensity

The degree of strength, force, or energy of a stimulus or action.

Inattentional Blindness

Failure to consciously perceive something you are looking at because you are not attending to it.

Feature Detection

The process by which the brain identifies specific elements of a visual stimulus, such as edges, lines, or movements.