1 MICROECONOMICS Part I. Short: 1. Total (domestic) social surplus (TS) is the sum of consumers surplus (CS), producers surplus (PS) of domestic firms and government revenue (GR). If we compare between a tariff that restricts imports to a maximum of N units (where N is positive) and an equivalent quota that reduces imports to the same amount of N units, the ________________ will generate higher government revenue (GR) and the ________________ will generate higher total domestic social surplus (TS). 2. A shale-fracking mine produces oil at a marginal cost of 𝑀𝐶 = 10 + 0.90𝑞 where q is barrels of oil. It supplies competitively at a price of P = $55 per barrel. Each barrel of oil generates groundwater pollution which is estimated to have a marginal external cost (MEC) of 𝑀𝐸𝐶 = 0.60𝑞. Without regulation, it would produce q = _________________ barrels. If environmental regulators were to force the firm to fully recognize the costs of the pollution generated by each barrel produced, this firm would end up producing q = ________________ barrels of oil. 3. Below is a graph of a first-degree perfect price discriminating monopolist’s unit cost and revenue curves (D = demand curve, MR = marginal revenue, MC = marginal cost, ATC = average cost). Units of output are measured on the horizontal axis and the vertical axis measures dollars per unit: For the perfect price discriminating monopolist, total profits (not producer’s surplus) are $________________ and total consumer surplus is $_______________. If this monopolist could not price-discriminate and had to sell its output at a common single price per unit then its total profits would be $________________ and total consumer surplus would be $________________. 2 Part II. Analysis. Provide appropriate analysis and discussion to the following sets of questions. Provide details of your logic or calculations where requested or where relevant. Carefully label and explain any graphs—by themselves graphs are not self- explanatory! I also appreciate clear writing (and handwriting). Make sure you address all the sub-questions asked. You may use the extra sheet at the end of this exam for calculations or extended answers. 1. Question (1) (10 points) Christiane, a typical SAIS M.A. student, derives satisfaction from her consumption every semester of two goods: leisure activities (L) and SAIS courses (C). Suppose that her utility function is given by 𝑈 = 𝐿 3 4 𝐶 1 4 where L and C are the amounts of the two goods consumed per semester. For your convenience, the marginal utilities of L and of C are supplied in the table below. Also given below are the prices per unit of L and of C: MUL MUC PL (in $) PC (in $) 3 4 ( 𝐶 𝐿 ) 1 4 1 4 ( 𝐿 𝐶 ) 3 4 15,000 5,000 (a) (7 points) If Christiane’s budget or available income each semester for these two goods is I = 60,000, what would be her utility-maximizing combination of L

1. 1
MICROECONOMICS
Part I. Short:
1. Total (domestic) social surplus (TS) is the sum of consumers
surplus (CS), producers
surplus (PS) of domestic firms and government revenue (GR). If
we compare
between a tariff that restricts imports to a maximum of N units
(where N is positive)
and an equivalent quota that reduces imports to the same
amount of N units, the
________________ will generate higher government revenue
(GR) and the
________________ will generate higher total domestic social
surplus (TS).
2. A shale-fracking mine produces oil at a marginal cost of ��
= 10 + 0.90� where q
is barrels of oil. It supplies competitively at a price of P = $55
per barrel. Each barrel
of oil generates groundwater pollution which is estimated to
have a marginal
external cost (MEC) of ��� = 0.60�. Without regulation, it
would produce q =
_________________ barrels. If environmental regulators were

2. to force the firm to
fully recognize the costs of the pollution generated by each
barrel produced, this
firm would end up producing q = ________________ barrels of
oil.
3. Below is a graph of a first-degree perfect price discriminating
monopolist’s unit cost
and revenue curves (D = demand curve, MR = marginal revenue,
MC = marginal cost,
ATC = average cost). Units of output are measured on the
horizontal axis and the
vertical axis measures dollars per unit:
For the perfect price discriminating monopolist, total profits
(not producer’s surplus)
are $________________ and total consumer surplus is
$_______________. If this
monopolist could not price-discriminate and had to sell its
output at a common
single price per unit then its total profits would be
$________________ and total
consumer surplus would be $________________.
2
Part II. Analysis. Provide appropriate analysis and discussion to
the following sets of
questions. Provide details of your logic or calculations where
requested or where

