{"id":106453,"date":"2022-01-26T18:05:01","date_gmt":"2022-01-26T18:05:01","guid":{"rendered":"https:\/\/essayparlour.com\/paperhelp\/?p=106453"},"modified":"2022-01-26T18:05:01","modified_gmt":"2022-01-26T18:05:01","slug":"the-bergen-company-and-the-gutenberg-company-are-the-only","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/paperhelp\/business-economics-2\/the-bergen-company-and-the-gutenberg-company-are-the-only\/","title":{"rendered":"The Bergen Company and the Gutenberg Company are the only"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>The Bergen Company and the Gutenberg Company are the only two firms that produce and sell a particular kind of machinery. The demand curve for their product is<br \/>\n P = 580 &#8211; 3Q<br \/>\n where P is the price (in dollars) of the product, and Q is the total amount demanded. The total cost function of the Bergen Company is<br \/>\n TCB = 410QB<br \/>\n where TCB is its total cost (in dollars) and QB is its output. The total cost function of the Gutenberg Company is<br \/>\n TCG = 460QG<br \/>\n where TCG is its total cost (in dollars) and QG is its output.<br \/>\n a. If these two firms collude and they want to maximize their combined profit, how much will the Bergen Company produce?<br \/>\n b. How much will the Gutenberg Company produce?<br \/>\n c. Will the Gutenberg Company agree to such an arrangement? Why or why not?<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\nThe Bergen Company and the Gutenberg Company are the only two firms that produce and sell a particular kind of machinery. The demand curve for their product is<br \/>\n P = 580 &#8211; 3Q<br \/>\n where P is the price <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-106453","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/comments?post=106453"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106453\/revisions"}],"predecessor-version":[{"id":106454,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106453\/revisions\/106454"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/media?parent=106453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/categories?post=106453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/tags?post=106453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}