DSE 2004, q12, q24, q25

[Gayyam]

Hi guys,

These are DSE 2004 questions that I haven't understood. :-/ Can anyone help me with these?








Thank you!

[kangkan]

Hey for 12,model it is a stacleberg equi



thre reaction curve of q2= 0.5-q1(e)/2

The maximization prob for 1 is Max (1-q1-[0.5-q1/2])*q1 -0.5q1

Solving we get q1=0.25

option c

[Gayyam]

Thank you Kangkan! :)

[kangkan]

 for 24 and 25, i am not sure...but here is my try

the answer to 23 is y=f(1/2)...therefore outpput is fixed...therefore you can rule out the options where output chnage.

[Gayyam]

This, I'm not so sure. Does the condition given in q23 (1/2 ≤ 1-Wº/P) hold here too? They said about the condition of section 5 and 7 holding true.

[kangkan]

yes..i tihink so..cuz they mentioned that V and V11 hold true.