You are given the following best-response functions for duopoly firms playing a bertrand price-setting game: p 1 equals 25 plus 0.5 m 1 plus 0.25 p 2, and p 2 equals 25 plus 0.5 m 2 plus 0.25 p 1, where m 1 and m 2 are the marginal costs for firm 1 and firm 2 respectively. let m 1 equals m 2 equals $ 10. solve for the bertrand equilibrium prices. firm 1 $ nothing (round answers to the nearest penny) firm 2 $ nothing (round answers to the nearest penny)

The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.

Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.

Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?