{% extends "global/Base.html" %} {% load staticfiles otree_tags %} {% block title %} Solution to Understanding Question {{ num_q }} of {{ total_q }} {% endblock %} {% block content %}

Suppose firm Q produced 20 units and firm P produced 30 units. If marginal cost is equal to {{ marginal_cost }}, what would the profit be for firm P?

You answered: {{ player.training_question_1 }}

{% if player.is_training_question_1_correct %}

Your answer is correct.

{% else %}

Your answer is incorrect. Total units produced were 20 + 30 = 50. The unit selling price was {{ total_capacity }} – 50 - {{ marginal_cost }} = {{ capacity_minus_cost }}. The profit for firm P would be the product of the unit selling price and the unit produced by firm P, that is {{ capacity_minus_cost }} × 30 = {{ training_answer }}.

{% endif %} {% next_button %} {% include 'cournot_class/Instructions.html' %} {% endblock %}