3. relevant. Carefully label and explain any graphs—by themselves
graphs are not self-
explanatory! I also appreciate clear writing (and handwriting).
Make sure you address
all the sub-questions asked. You may use the extra sheet at the
end of this exam for
calculations or extended answers.
1. Question (1) (10 points) Christiane, a typical SAIS M.A.
student, derives satisfaction
from her consumption every semester of two goods: leisure
activities (L) and SAIS
courses (C). Suppose that her utility function is given by � = �
3
4 �
1
4 where L and C
are the amounts of the two goods consumed per semester. For
your convenience,
the marginal utilities of L and of C are supplied in the table
below. Also given below
are the prices per unit of L and of C:
MUL MUC PL (in $) PC (in $)
3

4. 4
(
�
�
)
1
4
1
4
(
�
�
)
3
4
15,000 5,000
(a) (7 points) If Christiane’s budget or available income each
semester for these two
goods is I = 60,000, what would be her utility-maximizing
combination of L and
C? Provide some details of how you came up with these

5. numbers.
3
(b) (3 points) Does Christiane regard SAIS courses (C) as a
normal good or an inferior
good? Double the value of the appropriate variable or element
of Christiane’s
budget constraint and show numerically that C is actually a
normal good. Show
details of your calculations below:

6. 2. Question (2) (22 points) Economists see security
arrangements like the North
Atlantic Treaty Organization (NATO) as means of providing of
a public good called
“common security” to its members. Suppose we measure
security in terms of
amounts of military force, units of which we represent by the
variable G. Units of
this military good must be jointly consumed by three member
governments, A, B, C
which have the following respective demand functions for G:
PA = 8 – G
PB = 40 – 2G
PC = 2 – 2G
where G is the amount of (jointly consumed) military force.
With the above, among
the three governments, C seems to be the most pacifistic (in the
sense that it

7. exhibits the smallest willingness to pay for military force).
Units of X can be produced at a constant cost of MC = AC = 30.
4
(a) (8 points) Given the above information, derive the demand
curve of the group of
three governments for units of G and obtain the (socially)
efficient quantity of
military force G to provide. (Show some details of your
calculations.)

8. (b) (6 points) Given the socially efficient amount of G obtaine d
in (a), suppose that
you were to now charge each member government of the group a
different price
per unit of G, one based on their respective willingness to pay
for G. What
amount you charge government C, and how would you interpret
this amount?
5
(c) (8 points) Under the pricing scheme in (b), would there be
losses generated in
providing this optimal amount of joint military force? Obtain
numbers for
revenues and cost of providing this good, and show your results
below:

9. 6
3. Question (3) (28 points total) Stark Industries, Inc. a profit-
maximizing US firm
specializing in advanced weapons systems owns a patent on the
technology of Iron
Man™ armored battle suits (quantities denoted by Q) and is
effectively a monopolist
in the armored battle suit industry. It has decided to sell these
suits to both Russia
and China. These two countries have respectively the following
demand curves:

10. QR = 300 – 3P
QC = 200 – 2P
where QR and QC are the quantities that Russia and China are
willing to pay at
various levels of and price P (in million USD)
Suppose that its marginal cost is MC = 40 per battle suit.
Further there are no longer
any fixed costs of production so its average cost AC is 40 as
well.
(a) (8 points) Suppose Stark Industries can’t separate the
Russian and Chinese
markets and must combine the two demand curves into a single
global demand
curve. What is the total quantity Q of battle suits that Stark
Industries would
produce if it were an ordinary (single-price) monopolist? Show
calculations.

11. 7
(b) (12 points) Suppose that Stark Industries’ initial market
success in China attracts
a competitor firm— Mandarin Technologies— which can
produce virtually
identical armored battle suits for the Chinese market. The two
firms won’t
compete in Russia, but now they share the Chinese (inverse)
demand curve:
P = 100 – (1/2)Q
Mandarin Technologies however has a cost advantage as it can
produce suits at a
lower marginal cost of MC = 25 per battle suit (this is also its
AC). If the two were
to behave as Cournot duopolists, how many battle suits would
each firm end up
producing for the Chinese market? Show details of your logic.

