HELP !!!JNU...

[SoniaKapoor]

[Dreyfus]

Q59....b) as for profit max. firm MR=MC1=MC2
Q60....d) demand curve isn't there
Q61.....c)
Q62....consider three cases ie x1>x2, x2>x1 and x1=x2
U'll get x1+x2 ie option a)

[Siddhant]

I don't think the absence of the demand fx is a problem here. I guess we need to consider the firm to be a price-taker at P=3=MR, giving Q*=3 and profit = 4.5. Hence, 60 (a) and 61 (d).

[AS]

59.MC1=MC2

y1=y2

Y=y1+y2 so y1=y2=y/2

60.  max 3y1-y1*y1

y1=1.5  similarly y2=1.5

so y=3

61.

 profit=2[4.5-2.25]=4.5