Solve for the Bertrand equilibrium for the firms described below if Firm 1's marginal cost is $15 per unit and Firm 2's marginal cost is $25 per unit. Firm 1 faces a demand function of q 1equals110minus2p 1plus1p 2, where q 1 is Firm 1's output, p 1 is Firm 1's price, and p 2 is Firm 2's price. Similarly, the demand Firm 2 faces is q 2equals110minus2p 2plus1p 1. Solve for the Bertrand equilibrium. In equilibrium, p 1 equals 2 and p 2 equals 2. (Enter numeric responses using integers.)

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.