If the Inverse Demand for Bean Sprouts Were Given

question 21

Multiple Choice

If the inverse demand for bean sprouts were given by P(Y) = 640 - 3Y and the total cost of producing Y units for any firm were TC(Y) = 10Y and if the industry consisted of two Cournot duopolists, then in equilibrium each firm's production would be

• A)52.50 units.
• B)70 units.
• C)105 units.
• D)35 units.
• E)53.33 units.

---

Definitions:

Glossopharyngeal Nerve

The ninth cranial nerve, responsible for taste and sensory functions in the tongue and throat, as well as stimulating salivary gland secretion.

Carotid Baroreceptors

Pressure-sensitive sensory neurons located in the carotid arteries that help regulate blood pressure by detecting changes in blood pressure and sending signals to the brain.

Sympathetic Nerve

A component of the autonomic nervous system that readies the body for activities associated with stress.

Carotid Baroreceptors

Pressure-sensitive sensory receptors located in the carotid arteries that help regulate blood pressure by detecting changes in arterial pressure.