12. 8
(c) (8 points) Suppose Stark Industries and Mandarin
Technologies enter into a
(collusive) partnership agreement to jointly sell battle suits to
the Chinese
market, which as before has (inverse) demand given by
P = 100 – (1/2)Q
Suppose further they agree to use the less costly production
methods of
Mandarin Technologies so that for their joint operations, MC =
AC = 25. How
many battle suits would the partnership produce for the Chinese
market, and
how much total profit would this generate?
9
Extra Sheet for Calculations/Continuation of Answers:

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1
3/10/21
Direct Care Project Part 1
Substance Use Assessment and Diagnosis Template
Directions: Collect the data outlined in this template. Fill in the
blanks in the tables
provided. There are two parts - online data collection and a
modified windshield survey
data collection. You will then identify a nursing problem in a
vulnerable population and
write a nursing diagnosis. See the assignment directions for
suggestions and best
practices. For full credit, all information in a category must be
completed. This will be
the topic of your Assessment and Nursing Diagnosis Template
and also Parts 2
through 4 of your course project.
Name: Laquana Brown Date: May 15, 2021
Online Data Collection
1. Community Information
Your Community Data
Name of city or town and state Brooklyn, New York

14. Population 2,559,903
Nature of this community (rural,
suburban, urban)
Urban
Describe your community in 2-3
sentences
Brooklyn, also called Kings County, is
one of the best places to live in New York
City as it provides the urban feel with
many restaurants, bars, parks and coffee
shops. It is the home of about 200
languages, and about 40% of its
2,559,903 population are foreign, making
the community one of the most culturally
diverse and as a shining example of
multi-culturalism in the US.
2. Community Demographics
a. Go to
https://www.census.gov/quickfacts/fact/table/US/PST045218
i. The US data should automatically populate
ii. Input your zip code or county/township name
iii. Then input your state for comparison data
iv. Enter the data into the table below
v. Compare the county, state, and US data
https://www.census.gov/quickfacts/fact/table/US/PST045218
Maria Di Giacomo
98440000000190393
Excellent job, Laquana!!

15. © 2019. Chamberlain University LLC. All rights reserved.
2
3/10/21
County Data State Data U.S. Data
Population total 2,559,903 8,336,817 328,239,523
Male (subtract female
% from 100)
47.4% 47.7% 49.2%
Female 52.6% 52.3% 50.8%
Persons under 5 7.1% 6.5% 6.0%
Persons over 65 14.4% 14.5% 16.5%
Race and origin data
County Data State Data U.S. Data
White alone 49.8% 42.7% 76.3%
Black or African
American alone 33.8% 24.3% 13.4%
American Indian and
Alaska Native alone 0.9% 0.4% 1.3%
Asian alone 12.7% 14.1% 5.9%
Native Hawaiian and
other Pacific
Islander alone
0.1% 0.1% 0.2%
Two or more races 2.7% 3.6% 2.8%

16. Hispanic or Latino 18.9% 29.1% 18.5%
White alone, not
Hispanic or Latino 36.8% 32.1% 60.1%
Significant population characteristics
County Data State Data U.S. Data
Veterans 37,191 150,924 18,230,322
Foreign born
persons 36.1% 36.8% 13.6%
Housing overview
County Data State Data U.S. Data
Housing units 1,065,399 x 139,684,244
Owner-occupied
housing unit rate 30.1% 32.7% 64.0%
Median selected
monthly owner costs
with a mortgage
$2,903 $2,730 $1,595
Median selected
monthly owner costs
without a mortgage
$909 $903 $500
Median value of
owner-occupied
housing units
$706,000 $606,000 $217,500

17. Maria Di Giacomo
98440000000190393
Great job collecting data!
© 2019. Chamberlain University LLC. All rights reserved.
3
3/10/21
Median gross rent $1,426 $1,443 $1,062
Family and living arrangements
County Data State Data U.S. Data
Households 958,567 3,167,034 120,756,048
Persons per
household 2.66 2.60 2.62
Living in same
house 1 year ago 90.5% 90.0% 85.8%
Language other than
English spoken at
home
45.0% 48.5% 21.6%
Computer and Internet Use
County Data State Data U.S. Data
Households with a
computer 87.5% 89.1% 90.3%
Households with
broadband internet

18. subscription
80.0% 81.5% 82.7%
Education
County Data State Data U.S. Data
High school
graduate or higher 82.4% 82.2% 88.0%
Bachelor’s degree or
higher 37.5% 38.1% 32.1%
Health
County Data State Data U.S. Data
With a disability
under age 65 years 5.8% 6.8% 8.6%
Persons without
health insurance
under age 65 years
7.8% 8.6% 9.5%
Economy
County Data State Data U.S. Data
Civilian labor
workforce ages 16+ 63.6% 63.6% 63.0%
Transportation-mean
travel time to work
(minutes)
43.0 41.5 26.9

