Answer:
q1 = 910
q2 = 910
Explanation:
Given:
Q = 2800 - 1000p
Marginal cost = $0.07 per unit
Q = 2800 - 1000p
Let's calculate profit of firm 1:
TR = p1 q1
MR = MC = 0.07
Cross multiplying:
2800 - 2q₁ - q₂ = 70
2800 - 2q₁ = 70 + q₂
2800 - 70 - 2q₁ = q₂
2730 - 2q₁ = q₂...............(1)
Let's calculate profit of firm 2:
TR = p₁ q₂
MR = MC = 0.07
Cross multiplying:
2800 - q₁ - 2q₂ = 70
2800 - 2q₂ = 70 + q₁
2800 - 70 - 2q₂ = q₁
2730 - 2q₂ = q₁................... (2)
Substitute 2730 - 2q₂ for q₁ in (1)...
Thus:
2730 - 2q₁ = q₂
2730 - 2(2730 - 2q₂) = q₂
2730 - 5460 + 4q₂ = q₂
-2730 + 4q₂ = q₂
-2730 = q₂ - 4q₂
-2730 = - 3q₂
q₂ = -2730/-3
q₂ = 910
Substituting 910 for q₂ in (2):
2730 - 2q₂ = q₁
2730 - 2(910)= q₁
2730 - 1820 = q₁
910 = q₁
q₁ = 910
The Cournot equilibrium quantities are: q₁= 910; and q₂ = 910
He will be participating in a conference where scientists can present their own findings and study. He would have the opportunity to discuss things with other scientists that would further enhance his presentation. A conference allows open discussions about a topic like a climate change.
Answer:
In the long run as aggregate demand increases and unemployment is reduced workers will demand higher wages the aggregate supply curve will shift left, and the economy will return to the natural rate of unemployment.
Explanation:
In the case when the government misjudge the natural unemployment rate and it is less than the actual one so in the long run, the aggregat demand rises also the unemployment decreased due to which the workers demand for higher wages is also decreased. This lead to the shifting of the aggregate supply to the left and the economy would return to the natural unemployment rate
Answer:
The correct answer is e. a. and b.
Explanation:
Capital assets are assets of a permanent nature used in the production of income, such as machinery, buildings, equipment, land, etc. It must be distinguished from inventory.
Painting is a capital asset, but it is also a personal use activity asset sold at a loss. The loss is not deductible.
The correct answer should be B. Broad differentiation
They want to be seen as better than others and also spread to other markets. This is why they would advertise these qualities that are mentioned in the question, so as to appeal to higher amount of people. Niche would be if they had a niche buyer base and if they stuck to them making products for them.
