Business, 05.05.2020 04:02, mandy294

2. (40 points) Suppose there are two firms in a market who each simultaneously choose a quantity. Firm 1’s quantity is q1, and firm 2’s quantity is q2. Therefore the market quantity is Q = q1 + q2. The market demand curve is given by P = 100 – 4Q. Also, each firm has constant marginal cost equal to 28. There are no fixed costs. The marginal revenue of the two firms are given by:MR1 = 100 – 8q1 – 4q2MR2 = 100 – 4q1 – 8q2.A) (8 points) How much output will each firm produce in the Cournot equilibrium?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 13:20, sailesd57

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Answers: 2

continue

Business, 22.06.2019 15:40, brookekolmetz

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

Answers: 1

continue

Business, 22.06.2019 20:40, mom1645

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Answers: 1

continue

Business, 22.06.2019 21:00, shawntawright1

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?

Answers: 3

continue

Do you know the correct answer?

2. (40 points) Suppose there are two firms in a market who each simultaneously choose a quantity. Fi...