The inverse market demand in a homogeneous product Cournot duopoly is P=100-2(Q1+Q2), and the costs are given by C(Q1) = 12Q1 and C(Q2) = 20Q2. The implied marginal costs are $12 for firm 1 and $20 for firm 2. a. Determine the reaction function for firm 1.
b. Determine the reaction function for firm 2.
c. Calculate the Cournot equilibrium price and quantity.
d. Suppose firm 1 is a monopoly (firm 2 does not exist), what is firm 1's monopoly output and price?
e. How does the monopoly price and quantity comparing with Cournot equilibrium in part (c)?

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Match the steps for conducting an informational interview with the tasks in each step.

What is used by accountant to analyze transactions ?