19. Income and poverty
County Data State Data U.S. Data
Median household
income $60,231 $63,998 $62,843
Maria Di Giacomo
98440000000190393
I hope you found the data collection interesting! I always found
comparing data from county vs state vs country to be quite
interesting and an eye-opener!
© 2019. Chamberlain University LLC. All rights reserved.
4
3/10/21
Persons in poverty 17.7% 17.9% 10.5%
3. Community Epidemiological Data
a. Go to: https://www.countyhealthrankings.org/
b. Click on your state
i. Start with Overall Rankings in Health Outcomes
ii. Then choose your county
**you will need to use the “+” to see all of the data**
County Data State Data
Health Outcome Rank N/A N/A
Length of life rank N/A N/A
Premature death 5,100 5,400
Low birth weight 8% 8%

20. Adult smoking 15% 13%
Adult obesity 24% 26%
Physical inactivity 24% 23%
Excessive drinking 18% 19%
Alcohol impaired deaths 11% 21%
STIs 817.6 602.4
Teen births 16 14
Drug overdose deaths N/A N/A
Uninsured 8% 6%
Unemployment 4.1% 4.0%
Children in poverty 25% 18%
Violent crime 586 379
Air pollution 7.9 6.6
Drinker water violations No N/A
Long commutes 61% 39%
4. Substance Use
a. Go to: https://www.samhsa.gov/data/report/behavioral-health-
barometer-
state-barometers-volume-6?page=0
i. Find your state and download the report.
ii. Review the report and document the following:
1. Go to Substance Use, Misuse, and Use disorders section.
This will be the area that discusses those 12 and older
(near end of report).
iii. Find the following percentages:
https://www.countyhealthrankings.org/
https://www.samhsa.gov/data/report/behavioral-health-
barometer-state-barometers-volume-6?page=0
https://www.samhsa.gov/data/report/behavioral-health-
barometer-state-barometers-volume-6?page=0

21. Maria Di Giacomo
98440000000190393
This data should be there
Maria Di Giacomo
98440000000190393
This gives foundational data for comparison.
© 2019. Chamberlain University LLC. All rights reserved.
5
3/10/21
State Average Regional Average National Average
Tobacco use 23.5% 23.2% 26.8%
Marijuana 16.2% 15.0% 16.2%
Marijuana use
disorder
1.8% 1.6% 1.6%
Heroin use 0.20% 0.31% 0.30%
Misuse of
prescription pain
reliever
2.8% 2.9% 3.7%
Opioid use
disorder
0.5% 0.6% 0.7%
Illicit drug use

22. disorder
2.8% 2.7% 2.9%
Alcohol use
disorder
5.2% 4.9% 5.3%
Substance use
disorder
7.1% 6.8% 7.4%
Windshield Survey
It is recommended that you have someone drive you around
your community at least 2
times, ideally at different times of day and weekend vs.
weekday.
Look at the people in your community.
Did you observe:
No Yes If Yes,
provide
number or
state “many”
“some” or
“few”
ents Yes Few

23. -5 years old) Yes Few
-age children (6-18 years old) Yes Many
– 60 years old) Yes Many
sing Yes Few
Maria Di Giacomo
98440000000190393
When compared to population totals, this can give you some key
perspectives.
© 2019. Chamberlain University LLC. All rights reserved.
6
3/10/21
such as those using walkers or wheelchairs
Yes Few
disabilities

24. Yes Few
people who appeared homeless or unemployed Yes Few
*Represents vulnerable populations
Social and Economic Conditions
Did you observe:
No Yes If Yes, provide
number or
state “many”
“some” or
“few”
eas undergoing renewal Yes Few
alth education on billboards,
advertisements, or signs
Yes Many
such as advertisements for health-related events,
health fares, clinics, or lectures
Yes Many
to improve

25. the living conditions or the neighborhood
Yes Few
worship
Yes Many
Health Resources
Did you observe:
No Yes If Yes, provide
number or
state “many”
“some” or
“few”
community clinics Yes Many
Maria Di Giacomo
98440000000190393
As you completed this community survey, did you reflect after?
Some things to consider are: What was missing? What does
there need to be more of? What lacks in the community, which
directly impacts Substance use?
© 2019. Chamberlain University LLC. All rights reserved.
7
3/10/21

