Suppose two firms operate in a market and can produce at a constant average (and marginal) cost of AC = MC = $8. Let Q1 be the output of the first firm and Q2 be the output of the second. Market demand is given by Q1+ Q2 = 80 - P. Assuming that the firms are competing as per the Cournot competition, find out the equilibrium quantity for each firm, equilibrium price and profit (π1, π2) of each firm. Based on the above data, answer the given subquestions.
Q1*=……..
Suppose two firms operate in a market and can produce at a constant average (and marginal) cost of AC = MC = $8. Let Q1 be the output of the first firm and Q2 be the output of the second. Market demand is given by Q1+ Q2 = 80 - P. Assuming that the firms are competing as per the Cournot competition, find out the equilibrium quantity for each firm, equilibrium price and profit (π1, π2) of each firm. Based on the above data, answer the given subquestions.
Q2*=……………
Suppose two firms operate in a market and can produce at a constant average (and marginal) cost of AC = MC = $8. Let Q1 be the output of the first firm and Q2 be the output of the second. Market demand is given by Q1+ Q2 = 80 - P. Assuming that the firms are competing as per the Cournot competition, find out the equilibrium quantity for each firm, equilibrium price and profit (π1, π2) of each firm. Based on the above data, answer the given subquestions.
P*=............
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The IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 13 Sept 2026, in the May 2026 term, set 1: 37 questions for 45 marks in 180 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Managerial Economics End Term 13 Sept 2026 Set 1 at a glance |
|---|---|
| Term | May 2026 term |
| Subject | Managerial Economics |
| Course code | BSMS3033 |
| Questions | 37 |
| Marks | 45 |
| Duration | 180 min |
| Numerical | 28 |
| MCQ | 9 |
| Official paper | Managerial Economics 13 Sep 26 (Session 2) |
| Negative marking | No negative marking. |
| Updated |
