Question

Teams 1 and 2 receive total profits of π1(*q*1,
*q*2) + *w*1*q*1 and π2(*q*1,
*q*2) + *w*2*q*2, respectively. π1 and π2
represent profits from ticket sales, *q*1 and *q*2
represent quantities, and *w*1*q*1 and
*w*2*q*2 represent profits from sales of apparel. The
demand curve for tickets is *P* = 240 – *Q* and both
teams have marginal cost equal to zero.

i) Suppose that the teams select *q*1 and *q*2
independently. Find the equilibrium quantities and profits from
ticket sales when *w*1 = *w*2 = 0.

ii) Find the equilibrium quantities and profits from ticket
sales when *w*1 = *w*2 = 30. Find the total
profits.

Answer #1

Q1 = +2.1µC and is located at (5, 0), Q2
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+4.2µC is placed at the origin (0,0). (units of distance measured
in meters)
Sketch the setup and make an FBD for the ball.
Find the force from Q1 on the ball in component
form?
Find the force from Q2 on the ball in...

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