26. Yes Many
herbal medicine shops
No
Answer the following question:
If some of the above health resources were not observed,
approximately how far away
would a person need to travel to find these resources? One
would have to visit the
neighboring towns to find abuse or homeless shelters about 10
Kilometers away.
Herbal medicine shops could be available a few Kilometers
away, like three or so.
Urgent care clinics are available in neighboring town, which is
2 Kilometers away.
Environmental Conditions
Did you observe:
No Yes If Yes, provide
number or

27. state “many”
“some” or
“few”
suspicious of ground, water, or air pollutants
Yes Few
drainage
No
urbs Yes Many
streets
Yes Many
like the YMCA
Yes Many
parks
Yes Many
Maria Di Giacomo
98440000000190393
Thank you for the details here!

28. © 2019. Chamberlain University LLC. All rights reserved.
8
3/10/21
ch as ants, flies,
mosquitoes, or rodents, or stray animals observed
No
Problem Identification: Marijuana use
Vulnerable Population Identification: Adolescents, especially
those aged 12 years
and above
Nursing Diagnosis: Increased risk of Marijuana use among
adolescents is related to
low number of graduates and larger portion of persons in
poverty compared to national
data as demonstrated in the community data from above.
Maria Di Giacomo
98440000000190393
Great start, Laquana! Some advice for you I have is to be
specific: what community data from above? I enjoyed reviewing
your work, Laquana, you did an excellent job and I cannot wait
to continue to review your remaining parts of the project!!
© 2019. Chamberlain University LLC. All rights reserved.
9

29. 3/10/21
References
Substance Abuse and Mental Health Services Administration
(SAMHSA). (2020).
Behavioral health barometer, volume 6.
https://www.samhsa.gov/data/report/behavioral-health-
barometer-state-
barometers-volume-6?page=0
County Health Rankings and Roadmaps. (2018). Explore
rankings.
http://www.countyhealthrankings.org/
U.S. Census Bureau. (2018). State and county
QuickFacts. https://www.census.gov/quickfacts/
https://www.samhsa.gov/data/report/behavioral-health-
barometer-state-barometers-volume-6?page=0
https://www.samhsa.gov/data/report/behavioral-health-
barometer-state-barometers-volume-6?page=0
http://www.countyhealthrankings.org/
https://www.census.gov/quickfacts/
1
MICROECONOMICS
Part I. Short:
1. Total (domestic) social surplus (TS) is the sum of consumers
surplus (CS), producers

30. surplus (PS) of domestic firms and government revenue (GR). If
we compare
between a tariff that restricts imports to a maximum of N units
(where N is positive)
and an equivalent quota that reduces imports to the same
amount of N units, the
________________ will generate higher government revenue
(GR) and the
________________ will generate higher total domestic social
surplus (TS).
2. A shale-fracking mine produces oil at a marginal cost of ��
= 10 + 0.90� where q
is barrels of oil. It supplies competitively at a price of P = $55
per barrel. Each barrel
of oil generates groundwater pollution which is estimated to
have a marginal
external cost (MEC) of ��� = 0.60�. Without regulation, it
would produce q =
_________________ barrels. If environmental regulators were
to force the firm to
fully recognize the costs of the pollution generated by each
barrel produced, this
firm would end up producing q = ________________ barrels of
oil.
3. Below is a graph of a first-degree perfect price discriminating
monopolist’s unit cost
and revenue curves (D = demand curve, MR = marginal revenue,
MC = marginal cost,
ATC = average cost). Units of output are measured on the
horizontal axis and the

31. vertical axis measures dollars per unit:
For the perfect price discriminating monopolist, total profits
(not producer’s surplus)
are $________________ and total consumer surplus is
$_______________. If this
monopolist could not price-discriminate and had to sell its
output at a common
single price per unit then its total profits would be
$________________ and total
consumer surplus would be $________________.
2
Part II. Analysis. Provide appropriate analysis and discussion to
the following sets of
questions. Provide details of your logic or calculations where
requested or where
relevant. Carefully label and explain any graphs—by themselves
graphs are not self-
explanatory! I also appreciate clear writing (and handwriting).
Make sure you address
all the sub-questions asked. You may use the extra sheet at the
end of this exam for
calculations or extended answers.
1. Question (1) (10 points) Christiane, a typical SAIS M.A.
student, derives satisfaction
from her consumption every semester of two goods: leisure
activities (L) and SAIS

