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xeze [42]
2 years ago
5

Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 123 - 3Q. The total cost function f

or each firm is TC(Q) = 3Q. The price charged in this market will be
Business
1 answer:
Varvara68 [4.7K]2 years ago
5 0

The price changed in this market will be mathematically given as

P=93

<h3>What is the price change in this market?</h3>

P = 123 - 3Q

Generally, the equation for the statement is  mathematically given as

P = 123 - 3Q

Therefore

\frac{d \pi}{ d \Q1}=123-6Q1-30Q2-3=0

Where

Q1=120-3Q2/6

Hence

Q1=120-3(120-3Q1/6)/6

Q1=13.333

In conclusion,

P = 123 - 3(2*13.333)

P=93

Read more about the price

brainly.com/question/19091385

#SPJ1

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Among the 1018 ​respondents, 128 said that rising gas prices are "not at all annoying." what percentage of respondents said that
uysha [10]

Answer: The percentage of respondents said that the gas prices are“Not at all annoying”  are 12.57%

Explanation:  There are 1018 respondents out of which 128 respondents said that the gas prices are “Not at all annoying”

Percentage of the respondents are = Number of respondents who said gas prices are not annoying ÷ Total number of respondents *100

Where, Number of respondents “Not at all annoying” = 128

              Total Number of respondents = 1018

Percentage of the respondents = 128 ÷ 1018 * 100

Percentage of the respondents = 0.1257367 *100

Therefore, the percentage of respondents who said is not annoying is 12.57%.

7 0
3 years ago
A bank currently has $50 million in deposits, $6 million in cash in the vault, $4 million on deposit with Fed, and $5 million in
yuradex [85]

Answer:

A) $800,000

Explanation:

Since the current reserve ratio is 20%, and the bank has no excess reserves, then the maximum it can lend if it receives $1 is $800,000.

The bank has currently $50 million in deposits and $10 million in reserves ($6 million in cash and $4 million in the Fed), so its reserves are exactly 20% of its total deposits. So if any new deposits are received, the bank will have to keep as reserves 20% of it (= $1,000,000 x 20% = $200,000).

This type of banking system is called the fractional banking system because banks are only required to keep a fraction of the money they receive as deposits and they can lend the rest to other clients.

8 0
3 years ago
Check the correct category for each of the following items. Note: for purposes of this exercise, consider cash in and out for th
liraira [26]

Answer:

1. The correct category for each of the following items:

Cash In/Income:

Personal income

Business Income

Cash Out/Expense:

Cost of business trip = variable

State tax liability = fixed

Clothing purchases = variable

2. For example, your mortgage would be considered a fixed expense, because the total amount does not vary.  Conversely, grocery bills would be considered variable, because the actual amount is not fixed but varies.

Explanation:

Variable cost or expense has a fixed cost per unit, with the total amount varying, depending on the units or quantities consumed.  Fixed cost does have a fixed total amount within the relevant range, but the cost per unit varies.

7 0
3 years ago
Morgan signs a contract with Shane agreeing to work with him for a movie. Halfway through the production of the movie, Shane dec
Mice21 [21]

Answer:

(b) Shane has to pay $20,000 to Morgan for breach of contract

Explanation:

In the situation, it is given that Shane decides to quit as he gets another job so he breaks the contract instead of finishing his work on time.  

Due to breach of contract, Shane has to pay $20,000 to Morgan because it is written in the party that if any party breaks the contract than he has to pay the amount. But due to some unnatural causes, no one has to pay.  

In the given case, Shane has deliberately broken the contract so it is compulsory to pay the $20,000 to Morgan.  

Hence, option b is correct

5 0
3 years ago
The ________ documents the portion of work to be purchased, in enough detail so potential suppliers can decide if they feel they
anyanavicka [17]

The <u>procurement</u><u> statement of work</u> documents the portion of work to be purchased in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.

<h3>What is procurement?</h3>

Procurement can be defined as a terminology that is used to connote the purchase of raw materials, items or resources from suppliers, which are used by business firms for the manufacturing of other finished goods and services.

Basically, the <u>procurement</u><u> statement of work</u> is typically used to document the portion of work to be purchased by an entrepreneur or business firm in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.

Read more on procurement here: brainly.com/question/26101126

5 0
2 years ago
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