Answer:i
Step-by-step explanation:
Answer:
15 people
Step-by-step explanation:
Answer:
.........................................................................................................................................................................
Step-by-step explanation:
You first need to establish the benefits function B. For each firm it is equal to the amount produced (q1 for firm 1 and q2 for firm 2) multiplied by the price P, minus cost C. It is
B1 = P.q1 - C1 = (69 - q1 - q2)q1 - C1
B2= P.q2 - C2 = (69 - q1 - q2)q2 - C2
As firma Will maximize benefits we need the derivative in q1 and q2 for firms 1 and 2 respectively. This will give us
69 - 2q1 - q2 = 0
69 - q1 - 2q2 = 0
Note that the derivative of cost is null as marginal cost is null.
Thus,
q2= 69 - 2q1
Replacing on the second equation:
69- q1 - 138 + 4q1 = 0
-69 + 3q1= 0
q1= 69/3=23
Replacing in the q2 equation:
q2=69- 46= 23
To find the money they make replace in benefits function. First we find piece P=69-23-23=23. Thus:
B1=23*23-C1
B2=23*23-C2
As we don't have a value for C1 and C2 we can't compute a number for benefits. If you have these values you will have the benefits.
The correct answer is 36 - there are 36 more beef cattle on the farm
than dairy cattle. We can work this out by multiplying 16 by 3 to get
48. 48 take 12 is 36. 16 is one fourth, 24 is two thirds, which means
you then need to divide this by two to get 12, which means that 12 is
one third.