The inverse-demand curve for oil in the middle east is given by p = 20 – q, where q is measure in barrels and p is measured in usd. saudi arabia can produce barrels of oil for a constant marginal cost of $1, while iran can produce barrels of oil for a constant marginal cost of $3. solve for the unique nash equilibrium in the middle eastern oil market assuming that iran chooses its production quantity before saudi arabia chooses its production quantity. compare this to the simultaneous move duopoly (cournot).

The verbal translation for the difference of m and 7 increased by 15

Oliver had $50 on the day before his birthday. after he recived some money for his birthday , he had $75. write and solve eqaution to find how much money oliver received for his birthday. x+50=75

Our star pitcher, foster enlight, can throw a pitch so fast that it gets to the catcher’s mitt before it leaves foster’s fingers! if the team wins a game then the probability that foster was pitching is 0.8 but only if foster had at least one day’s rest since his last pitching assignment. if foster does not have a day off and the team still wins, the probability that foster was pitching drops by half of what it was on the previous day. if the team wins three games in succession from the toronto tachyons and foster pitched in game #2, what is the probability that he pitched in one or more of the other games? (assume that foster did not pitch on the day before the first game of this three game series.)