32. courses (C). Suppose that her utility function is given by � = �
3
4 �
1
4 where L and C
are the amounts of the two goods consumed per semester. For
your convenience,
the marginal utilities of L and of C are supplied in the table
below. Also given below
are the prices per unit of L and of C:
MUL MUC PL (in $) PC (in $)
3
4
(
�
�
)
1
4
1

33. 4
(
�
�
)
3
4
15,000 5,000
(a) (7 points) If Christiane’s budget or available income each
semester for these two
goods is I = 60,000, what would be her utility-maximizing
combination of L and
C? Provide some details of how you came up with these
numbers.
3
(b) (3 points) Does Christiane regard SAIS courses (C) as a
normal good or an inferior

34. good? Double the value of the appropriate variable or element
of Christiane’s
budget constraint and show numerically that C is actually a
normal good. Show
details of your calculations below:
2. Question (2) (22 points) Economists see security
arrangements like the North
Atlantic Treaty Organization (NATO) as means of providing of
a public good called

35. “common security” to its members. Suppose we measure
security in terms of
amounts of military force, units of which we represent by the
variable G. Units of
this military good must be jointly consumed by three member
governments, A, B, C
which have the following respective demand functions for G:
PA = 8 – G
PB = 40 – 2G
PC = 2 – 2G
where G is the amount of (jointly consumed) military force.
With the above, among
the three governments, C seems to be the most pacifistic (in the
sense that it
exhibits the smallest willingness to pay for military force).
Units of X can be produced at a constant cost of MC = AC = 30.
4
(a) (8 points) Given the above information, derive the demand
curve of the group of

36. three governments for units of G and obtain the (socially)
efficient quantity of
military force G to provide. (Show some details of your
calculations.)
(b) (6 points) Given the socially efficient amount of G obtained
in (a), suppose that
you were to now charge each member government of the group a
different price
per unit of G, one based on their respective willingness to pay
for G. What
amount you charge government C, and how would you interpret
this amount?

37. 5
(c) (8 points) Under the pricing scheme in (b), would there be
losses generated in
providing this optimal amount of joint military force? Obtain
numbers for
revenues and cost of providing this good, and show your results
below:

38. 6
3. Question (3) (28 points total) Stark Industries, Inc. a profit-
maximizing US firm
specializing in advanced weapons systems owns a patent on the
technology of Iron
Man™ armored battle suits (quantities denoted by Q) and is
effectively a monopolist
in the armored battle suit industry. It has decided to sell these
suits to both Russia
and China. These two countries have respectively the following
demand curves:
QR = 300 – 3P
QC = 200 – 2P
where QR and QC are the quantities that Russia and China are
willing to pay at
various levels of and price P (in million USD)
Suppose that its marginal cost is MC = 40 per battle suit.

39. Further there are no longer
any fixed costs of production so its average cost AC is 40 as
well.
(a) (8 points) Suppose Stark Industries can’t separate the
Russian and Chinese
markets and must combine the two demand curves into a single
global demand
curve. What is the total quantity Q of battle suits that Stark
Industries would
produce if it were an ordinary (single-price) monopolist? Show
calculations.
7
(b) (12 points) Suppose that Stark Industries’ initial market
success in China attracts
a competitor firm— Mandarin Technologies— which can
produce virtually
identical armored battle suits for the Chinese market. The two
firms won’t

40. compete in Russia, but now they share the Chinese (inverse)
demand curve:
P = 100 – (1/2)Q
Mandarin Technologies however has a cost advantage as it can
produce suits at a
lower marginal cost of MC = 25 per battle suit (this is also its
AC). If the two were
to behave as Cournot duopolists, how many battle suits would
each firm end up
producing for the Chinese market? Show details of your logic.
8
(c) (8 points) Suppose Stark Industries and Mandarin
Technologies enter into a
(collusive) partnership agreement to jointly sell battle suits to
the Chinese
market, which as before has (inverse) demand given by
P = 100 – (1/2)Q

41. Suppose further they agree to use the less costly production
methods of
Mandarin Technologies so that for their joint operations, MC =
AC = 25. How
many battle suits would the partnership produce for the Chinese
market, and
how much total profit would this generate?
9
Extra Sheet for Calculations/Continuation of Answers: