Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 ? 2Q. The cost function for each firm is C(Q) = 4Q. The equilibrium output of each firm is:

Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 60 sliders and 50 hot wings would appear

A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.

Given the total cost function TC = 100 + 40Q - 15Q2 + 5Q3, calculate the

a. average fixed cost function (AFC) b. average variable cost function (AVC) c. marginal cost function (MC)