The inverse market demand in a homogeneous product cournot duopoly is p = 250 – 2(x+y) and total costs are c1(x) = 2(x)2 and c2(y) = 10y where x = quantity produced by firm 1 and y = quantity produced by firm 2.

determine the reaction function for each firm.

Depasquale corporation is working on its direct labor budget for the next two months. each unit of output requires 0.61 direct labor-hours. the direct labor rate is $8.70 per direct labor-hour. the production budget calls for producing 6,700 units in may and 7,100 units in june. if the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?