Meyer company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. the company's cost and machine hour usage data for the first six months of the year follow: month total cost machine hoursjanuary $ 3,450 1,040february $ 3,730 1,130march $ 3,464 1,020april $ 3,750 1,290may $ 4,000 1,340june $ 4,144 1,420requirementsusing the high-low method, answer the following questions: 1. what is the variable utility cost per machine hour? 2. what is the fixed cost of utilities each month? 3. if meyer company uses 1,220 machine hours in a month, what will its total costs be?
Answers: 2
Business, 23.06.2019 00:00, silonis21
1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?
Answers: 3
Business, 23.06.2019 04:00, queenkimm26
How do i make quick money as a 13 year. old with no alouence.
Answers: 1
Business, 23.06.2019 13:10, lalkjlkeu9709
Barry owns a 50 percent interest in b& b interests, a partnership. his brother, benny, owns a 35 percent interest in that same partnership, and the remaining 15 percent is owned by an unrelated individual. during 2016, barry sells a rental property with a basis of $60,000 to b& b interests for $100,000. the partnership intends to hold the rental as inventory for resale. what is the amount and nature of barry’s gain or loss on this transaction?
Answers: 1
Meyer company, which uses the high-low method to analyze cost behavior, has determined that machine...
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