Suppose That the Duopolists Carl and Simon Face a Demand

question 16

Multiple Choice

Suppose that the duopolists Carl and Simon face a demand function for pumpkins of Q = 16,400 - 400P, 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 $1 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)8,000 - Q_s/2.
• B)16,400 - 400Q_s.
• C)16,400 - 800Q_s.
• D)4,000 - Q_s/2.
• E)12,000 - Q_s.

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Understand the different theoretical orientations in psychology and their approaches to depression.

Identify the concept of learned helplessness and its connection to depression.

Recognize how societal and cultural factors contribute to the development and understanding of depression.