Given two demand functions, Finding price charged by a firm under Discrimination and without

[@ghmohd219]

Absolutely helpful for economics students

[@GMSPK]

Great work

[@GiftOtobo-e3n]

Clearly understandable

[@eltonloverboy]

Thank you

[@arifahmad4646]

Thanks for the helpful video sir

[@fayazgani2394]

Very nice video

[@laminkamara5925]

Assuming the cost and demand functions for two competing firms X and Y are given by:
Cx = 60,000 + 10Qx
Cy = 30,000 + 15Qy
Qx = 15,000 - 1000Px + 750Py
Qy = 15,000 + 750Px - 1000Py
As a seasoned Economist, determine the:
(i). Price reaction function for each firm.
(ii). Equilibrium quantities and profits, assuming firm X is the leader and firm Y the follower. Hence, comment on your results.
Can you please help me out on this plz! I wanna compare my work.....

[@beingnomsa4467]

Why would you skip how you got the P1 value? Or atleast explain how you got it without writing it down ??

Can you please graph no discrimination part?

[@abiddarpro5692]

Thanks sir

[@shahidulislam5735]

How do you get p;=120-50

[@ECONMATHS]

Where ?

[@shahidulislam5735]

@@ECONMATHS In P1 sir

[@mstkhanam8234]

Check the first market price equation please

[@Justthere651]

I don't understand the step you skip
You should have include it for better understanding Sir
How do you get p;=120-50;

[@juniorkofi6881]

Please it is p;=120-5Q1