Consider a Cournot game between two firms. The firms face an inverse demand function described by the equation P(Q) = α − Q if Q ≤ α, P(Q) = 0 if Q > α, where P is the price of output and Q is the total output produced by the two firms. Firm 1 produces its output q1 at a constant unit cost c1 (i. e, the total cost to firm 1 of producing

Amixture of slurry and mud is to be pumped through a horizontal pipe of diameter 500 mm. the fluid behaves as a bingham plastic with a yield stress of 30 pa and viscosity 0.04 pa.s. describe the effects of the shear stress through a transverse section of the pipe by plotting the variation in shear stress and velocity profile: (i) just before the slurry starts to move (ii) as the slurry flows when the pressure gradient is double that in part (i)